Saudi India Venture Studio Partners With Indian EV Startup Pravaig

Pravaig, a prominent Electric Vehicle (EV) Original Equipment Manufacturer (OEM), has made a significant move towards revolutionizing the automotive industry. In a milestone agreement, Pravaig signed a memorandum of understanding (MOU) with Saudi India Venture Studio. This partnership signifies a crucial step in their mission to transform the AI and EV sectors. The MOU was inked by Mansour Alsanooni, CEO of Saudi India Venture Studio, and Siddhartha Bagri, CEO of Pravaig Dynamics. The signing ceremony took place during the G20 YEA summit in New Delhi, India.

Pravaig Dynamics and Saudi India Venture Studio Join Hands

Expressing enthusiasm about the collaboration, Siddhartha Bagri, CEO of Pravaig Dynamics, stated, "We are delighted to join hands with Saudi India Venture Studio, founded by Mansour Alsanooni, under the aegis of His Royal Highness Fahad Fahad bin mansour Al Saud." This strategic partnership brings together two industry leaders to drive innovation and transform the automotive landscape.

Alignment with Saudi Arabia's Vision 2030

The MOU between Pravaig and Saudi India Venture Studio is in harmony with Saudi Arabia's Vision 2030, initiated by Crown Prince Mohammed Bin Salman. The vision aims to deepen the private sector's strategic investment relationship with India, fostering socio-economic transformation and unprecedented growth. Mansour Alsanooni emphasized the importance of the vision and its potential impact on both nations.

Unleashing Investment Opportunities and Entrepreneurial Ventures

Saudi India Venture Studio, guided by the Ministry of Investment's meticulous direction, aligns with INVEST SAUDI, enabling a streamlined entry into the Middle East and North Africa (MENA) region. The partnership with Pravaig paves the way for investment opportunities and entrepreneurial ventures, propelling the Kingdom's technological advancement in EV, battery, and AI sectors. This collaboration represents an innovative journey that will shape Saudi Arabia's reign in future realms.

Shaping the Global Technology Landscape

Siddhartha Bagri reiterated the shared vision between the two companies, highlighting the potential to shape the global technology landscape and transform people's relationship with technology. This collaboration signifies a remarkable opportunity to introduce groundbreaking ideas and revolutionize the way technology impacts society.

Pravaig's Commitment to Right to Repair, Privacy, and Ownership

As the Kingdom of Saudi Arabia experiences economic growth and revival, Pravaig is committed to empowering citizens and countries to take back control through their steadfast dedication to the right to repair, privacy, and ownership. Pravaig recognizes the extraordinary opportunities that lie within the Saudi Arabian market and pledges to contribute to its development and success.

Collaborative Journey to Co-develop Special Purpose Vehicles

The landmark MOU between Pravaig Dynamics and Saudi India Venture Studio marks the beginning of a collaborative journey to co-develop, supply, and service special purpose vehicles, including Electric Vehicles, AI-driven solutions, Advanced batteries, and Energy Storage Solutions. This partnership will forge new pathways, foster technological advancements, and redefine the socio-economic technology landscape.

Establishing a Robust Left-Hand Drive Production Base

A key objective of this partnership is to establish a robust left-hand drive production base capable of manufacturing up to 1 million units of vehicles. This production capacity will effectively cater to the demands of the GCC (Gulf Cooperation Council), Europe, and the USA. By combining Pravaig's expertise with the strategic guidance and support of the Kingdom of Saudi Arabia, the partnership is poised to unlock unparalleled economic opportunities worth over 31 billion USD across international markets.

Unlocking Unparalleled Economic Opportunities

The collaboration between Pravaig and Saudi India Venture Studio holds immense potential for unlocking unparalleled economic opportunities. The partnership aims to leverage the strengths, expertise, and resources of both entities to drive economic growth, technological advancement, and job creation.

Leveraging Strengths and Expertise for Transformation

Pravaig and Saudi India Venture Studio are excited to embark on this transformative journey, leveraging each other's strengths, expertise, and resources. The collaboration aims to accelerate and revolutionize the electric automotive industry in Saudi Arabia, contributing to the Kingdom's Vision 2030 objectives. With their shared vision and dedication, both companies are well-positioned to shape the future of technology and make a lasting impact on the global automotive landscape.

The partnership between Pravaig and Saudi India Venture Studio marks a significant milestone in the AI and EV industry. The collaboration aligns with Saudi Arabia's Vision 2030 and represents a shared commitment to driving innovation, economic growth, and socio-economic transformation. Through their joint efforts, Pravaig and Saudi India Venture Studio aim to redefine the technology landscape, unlock unparalleled economic opportunities, and revolutionize the electric automotive industry in Saudi Arabia and beyond.