ADVIK, an Indian automotive component manufacturer incorporated on 1998, has acquired business assets of Aceleron Energy Ltd., a UK-based advanced Li-ion battery company. This move signifies ADVIK’s entry into the Electric Vehicle (EV) and Energy Storage System (ESS) sectors, aligning with its growth trajectory. The acquisition expands ADVIK’s 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 it’s portfolio. The deal grants ADVIK access to cutting-edge battery tech with a focus on reusability and sustainability, aligning with the company’s vision for a cleaner future. ADVIK produce components like chain tensioners, oil pumps, throttle bodies, decompression units, fuel cock(manual & automatic), combi brake systems, drum gear shifters, and starter gears
ADVIK, an Indian automotive component manufacturer, has successfully acquired business assets of Aceleron Energy Ltd., a UK-based advanced Li-ion battery company. This move signifies ADVIK’s entry into the Electric Vehicle (EV) and Energy Storage System (ESS) sectors, aligning with its growth trajectory. The acquisition expands ADVIK’s 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 it’s portfolio.
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 it’s existing network across 10 plants.
The acquired technology revolutionizes Li-Ion battery design, eliminating the need for welding, and promoting reusability and scalability. It is engineered to support a circular economic model. It enhances accessibility to energy storage products by increasing battery life and reducing wastage.
ADVIK anticipates growth in electrification in the mobility space. This includes 2W, 3W, and 4W segments, as well as in stationary energy storage systems.
