DG Innovate teams up with commercial vehicle giant to develop eco-friendly systems

LONDON: DG Innovate, a company that develops eco-friendly solutions for electric mobility and energy storage, has partnered with a leading commercial vehicle components company to create systems for heavy goods vehicles using its Pareta® drive technology.

The Pareta® system is a simple, light and affordable solution that can be used for both electric and hybrid vehicles, as well as those with internal combustion engines.

The system is designed to be reliable, adaptable, responsive and intelligent, and can enhance the performance of each vehicle. The partners will test their prototypes in 2024, as part of a joint development agreement that includes funding for DG Innovate.

Commenting, Peter Bardenfleth-Hansen, CEO of DG Innovate, said: “This agreement with a global leader in commercial vehicle components highlights the substantial and varied opportunities for the technology behind DGI’s Pareta® drive in a very large market.  I look forward to providing further updates on this project, and more generally, as we leverage DGI’s technology and build a scaled business focused on green technology.”

Peter Tierney appointed CEO of DG Innovate Plc

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