# FRIWO AG and UNO MINDA Group form joint venture for e-mobility in India

FRIWO AG and UNO MINDA Group have entered a joint venture to develop and market e-drive solutions for electric two- and three-wheelers in India. FRIWO will hold a 49.9% stake, and UNO MINDA plans a €15 million investment in FRIWO.

- Type: Partnership
- Announced: 2021-12-10
- Where: India
- Value: $17.0M (15.0M EUR)
- Status: announced
- Products: e-drive solutions, electric vehicle components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [UNO MINDA](https://endata.com/companies/7019.md) (partner)
- [Friwo](https://endata.com/companies/19399.md) (partner)

## Sources

- [friwo.com](https://www.friwo.com/en/press/joint-venture-between-friwo-ag-and-uno-minda-group-opens-new-e-mobility-perspectives-for-both-companies/), 2021-12-10: "The Joint Venture will perfectly combine FRIWO’s long-term experience in providing sophisticated e-mobility solutions with the unmatched manufacturing track record of UNO MINDA."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.