Advik, a manufacturer of automotive components, has recently finalized the purchase of the business assets belonging to Aceleron Energy Ltd., a renowned UK-based company recognized for its advanced Li-ion batteries. This strategic move marks Advik’s entry into the Electric Vehicle (EV) and Energy Storage System (ESS) sectors, in line with its expansion strategy.
By integrating Aceleron’s assets, Advik intends to diversify its product portfolio and expand its customer base, with a specific focus on advancing energy storage solutions for the future. According to the company, the incorporation of Aceleron’s assets under its UK subsidiary, Advik Technologies Limited, will integrate cutting-edge Li-ion battery technology into Advik’s offerings. Notably, this technology is acclaimed for its innovative design, which eliminates the need for welding, thereby enhancing battery reusability and scalability, and contributing to sustainability initiatives.
Aditya Bhartia, the Managing Director of Advik, expressed excitement about the acquisition, emphasizing its potential to drive progress toward a cleaner, more sustainable energy landscape. In addition to acquiring patented technology, Advik gains access to testing and prototyping facilities in the UK, which complement its existing network of manufacturing plants.
The adoption of Aceleron’s technology underscores Advik’s anticipation of growth in the electrification of various mobility segments, including two-wheelers, three-wheelers, and four-wheelers, as well as stationary energy storage systems. Leveraging this acquisition, Advik aims to establish itself as a frontrunner in innovation within the evolving landscape of energy storage and electric mobility.
