India, May 8 -- UK-based electric drivetrain systems manufacturer DG Innovate (DGI) has entered the Indian market via a joint venture (JV) with electric commercial vehicle startup EVage Motors. DGI is led by former Tesla director Peter Bardenfleth-Hansen.

The JV will be 60% owned by DGI and 40% by EVage and will see both parties invest respective to their ownership in the entity. In a conversation with Inc42, EVage's founder and CEO Inderveer Singh said that the partnership will see the two companies set up a manufacturing plant in Chandigarh to produce DGI's proprietary Pareta electric drive system.

"While DGI will facilitate the manufacturing process with designing and manufacturing expertise, EVage will give the JV an Indian access t...