Livguard has acquired Emuron Technologies, a player in Battery Swapping and Battery Intelligence Solutions for 2 and 3-Wheeler Electric Vehicles (EVs). The strategic move enhances Livguard's standing in the evolving 2 & 3-wheeler EV market, aligning with its broader commitment to the energy transition.
Emuron Technologies brings a proprietary portfolio of advanced battery swapping and IoT solutions tailored for 2 and 3-wheel EVs. Livguard, recognised for its expertise in inverters, automotive batteries, solar solutions, and lithium batteries, anticipates that this acquisition will further strengthen its position in the dynamic EV landscape.
Rakesh Malhotra, Founder of Livguard, emphasized the pivotal role of Battery Swapping in accelerating EV adoption in India. He stated, 'Acquiring Emuron Technologies will help us in leveraging their battery swapping technology alongside our battery expertise. Our comprehensive solutions, combined with our EV subsystems portfolio, position us as a one-stop shop for all 2 and 3-Wheeler EV OEMs.'
Gurpreet Bhatia, CEO, Livguard, expressed anticipation for a long-term strategic partnership, aiming to co-create a unique energy services ecosystem for the 2 and 3-wheeler EV industry. He highlighted the shared vision of achieving Net-Zero Mobility.
Kunal Garg, Co-Founder and CEO, Emuron Technologies, shared his delight about the collaboration. He mentioned, 'This partnership allows us to rapidly deploy battery swapping stations, leveraging Livguard’s pan-India distribution and service network. We aim to manufacture cost-competitive solutions through Livguard’s well-established supply chain ecosystem.”
This acquisition represents a significant milestone in Livguard's commitment to sustainable mobility in the 2 and 3-Wheeler EV sector. The SAR Group, encompassing Livguard, LivPure, Livfast, Mooving, etc., recently entered the electric two-wheeler market with Lectrix EV, further diversifying its presence in the electric mobility space.