Mahindra and Renesas announce Formula E technical partnership
November 30, 2017
Mahindra & Mahindra, Ltd. a pioneer in the development of electric vehicles, and Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, today announced the formation of a strategic partnership with Renesas as the official technology partner of the Mahindra Racing Formula E team.
Both parties will work together across a number of programmes inclusive of ‘proof-of-concept’ systems for both racing and road cars.
The organizations will leverage their mutual strengths to expand the development and manufacturing of electric vehicles, powertrain, Advanced Driver Assistance Systems, and other systems in India and other emerging markets.
Pawan Goenka, Managing Director, Mahindra & Mahindra Limited and Chairman of Mahindra Racing UK said, “We are delighted to welcome Renesas as a key technical partner of the Mahindra Racing Formula E team as we start the fourth season of racing.
Welcome aboard, @RenesasAmerica – our official technical partner for Season 4! Here’s a look at the complete livery of the M4Electro. pic.twitter.com/UpDFAbOera
— MahindraRacing (@MahindraRacing) November 30, 2017
“Formula E is helping to grow Mahindra’s EV technology and expertise, and this new strategic partnership with Renesas will only help to accelerate our learning curve.
“We look forward to working with Renesas and leveraging their automotive semiconductor expertise as we increase our thrust in Formula-E and continue to play a pioneering role in the fast-growing Indian EV market.”
Ryuji Omura, Executive Vice President of Renesas Electronics Corporation said, ” India is one of our focus markets and is expected to bring about significant business growth for Renesas, particularly for the EV segment.
The India government is working on a scheme to limit the cars sold in India to only electric vehicles by 2030, opening tremendous opportunities for the EV market.
Through our new partnership with Mahindra, we look forward to bringing our design expertise based on our open and comprehensive Renesas autonomy Platform, to the Indian market.”
