MISSISSAUGA, Ont. (CP) -- Electrovaya Inc. has connected with Tata Motors and Miljo Grenland/Innovasjon to make electric cars in Norway using Electrovaya's lithium ion battery technology.
Miljo Grenland/Innovasjon, in which India-based Tata has just taken a 50.3 percent interest, will start next year to produce electric vehicles based on Tata products with Electrovaya's SuperPolymer batteries.
Electrovaya said Tuesday it will receive an undisclosed equity stake in Miljo, along with a technology license fee and a royalty.
The venture's first vehicle will be the Indica EV, said to be capable of carrying four people and their luggage for up to 200 kilometres.
