Silveline Power has announced a significant partnership with SRAM & MRAM Group by signing a licensing agreement worth $135 million for hydrogen fuel-based electric vehicle technology. This agreement is aimed at developing technologies and ancillary supplies ecosystem to support the entire supply chain required for electric vehicle manufacturing. The $135 million investment will be spread over a period of five years. SRAM Group, in collaboration with Silveline Power, aims to scale up the production and commercialization of hydrogen-based vehicles. This strategic move is expected to boost the development and adoption of eco-friendly electric vehicles in the market. The agreement signifies a positive step towards advancing clean energy solutions and promoting sustainability in the automotive industry. It also highlights the growing interest and investment in hydrogen technology within the electric vehicle sector, paving the way for a more sustainable future.