The cleantech company, ANEVOLVE launched its first state-of-the-art plant for power electronics on March 22, 2023 at Bhiwadi, Rajasthan. The company, established by Anjali Singh and Jaisal Singh Chairman and Vice Chairman respectively of ANAND Group, creates, designs, and manufactures green technology solutions for electric mobility and other sectors. ANEVOLVE was launched dedicatedly as a cleantech platform and to hold the acquisition of all new cleantech companies of the group.

The plant, under ANEVOLVE’s new division ‘ANEVOLVE POWERTRONICS’ will focus on sustainable industries such as EVs, and on manufacturing products for non-auto sectors such as BLDC fans, as part of the cleantech platform’s vision of ‘Clean Technologies for a Greener Planet’. The company aims to work in line government’s ‘Make in India’ vision. In the strategic area of power electronics, the plant will manufacture EV products such as inverters, AC/DC converters, and onboard chargers, along with power distribution units, which will enhance the shift to clean mobility.

At the launch Jaisal Singh also the Executive Chairman, ANEVOLVE, said, “As India rightly claims its place as a global economic superpower, it is imperative that our guiding principle for growth is sustainability. The creation of ANEVOLVE is for us, not just as business group but also as a family, an important and significant step in this journey.” The company was announced in January this year by Singh.

Sunil Kaul, Managing Director, ANEVOLVE added, “The automotive industry has undergone a sea change and electric mobility is the clear future of transport. Against this backdrop, there is a need for thoughtful collaborations to innovate and go down the path of sustainability. ANEVOLVE POWERTRONICS is a collective effort to conceptualise, design, and develop advanced technologies that provide appropriate and sustainable solutions to the mobility industry, as well as to non-auto sectors such as white goods.”

ANEVOLVE is dedicated to help India build its strategic electronics sector as the world looks to build more diverse and resilient distribution networks and reduce the dependence on imports from any one country. “ANEVOLVE's POWERTRONICS division is a big leap that complements the government’s ‘Make in India’ strategy, especially in the realm of power electronics. The world-class designs from ANEVOLVE's collaboration with Headspring, provide complete solutions for electronic products in cleantech EVs and future hydrogen vehicles. Internally, our factory is water-neutral that aligns with our vision of sustainability,” said Sumit Bhatnagar, Deputy Managing Director, ANEVOLVE.

In January, ANEVOLVE partnered with Japanese sustainable energy solution provider Headspring Inc. to set up an engineering centre in India. Anjali Singh also the Group Executive Chairperson, ANEVOLVE stated, “The new POWERTRONICS division made compelling business sense. It shows that smart business logic and creating a better planet are intertwined—and this is very much part of our credo. This futuristic factory under ANEVOLVE's new POWERTRONICS division is part of our commitment to ensure our customers are supplied leading-edge power electronics that are made in India for sustainable-focused businesses like EVs; as well as for low-power-consumption products in other sectors.”