Battrixx to supply advanced lithium-ion battery packs designed by BGauss for its high-speed electric scooters

Battrixx, the battery division of Kabra Extrusiontechnik Limited (KET), will be supplying the advanced range of lithium-ion battery packs with smart batteries designed by BGauss for its range of high-speed e-two-wheelers. With this deal, Battrixx will be equipping 50,000 BGauss e-two-wheelers with its cutting-edge battery packs, thereby strengthening the company's resolve to power the growth of India's transition to green energy storage and electric transportation.

Talking about the deal, Mr Anand Kabra, Vice Chairman & Managing Director, Kabra Extrusiontechnik Limited said: "Electric mobility in India continues to gain momentum with the EV two-wheeler industry seeing a 132% growth in sales last year. We are onboarding new customers each month and we are glad to associate with BGauss to power their high-speed e-two-wheelers which will enable a revolution in the high-speed two-wheeler space."

Adding to it, Anand shared, "This is world-class technology that we are bringing to the Indian electric vehicle consumers and we are glad that BGauss is associating with us at this juncture. We look forward to serving the Indian consumers and offering them with more such innovative solutions."

Sharing his thoughts on the association, Mr Hemant Kabra, Director RR Global & Founder and Managing Director, BGauss, said: "Our range of high-speed electric mobility vehicles will be powered by Battrixx's Advanced Lithium-Ion battery packs designed by BGauss engineers, and we are glad that the synergies between our companies are working perfectly. We are excited to have Battrixx on board with us and we are pleased that an Indian company is building it with a cutting-edge, innovative solutions. We look forward to a rewarding association with Kabra Extrusiontechnik Limited and will continue to work towards solutions that are sustainable and can support the push towards sustainable solutions in the mobility and transportation sector."

Shares of Kabra Extrusion Technik Limited was last trading in BSE at Rs. 485.80 as compared to the previous close of Rs. 458.65. The total number of shares traded during the day was 23954 in over 1719 trades.

The stock hit an intraday high of Rs. 489.90 and intraday low of 445.00. The net turnover during the day was Rs. 11262110.00.

Source : Equity Bulls

Keywords

KabraExtrusionTechnik INE900B01029 Battrixx LithiumIonBattery BGauss eTwoWheelers