Log9 unveiled Amphion, an EV asset management solution, and NexMile, a commercial EV battery pack, at Day Zero 2024 • EVreporter

Log9, a start-up company specializing in battery cell technology and EV mobility products, recently revealed a significant change by renaming its mobility business as Amphion, focusing on EV asset management. This announcement took place during Log9’s annual event, Day Zero 2024, with notable attendees including Mr. Narayana Murthy, former CEO and Co-Founder of Infosys, and Mr. Sonam Wangchuk, an Education Reformist and Climate Activist who served as the Guest of Honour.

As per the official statement, Amphion aims to address challenges in the commercial EV industry, including financing, data analytics, charging infrastructure, and energy efficiency. Its suite of services caters to stakeholders across the EV ecosystem, offering solutions to optimize asset utilization, minimize downtime, and ensure cost-effective operations.

Speaking at the occasion, Dr. Akshay Singhal, Founder & CEO, Log9 said, “Day Zero 2024, our Foundation Day’s 9th edition, was a groundbreaking milestone as we unveiled Amphion. This represents a major leap forward in addressing reliability, servicing, financing, charging infrastructure, business insight, and energy efficiency through a data-driven approach. I’m thrilled about the transformative opportunities Amphion will offer fleet operators. This Day Zero signifies the commencement of a new journey, not just for us, but for an entire ecosystem.”

In addition to the Amphion launch, Log9 introduced Nexmile, a new battery designed for commercial electric vehicles. Nexmile offers features such as extended battery life, a 5-year warranty, faster charging, and a real-world range of 120 kilometers. Log9 currently operates about 2500 EV assets on the road, connecting 600 charging stations, and manages assets worth 100 crore for over 150 fleets. The company achieves a servicing turnaround time of 2.7 days and experiences steady growth of 20-30% month-on-month.

Addressing the event, Mr. Kartik Hajela, Co-Founder & COO, Log9 said, “After two years of dedicated effort, we are thrilled to present Amphion in all its depth and dimension. With Amphion, we are poised to seamlessly integrate OEMs, CPOs, financiers, insurers, and recyclers into a cohesive ecosystem, driving efficiency and sustainability in the EV industry. We are confident that Amphion will pave the way for a new era of interconnectedness and progress. We aim to be the leading EV Asset Management Company not just in India but globally”

Sharing insights during the occasion, Mr. Pankaj Sharma, Co-Founder, Log9 said, “Day Zero 2024 marked a momentous occasion for Log9 as we proudly showcased the comprehensive scope of our groundbreaking work. From pioneering advancements in technology to forging various national and international partnerships. Our enthusiastic engagement with our partners further bolsters our commitment to driving positive change and shaping a better future. At Log9, we are dedicated to leading the way towards a brighter tomorrow.”

Also read: Log9 Materials receives BIS certification for LTO batteries