LG Energy Solution announced on October 1, 2026, that it has signed a non-binding memorandum of understanding with U.S.-based commercial electric vehicle startup indiGOtech to explore battery supply and technological collaboration.
Headquartered in Woburn, Massachusetts, indiGOtech focuses on electrifying commercial van platforms for the North American market. The company is developing an ecosystem that combines vehicles, charging infrastructure and digital services.
Under the memorandum, the companies will work toward a final agreement covering the supply of LG Energy Solution’s 46-series NCM cylindrical battery cells from 2027 to 2030. The cells would be used in indiGOtech’s upcoming Flow Ride and Flow Cargo electric vehicles.
The collaboration is also expected to include joint business development through vehicle-battery integration and performance verification. The companies intend to assess opportunities to extend vehicle driving range and reduce charging times.
LG Energy Solution said its 46-series NCM cylindrical battery technology offers high energy density and rapid charging capabilities. The battery manufacturer plans to use the proposed partnership to pursue opportunities in the U.S. commercial vehicle market, including logistics, last-mile delivery and ride-hailing applications.
indiGOtech Chairman and CEO Will Graylin said the companies are working toward a long-term relationship intended to support vehicles, drivers and fleet operators. The startup is developing its vehicles as part of a Transportation-as-a-Service ecosystem for urban ride-hailing and delivery.
LG Energy Solution is also expanding its customer base for 46-series cylindrical batteries. The company reported that its cylindrical battery shipments were 1.5 times higher year over year as of the second quarter, supported by stable mass production and increased deliveries of 46-series cells.
Source: news.lgensol.com
