New Delhi: Advik, an automotive components manufacturer, recently completed the acquisition of the business assets of UK-based Aceleron Energy Ltd. It is a company known for its advanced Li-ion batteries. With this Advik forays into the Electric Vehicle (EV) and energy storage systems (ESS) sectors, a step that aligns with its expansion plans.
By incorporating Aceleron's assets, Advik aims to broaden its product range and customer reach, with a focus on advancing energy storage solutions for the future. The company said.
Led by its UK subsidiary Advik Technologies Limited, the acquisition integrates state-of-the-art Li-ion battery technology into Advik's offering. This technology, renowned for its innovative design that eliminates the need for welding, is expected to improve the battery's reusability and scalability, thus contributing to sustainability efforts, the company said in a press release.
Aditya Bhartia, Managing Director of Advik, expressed enthusiasm for the acquisition highlighting its potential to drive progress towards a cleaner and more sustainable energy landscape. In addition to the acquisition of proprietary technology, Advik gained access to testing and prototyping facilities in the UK, complementing its existing network of manufacturing plants.
The adoption of Aceleron technology indicates Advik's anticipation of growth in the electrification of various mobility segments, including two-, three- and four-wheelers, as well as stationary energy storage systems. By leveraging this acquisition, Advik aims to position itself at the forefront of innovation in energy storage and transformative electric mobility.
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