The U.S. commercial electric vehicle market is set for another battery technology push as South Korea’s LG Energy Solution explores a new partnership with commercial EV startup indiGOtech. LG Energy and indiGOtech sign an MoU on October 1, 2026, opening discussions on battery supply for a new generation of electric commercial vans.
The non-binding agreement covers 46-series nickel-cobalt-manganese (NCM) cylindrical battery cells and could support indiGOtech’s upcoming Flow Ride and Flow Cargo models. The companies will also explore vehicle-battery integration, performance optimization, longer driving range, and faster charging, targeting the evolving requirements of North American commercial fleets.
LG Energy Solution and U.S.-based indiGOtech have signed a non-binding MoU to explore supplying 46-series NCM cylindrical battery cells for electric commercial vans from 2027 to 2030.
LG Energy and indiGOtech Sign MoU for 2027-2030 Supply
The agreement provides a framework for the two companies to work toward a final binding battery supply contract. The proposed supply window runs from 2027 through 2030, although commercial terms, contract value, and final supply conditions remain under negotiation.
IndigoTech, headquartered in Woburn, Massachusetts, is developing commercial electric van platforms for the North American market. Its broader ecosystem combines electric vehicles with charging infrastructure and digital services designed around commercial fleet operations.
Key Partnership Highlights
- Companies: LG Energy Solution and indiGOtech
- Agreement: Non-binding memorandum of understanding
- Battery: 46-series NCM cylindrical cells
- Proposed supply period: 2027-2030
- Target EVs: Flow Ride and Flow Cargo
- Market: North American commercial EV sector
Battery Technology for Electric Commercial Vans
Under the MoU, LG Energy and indiGOtech sign an MoU to investigate the integration of LG Energy Solution’s 46-series cylindrical cells into indiGOtech’s upcoming electric vehicles.
The companies plan to conduct technical collaboration focused on vehicle-battery integration and performance verification. Their research will also examine ways to increase total driving range while reducing charging times, two important considerations for commercial operators managing high-utilization electric fleets.
LG Energy Expands 46-Series Battery Push
The partnership also reflects LG Energy Solution’s efforts to secure additional customers for its 46-series cylindrical batteries. According to the company, shipments of these batteries increased 1.5 times year over year as of the second quarter.
For indiGOtech, the collaboration could provide access to advanced cylindrical battery technology as it develops its commercial EV portfolio. LG Energy and IndiGoTech’s sign of an MoU marks an initial step toward a potential long-term supply relationship, with both companies still working toward a definitive agreement.
The proposed collaboration highlights the growing focus on battery performance, charging speed, and system integration as commercial fleets transition toward electrification. LG Energy and IndiGoTech’s signing of an MoU could therefore become a significant development if the companies finalize the planned 2027-2030 supply arrangement.
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