Epic Energy Limited recently informed exchanges that the company signed a Joint Venture Agreement with Fenfeo Automotive Private Limited, to establish an Electric Vehicle Charger manufacturing facility in Coimbatore with an installed capacity of 15,000 Chargers per annum.
In the exchange filing, the company shared, “A Joint Venture Company will be set up under the Agreement, with EPIC owning 76% of the Equity and Fenfeo owning 24% of the Equity. The JV Agreement also envisages expanding the initial installed capacity across multiple locations in India depending on the demands of the market.”
