DG Innovate Partners with EVage for Motor Production

Path Investments (GB:DGI) has released an update.

DG Innovate has entered a joint venture with Indian electric vehicle maker EVage to produce its Pareta® e-drives, aiming to manufacture approximately 100,000 units over the next four years. The partnership will result in the creation of Pareta® India, with DG Innovate owning a majority share and EVage overseeing manufacturing operations. This venture marks a significant step for DG Innovate in penetrating the electric vehicle market, with a focus on light commercial vehicles and other segments.

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