Livguard has acquired Emuron Technologies, an battery swapping and battery intelligence solutions provider for electric two- and three-wheelers.
The company has a proprietary portfolio of battery swapping and IoT solutions tailored for two- and three-wheelers.
Livguard on the other hand, is an established player working in the field of inverters, automotive batteries, solar solutions, and lithium batteries, and this acquisition will further strengthen its position in the energy transition two- and three-wheelers.
Rakesh Malhotra, Founder, Livguard said, “We firmly believe that battery swapping will play a pivotal role in accelerating the adoption of electric two- and three-wheelers 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 two- and three-wheeler EV OEMs.”
Gurpreet Bhatia, CEO, Livguard said, “We look forward to this long-term strategic partnership between Livguard and Emuron. This partnership will help co-create a unique energy services eco-system for the two- and three-wheeler EV industry.”
Kunal Garg, Co-Founder and CEO, Emuron Technologies said, “We are delighted to strategically partner with Livguard. This collaboration allows us to rapidly deploy battery swapping stations, leveraging Livguard’s all-India distribution and service network. We aim to manufacture cost-competitive solutions through Livguard’s well-established supply chain ecosystem.”
The SAR Group has many brands under its canopy like Livguard, LivPure, Livfast and Mooving among others.
The group also recently ventured into the electric two-wheeler space under the Lectrix EV brand.
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