• Last Update 2022-08-11 20:48:00

Vega Innovations partners with USAID Sri Lanka to develop Lankan electric vehicle industry

Business

Vega Innovations, a subsidiary of CodeGen International, recently partnered with the U.S. Agency for International Development (USAID)-funded Sri Lanka Energy Programme (SLEP) to support the commercialization of electric vehicles in Sri Lanka.

Vega Innovations is an automobile manufacturer of electric vehicles (EV). The company pioneered South Asia’s first electric supercar, Vega EVX, which was unveiled online at the Geneva International Motor Show in March 2020

Further, the company also designs and manufactures components such as high-performance inverters and battery packs while providing EV research and development (R&D) services to clients worldwide.

The company also pioneered the first end-to-end EV charging network launched in Sri Lanka with a scalable EV charging solution for car users across the country.

Vega Innovations was founded in 2013 as part of CodeGen International, spearheaded by visionary Dr Harsha Subasinghe, alongside Kusal Subasinghe and Bharat Patel.

Dr Subasinghe of VEGA Innovations, who attended the signing, stated: “We are delighted with this opportunity to collaborate with the USAID Sri Lanka Energy Program, especially when alternative energy sources are being sought in the country.

At VEGA Innovations, our multi-disciplinary teams have been able to transform many industries through the years while taking our homegrown brands to the world. Now, through this shared vision, we look forward to supporting our motherland’s journey towards development while paving the way for a sustainable future for the generations to come.”

The recent USAID partnership will support VEGA Innovations’ efforts to promote the adoption of electric vehicles, including electric tuks and the manufacturing of locally designed batteries and inverters. 

U.S. Ambassador to Sri Lanka Julie Chung, who attended the signing ceremony alongside a USAID delegation, said:

“The U.S. supports innovators and researchers around the world to test new ideas, take strategic risks, build evidence of what works, and advance the best solutions to some of the world’s most intractable development challenges. In Sri Lanka, we are excited to partner with VEGA and other key private sector firms to support innovation and growth in the renewable energy sector.”

Rick Whitaker and Dr Harsha Subasinghe signed and witnessed the agreement on behalf of the USAID Sri Lanka Energy Program and VEGA Innovations, respectively.

Also in attendance at the signing included Deputy Chief of Mission U.S. Embassy Martin Kelly, Acting USAID Mission Director Kevin Dean, and Co-Founder, Director of Vega Innovations and Director Strategic Investments of CodeGen International, Beshan Kulapala.

The USAID Sri Lanka Energy Programme is one component of the longstanding partnership between the American and Sri Lankan people to support Sri Lanka’s development journey and promote economic development. USAID’s program in Sri Lanka, totalling more than 350 billion LKR ($2 billion) since 1961, promotes a healthy, educated, and employed population. 


U.S. Ambassador to Sri Lanka Julie Chung is seen riding the Vega ETX - Electric Trishaw at the CodeGen International premises while Rick Whitaker - Chief of Party – USAID SL Energy Programme and  Harsha Subasinghe, President and Chief Executive Officer of CodeGen Group of Companies are seated at the back.  Pix courtesy Dilnath Deegala.   

 


Rick Whitaker and Dr. Harsha Subasinghe signed and witnessed the agreement on behalf of the USAID Sri Lanka Energy Programme and VEGA Innovations, respectively. Pix courtesy Dilnath Deegala.


U.S. Ambassador to Sri Lanka Julie Chung is seen gesturing while seated inside the Vega EVX,  South Asia’s first electric supercar designed and engineered by Vega Innovations. Pix courtesy Dilnath Deegala.

 

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