Livguard announces strategic acquisition of Emuron Technologies – A Battery Swapping and Battery Intelligence Solutions for 2 and 3-wheeler Electric Vehicles (EVs) company. The latest acquisition of Emuron Technologies by Livguard restates the company’s growing focus towards sustainable mobility in the 2 and 3-Wheeler EV segment.
Emuron Technologies brings along a major battery swapping and IoT solutions portfolio completely tailored for 2 and 3-wheel EVs.
Highlighting about the latest acquisition, Rakesh Malhotra, Founder of Livguard, said, “We firmly believe that Battery Swapping will play a pivotal role in accelerating the adoption of 2 and 3-wheeler EVs in India. 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, Chief Executive Officer of Livguard, stated, “We look forward to this long-term strategic partnership between Livguard and Emuron. This partnership will help co-create a unique energy services ecosystem for the 2 and 3-wheeler EV industry. This would enable the realization of our shared vision towards Net-Zero Mobility.”
Kunal Garg, Co-Founder and CEO of Emuron Technologies shared, “We are delighted to strategically partner with Livguard. This collaboration 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.”
Livguard is an established brand in inverters, automotive batteries, solar solutions, and lithium batteries, and this acquisition will further strengthen its position in the energy transition to the 2 & 3-wheeler EV market.
The SAR Group recently ventured into the electric two-wheeler market with Lectrix EV.