Foxbase Technologies Places an Purchase Order Worth $600 Million for Triton EV Semi Trucks

Sharing a major milestone in Triton Electric Vehicle's India journey, Triton EV has announced that Foxbase Technologies Private Limited has singed an irrevocable corporate purchase order for 4000 Triton EV Semi Trucks worth USD600 Million. Foxbase Technologies is a Bengaluru based technology solutions company that has forayed into EV and EV Charging Station business in South India.

The Triton EV Semi Trucks shall be supplied to commercial Industrial clients across the South Zone of India. The first round of delivery will be in Summer 2022. 

“We would like to thank MD Dr Jaya Garg for her support and confidence in choosing to partner with Triton Electric Vehicle, LLC and look forward to continuing growth in India. Foxbase Technologies Private Limited has plans to install 50,000 EV charging stations & Triton Electric Vehicle, LLC will partner with Foxbase Technologies for charging needs,” says Mr Himanshu B Patel, Chairman and MD of Triton EV. 

“We are excited and glad to place this order for Triton EV Semi Trucks as EV is a great priority area for Foxbase Technologies. Our strategic focus towards EV Charging business will drive us to work closely with Triton EV and their expertise in the area of Clean Energy and EVs,” says  Dr Jaya Garg, MD of Foxbase Technologies. 

Last week, Triton EV signed an MoU with Telangana State Government to open a India’s one of the largest and world’s most advanced EV Manufacturing Facility. The factory will be located in Zaheerabad, Telangana which is almost 2 hours drive from Hyderabad. 

Telangana  State has also promised to give 3000 Electric Vehicle Government Order to Triton EV.

Himanshu Patel also commented that the last 10 days have been phenomenally well for Triton EV and it’s India plans. “We achieved certain important and great milestones for not just Triton EV but also for the Indian Electric Vehicle’s sector. We are excited to enter Telangana State with our Manufacturing facility. As this facility will produce world’s best in class EVs, specially Triton EV Semi Trucks.  Through this manufacturing facilty we are likely to give jobs to over 24 thousand people. The automotive-related MSME ecosystem in the Telangana State is also likely to get a great boost with our manufacturing.”

Background Note: 

Triton EV's commitment towards India can be visualized with the recent MoU news sign off with BEL. The two organizations will work on Energy Storage Systems & Electric Vehicles development.

Earlier the New Jersey Headquartered Triton Electric Vehicle LLC has registered an Indian subsidiary by the name of Triton Electric Vehicles India Private Limited in New Delhi after unleashing strong plans for the Indian EV market. 

 Triton EV is involved in the Energy Storage System business ranging from transportable small battery packs to a 10 MWh battery storage unit for customers in the USA and abroad for applications like energy generation, load management, EV charging stations etc. Triton is also involved in the manufacturing of Electric Vehicles using battery technologies developed by them.