ADVIK acquires assets of Aceleron Energy Ltd. to expand into electric vehicle and EV storage systems space
Acquiring Company
ADVIK
Acquired Company
Aceleron Energy Ltd
PuneManufacturingInformation TechnologyOil And GasAutomotiveManufacturingEnergyRenewable EnergyDescription
Pune-based automotive component manufacturer, ADVIK, has acquired the business assets of Aceleron Energy Ltd., indicating its entry into the electric vehicle and EV storage systems space. The acquisition aims to expand ADVIK's product range and customer base, integrating Li-Ion battery technology into its portfolio and enhancing the development of next-gen energy storage solutions.
Quick answer
ADVIK is acquiring Aceleron Energy Ltd, announced April 8, 2024. ADVIK is based in Pune, Maharashtra, India.
- How much did ADVIK pay for Aceleron Energy Ltd?
- The deal value was not disclosed.
- What does ADVIK do?
- ADVIK is a Pune-based automotive component manufacturer with annual sales of more than 100 million USD.
- Where are ADVIK and Aceleron Energy Ltd based?
- ADVIK is based in Pune, Maharashtra, India.
Source: Fundz verified event record.
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Frequently asked
Who acquired Aceleron Energy Ltd?
Aceleron Energy Ltd was acquired by ADVIK, based in Pune. The deal was reported on April 8, 2024. ADVIK is a Pune-based automotive component manufacturer with annual sales of more than 100 million USD. ADVIK is privately held and operates in Manufacturing.
When did ADVIK acquire Aceleron Energy Ltd?
ADVIK's acquisition of Aceleron Energy Ltd was reported on April 8, 2024. Pune-based automotive component manufacturer, ADVIK, has acquired the business assets of Aceleron Energy Ltd., indicating its entry into the electric vehicle and EV storage systems space. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Aceleron Energy Ltd do?
Aceleron Energy Ltd. is a UK-based advanced Li-ion battery company specializing in electric vehicle and EV storage systems. It offers patented technology, testing, and prototyping facilities in the UK. It is privately held, operating in Manufacturing.
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