Jupiter Electric Mobility acquires assets of Log 9’s railway and e-truck battery divisions • EVreporter

Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons Limited (JWL) announced an acquisition of Bangalore-based Log9 Materials’ technology and business assets for its Railway Battery and Electric Truck Battery Divisions. JWL is a leading provider of mobility solutions encompassing rail, road, and marine transportation. JEM will also acquire Log9’s manufacturing facility in Devanahalli, Bangalore.

The acquisition includes the engineering and production teams dedicated to railway and electric truck battery technologies, who will now become part of JEM’s workforce.

This merger enhances JEM’s capabilities in the electric truck segment by enabling backward integration into battery production—an essential component of its electric light commercial vehicles (e-LCVs). For Jupiter Wagons Limited, JEM’s acquisition of Log9’s railway battery technology is an expansion of its Railways Product Landscape. By adding this battery division, JEM is positioned to support a range of applications in the Indian Railways segment.

Notably, JEM and Log9 have already piloted battery products with Indian Railways, recently securing an order for Vande Bharat batteries in collaboration with Siemens.

Mr. Vivek Lohia, Managing Director, JWL, stated, “This acquisition is more than a transaction; it’s an investment in JEM’s future. By integrating Log9’s technology and production capabilities into our portfolio, we’re able to expand our expertise in electric mobility and railways while reinforcing our dedication to sustainable and innovative energy solutions.”

JEM is expected to launch its debut e-LCV ‘Tez’ in Dec 2024.