New Delhi: Advik, an automotive component manufacturer, has recently completed the acquisition of the business assets of the UK-based Aceleron Energy Ltd., a company known for its advanced Li-ion batteries. With this Advik forays into the Electric Vehicle (EV) and Energy Storage System (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.
Under the management of its UK subsidiary, Advik Technologies Limited, the acquisition integrates state-of-the-art Li-ion battery technology into Advik’s offerings. This technology, renowned for its…
