Wednesday, May 22, 2024
More
    HomeBusinessADVIK Powers up with Acquisition of Business Assets of UK-based Aceleron Energy...

    ADVIK Powers up with Acquisition of Business Assets of UK-based Aceleron Energy Ltd. for Advanced Li-ion Batteries

    Related stories

    Medical students advised to consult NMC before taking two daily direct flights from Bishkek, Kyrgyzstan to India

    The APNRT has informed that the situation in Kyrgyzstan is currently normal and two direct flights will be flown daily from the trouble-torn Bishkek to New Delhi from May 23.

    Meeting of Ekal Abhiyan Varg conducted in Gadwal

    The Ekal Abhiyaan Satsang Sadhak Varga program was attended...

    Telangana State Road Transport Corporation (TSRTC) Rebranded as TGSRTC

    Telangana RTC MD Sajjanar announced that TSRTC is now...

    SP Rohit Raju IPS convenes meeting with traders and contractors in Tunika district

    In Bhadradri Kothagudem District, District SP Rohit Raju IPS...

    Through its next-gen advanced energy storage technology, ADVIK Technologies Limited, UK offers the worlds first serviceable, upgradeable, and scalable lithium-ion batteries

    The acquisition will create additional expertise for ADVIK in the advanced battery space for e-mobility and ESS applications

    - Advertisement -

    ADVIK, a leading automotive component manufacturer, has successfully acquired business assets of Aceleron Energy Ltd., a UK-based advanced Li-ion battery company. This move signifies ADVIKs entry into the Electric Vehicle (EV) and Energy Storage System (ESS) sectors, aligning with its growth trajectory. The acquisition expands ADVIKs product range and customer base, aiming to enhance the development of next-gen energy storage solutions. Managed through its UK subsidiary ADVIK Technologies Limited, the acquisition integrates cutting-edge Li-Ion battery technology into ADVIKs portfolio.

    World’s 1st serviceable & repurposable Lithium Ion Battery Pack – For Mobility & ESS

    - Advertisement -

    Mr. Aditya Bhartia, Managing Director of ADVIK, expressed excitement about the acquisition, emphasizing its contribution to a sustainable future powered by clean energy. The acquisition not only brings patented technology but also adds testing and prototyping facilities in the UK, complementing ADVIKs existing network across 10 plants.

    The acquired technology revolutionizes Li-Ion battery design, eliminating the need for welding, and promoting reusability and scalability. Engineered to support a circular economic model, it enhances accessibility to energy storage products by increasing battery life and reducing wastage.

    - Advertisement -

    ADVIK anticipates growth in electrification in the mobility space, including 2W, 3W, and 4W segments, as well as in stationary energy storage systems.

    About ADVIK Group of Companies

    ADVIK Group of Companies, headquartered in Pune; is a leading global manufacturer of Automotive Components. With annual sales of more than 100 million USD, the group offers an extensive portfolio of products like Pumps: Oil Pump, Water Pumps and Vacuum Pumps, 2W Hydraulic Brake Systems, Valves & Actuators: HVAC actuators, Throttle body assembly, Purge Valves, Reed Valves, Secondary Air Injection Valves, Thermal Management System Valves, EGR, Cam Chain Tensioners, Alternate Fuel System: CNG regulator & CNG systems.The company serves Automotive Customers Globally.

    For further information please visit www.ADVIK.co.in.

    - Advertisement -

    Follow us

    3,565FansLike
    179FollowersFollow
    1,202FollowersFollow
    965SubscribersSubscribe

    Contribute News

    You can contribute an article to Telangana Tribune by dropping a mail at newsdesk@telanganatribune.com

    Latest stories

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here