Battrixx acquires Varos Technology Pvt. Ltd. Varos is a company established to carve a blissful living experience via technology. It aims to achieve sustainable growth by producing profound services and products using IoT, Embedded Systems, and Electronics.
“We are excited to welcome Varos Technology and its capable team into the Battrixx family. The collaboration with Varos Technology follows a recent proposal of Finance Minister Nirmala Sitharaman for the formulation of a battery swapping policy for EV charging stations. We expect very strong business synergies to be generated through this acquisition.”
He added, “Battrixx’s vision of developing and producing green energy systems and solutions for OEMs as well as swapping station operators would be strengthened with strong IoT capabilities and tools of Varos,” said Anand Kabra, vice chairman, and managing director, Kabra Extrusiontechnik.”
Battrixx is the future technologies division of Kabra Extrusion, dedicated to developing and producing green energy systems and solutions that will power the growth of India’s transition into green energy storage and electric transportation. These noble objectives are epitomized by the brand’s flagship product – advanced lithium-ion battery packs and modules for e-vehicles.
