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EV charger maker Exicom to acquire Tritium for $30 mn

VCCircle

VCCircle · 1y ago

EV charger maker Exicom to acquire Tritium for $30 mn

Indian electric vehicle charger manufacturer, Exicom Tele-Systems, has agreed to acquire Tritium, an Australia-based DC fast charger firm, for $29.6m. The deal will expand Exicom's operations to include Tritium's US manufacturing facility and Australian engineering centre. Exicom offers EV charging and energy storage solutions in 15 countries. The acquisition is aligned with Exicom's goal of contributing towards a greener future.

Related News

Exicom Buys Australia’s Fast Charger Maker Tritium For $37 Mn

Inc42 · 10m ago

Exicom Buys Australia’s Fast Charger Maker Tritium For $37 Mn

- Exicom acquires Tritium for $37 Mn to enhance global presence in EV infrastructure. - The acquisition includes Tritium's manufacturing facility in Tennessee, US, and its engineering center in Brisbane, Australia. - Exicom specializes in critical power, EV charging, and sustainable energy storage solutions using advanced lithium-ion technology. - The acquisition aims to accelerate the adoption of electric vehicles and strengthen Exicom's position in the market. - Exicom's investment in Tritium demonstrates its commitment to developing and expanding its offerings in the EV charging sector.

Exicom, India's EV charger leader, expands into the UK Market, introduces a range of EV chargers to accelerate EV Adoption

Startup News FYI

Startup News FYI · 1y ago

Exicom, India's EV charger leader, expands into the UK Market, introduces a range of EV chargers to accelerate EV Adoption

India's largest EV charger manufacturer, Exicom, has announced its entry into the UK and European market. The company plans to strengthen its distribution channel and provide EV chargers through direct sales channels. Exicom unveiled the Harmony Direct DC 360 Fast Charger, designed for the European market, featuring up to 360kW of power and a modular design. They also introduced the Spin Air EV AC Charger, offering solar compatibility and seamless integration with Exicom's Spin Control mobile app. With a focus on convenience and control, Exicom aims to simplify EV charging and support the UK government's vision of achieving zero-emission vehicles by 2035.

With Heliox purchase, Siemens eyes high growth in truck, bus EV chargers -exec

Reuters · 1y ago

With Heliox purchase, Siemens eyes high growth in truck, bus EV chargers -exec

Siemens aims to achieve high double-digit growth in the electric charging market for bus fleets and trucks, positioning itself in the top three companies globally. The acquisition of Dutch charger maker Heliox will enable Siemens to expand its business in the EV charging technology sector. Heliox's software for managing charging fleets and charger hardware will enhance Siemens' market position. The global market for electric bus and truck chargers is expected to grow by 45% annually over the next three years. The deal with Heliox is set to close on Thursday.

Plugzmart becomes first Indian startup to get ARAI nod for indigenous EV charger tech

YourStory

YourStory · 4m ago

Plugzmart becomes first Indian startup to get ARAI nod for indigenous EV charger tech

Plugzmart, an IIT-Madras-incubated startup, has achieved ARAI certification for its indigenously developed EV charger for heavy vehicles, featuring its own controller and Power Line Communication modules. This marks Plugzmart as the first Indian company to attain such certification for its components, emphasizing a reduction in import dependency. The 240kW DC fast charger caters to high-power EV demands, aligning with India's National EV Policy and promoting local manufacturing solutions, according to Founder and CEO Vivek Samynathan.

Vietnam's VinFast to set up $500 mln EV facilities in India

Reuters · 1y ago

Vietnam's VinFast to set up $500 mln EV facilities in India

Vietnamese electric vehicle (EV) maker VinFast has entered an agreement to establish its first manufacturing facilities in India with an investment of up to $2 billion. The project, in partnership with the state of Tamil Nadu, aims to start construction this year and generate 3,000 to 3,500 jobs locally. VinFast plans to make EV batteries in Thoothukudi, Tamil Nadu, and intends for the project to become a leading EV production hub in the region with an annual capacity of up to 150,000 vehicles. India is targeting 30% EV sales by 2030.

The 2024 all-electric Dodge Charger debuts with muscle car donuts, drifts and even a Hellcat rumble

TechCrunch · 1y ago

The 2024 all-electric Dodge Charger debuts with muscle car donuts, drifts and even a Hellcat rumble

Stellantis has unveiled two all-electric versions of the Dodge Charger, with features designed to appeal to muscle car enthusiasts, including a system that mimics the sound of a traditional V-8 engine. The EV coupes, the 2024 Charger Daytona Scat Pack and the Daytona R/T trim, are scheduled for production in mid-2024. These launches are part of Stellantis' plan to reduce its global carbon footprint and achieve net-zero carbon emissions by 2038. However, the company is not abandoning gas-powered vehicles altogether and plans to offer the next-generation Charger with internal combustion engines as well.

Rivian's big bet, Waymo goes driverless in Austin and the Chevy Blazer EV returns

TechCrunch · 1y ago

Rivian's big bet, Waymo goes driverless in Austin and the Chevy Blazer EV returns

Last week, Rivian unveiled three new electric vehicle (EV) models: the R1T pickup truck, R1S SUV, and the R2 compact EV. The author attended the event to get a closer look at the vehicles and spoke with executives, investors, and customers to gauge the sentiment surrounding the EV upstart. In addition, the article covers the financial update from Turo, GM's resumption of sales for the Chevrolet Blazer EV, and other EV-related news and developments. The writer also shares their experience driving the Rivian R1S SUV and testing the Rivian EV charger.

Tata Passenger Electric Mobility partners with HPCL to optimize EV charging infrastructure

IndianStartupNews

IndianStartupNews · 1y ago

Tata Passenger Electric Mobility partners with HPCL to optimize EV charging infrastructure

Tata Motors has joined forces with Hindustan Petroleum Corporation (HPCL) to enhance India's electric vehicle (EV) charging infrastructure. By utilizing HPCL's extensive fuel station network, and leveraging insights from Tata's EV fleet, the partnership aims to set up chargers at frequently visited locations by Tata EV owners. HPCL will also gather charger usage data to improve the customer experience. Additionally, both companies are considering launching a co-branded RFID card for convenient payment at charging stations. HPCL plans to install 5,000 EV charging stations by December 2024, supporting the adoption of EVs in India.

NIKOL EV raises funding from EvolveX, others to fill the gap in India's EV charging infrastructure

IndianStartupNews

IndianStartupNews · 1y ago

NIKOL EV raises funding from EvolveX, others to fill the gap in India's EV charging infrastructure

Pune-based EV charging infrastructure startup NIKOL EV has raised an undisclosed amount in a pre-seed funding round led by EvolveX. The funding will be used to strengthen the team and develop a hybrid charger capable of charging 2-wheelers, 3-wheelers, and 4-wheelers simultaneously. NIKOL EV aims to bridge the gap in India's EV charging infrastructure and plans to install 1 lakh EV charging stations by 2030. EvolveX's investment comes as insufficient charging infrastructure continues to hinder the widespread adoption of electric vehicles in India.

EV charger networks are turning to Tesla standard as support accelerates

TechCrunch · 2y ago

EV charger networks are turning to Tesla standard as support accelerates

EV charger networks are increasingly adopting the Tesla standard as support for it gains momentum. Companies like ChargePoint and EVgo are embracing the Tesla Connector, allowing Tesla vehicles to charge on their networks without an adapter. This move aims to enhance convenience and accessibility for Tesla owners and signifies a broader industry shift towards standardized charging solutions for electric vehicles. The industry group behind the CCS charging standard has wavered, giving its support to the Tesla EV charging standard.

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