UK Lithium-Ion Battery Maker Aceleron Energy's Business Assets Acquired by Advik

Pune-based Advik, a prominent player in the automotive supply industry, has finalized a significant acquisition, acquiring the business assets of Aceleron Energy, an innovative lithium-ion battery company headquartered in the UK. This strategic maneuver marks Advik's foray into the burgeoning sectors of electric vehicles (EVs) and energy storage systems (ESS), seamlessly aligning with its established trajectory of growth and expansion. With this acquisition, Advik sets its sights on broadening its product portfolio and customer base, driving forward the development of cutting-edge energy storage solutions poised to shape the future of sustainable transportation and energy management.

Under the purview of Advik Technologies, its UK-based subsidiary, the management of this acquisition will be meticulously executed. By integrating state-of-the-art lithium-ion battery technology from Aceleron Energy into its offerings, Advik anticipates a substantial enhancement in its capabilities and market competitiveness. Aditya Bhartia, the Managing Director of Advik, expressed profound enthusiasm for this acquisition, underscoring its pivotal role in ushering in a sustainable future powered by clean energy.

Beyond the acquisition of patented technology, Advik gains access to advanced testing and prototyping facilities in the UK, complementing its extensive network spanning across 10 manufacturing plants. The technology procured through this acquisition is poised to revolutionize lithium-ion battery design by eliminating the need for welding, thereby facilitating enhanced reusability and scalability. Engineered to support a circular economic model, this innovation holds the promise of making energy storage products more accessible by prolonging battery life and minimizing wastage, thus addressing key sustainability concerns.

In anticipation of robust growth in electrification across diverse mobility segments, encompassing two-wheelers, three-wheelers, passenger vehicles, and stationary energy storage systems, Advik stands prepared to capitalize on emerging opportunities in the market. This strategic maneuver underscores Advik's unwavering commitment to innovation and sustainability, positioning the company as a pivotal player in the rapidly evolving landscape of electric mobility and energy storage solutions.

Aceleron, a distinguished clean technology enterprise, emerged from the innovative efforts of co-founders Amrit and Carlton. Their journey commenced with the meticulous dismantling and testing of numerous battery packs, leading to a profound realization: existing battery designs lacked provisions for maintenance. Foreseeing a future burdened by excessive battery waste, they embarked on a mission to engineer a battery pack with sustainability at its core.

ADVIK Hi-Tech Private Limited (AHPL) stands as a premier automotive component manufacturer in India and globally. Over the past 12 years, we have diligently served a diverse clientele, spanning domestic and international markets across four continents. Our expertise extends to various segments, including two-wheeler, stationary, engine, and transmission systems, catering to the dynamic requirements of our valued customers.