[PERTE VEC II] EEVAM has applicated in the PERTE program in order to strengthen its industrial capabilities and reinforce its commitment to POWERMASTER technology.
This August, the Government finally opened the window to begin receiving applications under the second call of PERTE VEC II, the Strategic Project for the Recovery and Economic Transformation of Electric and Connected Vehicles. This is a support plan for the automotive sector promoted by the Spanish Government, focused on promoting sustainable mobility. This call is aimed at strengthening the competitiveness and industrial capacity of our country in the electric vehicle value chain.
Both due to its motivation and its specific characteristics, from EEVAM, we have been able to identify that this call is particularly aligned with our vision, and therefore, it has been identified as suitable support in our roadmap towards consolidating our company as key providers within the global value chain of light electric vehicles.
With this motivation, under the mentioned call, EEVAM has submitted an investment project of approximately 2 million euros for the company's technical headquarters in Cáceres, Extremadura. This project is divided into two lines.
1. Investigation & Development
Continuous effort in R&D is one of the pillars upon which our company's activities are based. In particular, over the past few years, this effort has been focused on Intelligent Electric Power Distribution Systems, which has resulted in the POWERMASTER technology and the PM Devices Catalog (link). In the coming years, EEVAM will intensify its efforts in this technology, aiming to complete the catalog with new devices based on it, addressing the needs of an increasingly diverse range of electric vehicles, including various power levels, voltages, and topologies with powertrains based on modular battery systems. Within the framework of the mentioned call, a 40-month activity schedule has been submitted to strengthen the company's R&D efforts.
The patented technology, POWERMASTER, arises from the combination of innovative engineering techniques with the lessons learned by the company after years of providing electric vehicle design services to international manufacturers.
EEVAM's goal is to continue optimizing the catalog for the market with devices tailored to various electric vehicles and needs. It is estimated that the new PERTE call will strengthen R&D activities not only for the company but also at a national level, making Spanish technology much more competitive in the international market.
Jesús Salazar, CEO of EEVAM
For years, EEVAM has been committed to light electric vehicles as the best tool on the path to decarbonizing mobility. POWERMASTER represents the realization of our vision in a disruptive technology, serving the needs of users and enabling electric quadricycle and motorcycle manufacturers to exponentially increase their sales volume.
For more information about EEVAM Technologies and the innovative Powermaster technology, please visit: EEVAM – Engineering, Electric Vehicles and Advanced Mobility (eevamtechnologies.com)
2. Industrial Capacity & Pilot Plant
EEVAM faces new challenges as the product catalog offered by the company expands, new markets open, new business agreements are reached, and, consequently, production needs are updated. These challenges, which are common to all stakeholders in the electric and connected vehicle value chain, occur in the areas of supply chain management, production with robust quality maintenance, and international distribution.
Since the company currently does not have autonomous manufacturing capacity but instead relies on a strategy where manufacturing and distribution depend on a network of partners, which limits the control that can be exercised over certain critical processes, it has been identified as necessary to complement this strategy with a reinforcement of in-house industrial capabilities.
Therefore, EEVAM embarks on a path that must lead the company to gain greater control over critical processes, such as the supply of essential components, monitoring product quality variations, and adaptability of production volume in response to demand fluctuations.
To achieve this, as a first step, a Pilot Plant Project for the Manufacturing of Power Electronics Components for Light Vehicles has been submitted. Although modest in terms of unit volume, this plant covers all the essential processes for the manufacturing of these types of components in the value chain of Light Electric Vehicles (LEV). Therefore, its construction, start-up, and gradual operation are expected to provide essential reinforcement in the areas identified as critical, as well as generating vital lessons learned for future steps in the company's industrial strategy, where scaling up the operation is intended.
At EEVAM, we want to convey our tremendous excitement for having had the opportunity to participate in this call, made possible thanks to the growth trajectory in the electric automotive sector that we have been achieving in recent years. We are moving forward with hope that the projects we've submitted will receive a positive evaluation, allowing us to accelerate our plans and maintain our commitment to the region of Extremadura. It's a region that we continue to support, believing in its talent, its entrepreneurial ecosystem, and the possibility of the region increasing its participation in cutting-edge industrial sectors, such as electric automotive.
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