TIDMSED
Saietta Group PLC
31 August 2023
Saietta and HCLTech co-develop cost-effective Vehicle Control
Unit for lightweight electric vehicles in Asia
Saietta to manufacture the VCU in India from Q4 2023 through JV
with Padmini VNA
-- Electric drive specialist Saietta is ready to deploy its
all-new Vehicle Control Unit (VCU)
-- The VCU acts as the 'brain' of the vehicle, ensuring that key
operating systems perform efficiently and effectively to deliver a
smooth driving experience
-- Saietta's unique VCU is highly flexible and modular, ensuring
an optimal fit for three- and four-wheel applications
-- The VCU has been developed with HCLTech, a leading global
technology company, and has now completed final testing and been
approved for real-world use
-- The VCU will form part of the Company's complete eDrive
solutions for its initial Indian OEM customer
London, UK, 30 August 2023 - Saietta Group plc, the British
electric drivetrain (eDrive) specialist, has completed the
development of an all-new Vehicle Control Unit (VCU), that has been
co-developed with HCLTech specifically for three- and four-wheeled
lightweight electric vehicles (LEVs) in Asia. The addition of the
VCU to Saietta's existing portfolio of motor, controller and
transmission products enhances the Company's ability to provide
OEMs with complete eDrive solutions that can be quickly and cost
effectively tailored to specific applications.
The VCU will be manufactured in India by Saietta VNA, a joint
venture between Saietta Group and Padmini VNA. The first units will
be delivered as part of complete eDrive solutions to one of the
largest three- and four-wheel LEV manufacturers in India. The
eDrive supply arrangement, previously announced on 6(th) December
2022, will see a minimum of 80,000 complete systems delivered over
the first five years of the agreement and deliveries are on track
to commence in Q4 2023.
The partnership with HCLTech will enable the end-to-end
development of a scalable, modular, safe and secure VCU
architecture for LEVs, optimizing their operation and multiple
other critical vehicle functions.
Tony Gott, Executive Chairman and Interim Chief Executive
Officer, Saietta Group plc, said: "As with all elements of our
leading-edge eDrive solutions, the VCU is designed to be
cost-effective for Asia and is highly modular. This allows our
engineers to tailor the functionality precisely to a customer's
requirements and thereby deliver a competitive edge."
"Saietta seeks to work with the very best partners who have a
proven track record of delivering insightful innovation at the
required scale, on time, on cost and on quality and we view HCLTech
clearly as such an industry leader. We are honoured to work
alongside them and look forward to evolving this relationship and
together helping clean up the air in mega-cities globally."
VCUs - the brains of next-generation LEVs in Asia
A VCU is the 'brain' of a vehicle and they are standard
components in cars to manage key vehicle systems such as torque
control, battery energy management and regenerative braking. The
VCU ensures that all of these systems work in harmony in the most
effective and safe manner.
Lightweight vehicles in Asia, such as rickshaws powered by
internal combustion engines, have a simplistic electrical
architecture, negating the need for a VCU. However, while LEVs
bring many advantages to Asia, their electrical architecture is
more complex, having to control functions such as how electrical
energy is fed into the traction motors, managing the health of
on-board batteries and optimising the charging process.
Saietta believes that future legislation and customer demand for
a more refined driving experience will mean that VCUs become the
norm in LEVs across Asia. The Company therefore co-developed a
highly modular VCU with HCLTech which can ultimately be set up to
optimise the operation of a complete electric powertrain, managing
the operation of the motor, controller, transmission, batteries,
and the battery charging process as well as multiple other critical
vehicle functions.
Saietta's presence in India
The collaboration with HCLTech further strengthens Saietta's
presence in India. In March of this year, the British eDrive
developer announced a transmission supply contract with AVTEC, one
of the largest independent manufacturers of powertrain and
precision-engineered products in India.
Saietta VNA will produce the electric motors and inverters in
its Indian manufacturing plant and combine these with transmissions
from AVTEC manufactured at its plant in India. The resulting
48V-96V eDrive solutions are designed to be lightweight, compact
and cost competitive for Indian LEVs.
Ends
About Saietta
Listed on the London Stock Exchange's AIM, Saietta is a
multi-national business which designs, engineers and manufactures
complete electric drive (eDrive) solutions for use in lightweight
vehicles including scooters, motorbikes, rickshaws and urban
delivery vehicles.
Saietta's breakthrough electric motor technologies include
proprietary AFT (Axial Flux Technology) and RFT (Radial Flux
Technology) which can be combined with in-house power electronics,
powertrain controls, mechanical axles, and transmissions.
Developing tailored electric powertrain solutions to deliver
competitive advantage, Saietta's turnkey engineering services are
designed to fast-track electric vehicle development from concept to
start of production. For more information, visit
https://www.saietta.com/
About HCLTech
HCLTech is a global technology company, home to more than
223,400 people across 60 countries, delivering industry-leading
capabilities centered around digital, engineering, cloud and AI,
powered by a broad portfolio of technology services and products.
We work with clients across all major verticals, providing industry
solutions for Financial Services, Manufacturing, Life Sciences and
Healthcare, Technology and Services, Telecom and Media, Retail and
CPG, and Public Services. Consolidated revenues as of 12 months
ending June 2023 totaled $12.8 billion. To learn how we can
supercharge progress for you, visit hcltech.com.
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END
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August 31, 2023 02:00 ET (06:00 GMT)
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