Mercury EV-Tech Ltd arm gets AIS-156 Phase-II Certification for Battery Pack used in Ultra High-Speed 2W Bikes

Mercury EV-Tech Limited (formerly known as Mercury Metals Limited) engaged in developing of innovative and advanced electric mobility solutions in India. Powermetz Energy Private Limited, a subsidiary of Mercury EV-Tech Limited has received India's first AIS 156 Phase-II Certification for Battery Pack used in Ultra High-Speed 2-Wheeler (2W) bikes coupled with Battery Management System (BMS) from Reliance lio certified with our battery pack with contractor based high discharge technology.

Mercury EV-Tech Limited through its 80% owned subsidiary Powermetz Energy Private Limited has received India's First AIS-156 Phase-II Certification for the battery pack to be used in Ultra High-Speed 2W bikes coupled with Battery Management System (BMS) from Reliance lio certified with our battery pack with contractor based high discharge technology.

This certification is a testament to the Company's capability to develop Lithium-lon Phosphate (LiFePo4) battery packs for Ultra High-Speed 2W bikes with a capacity of 54 Ah that meets global standard for safety and performance mandated by Ministry of Road Transport and Highways and issued by Automotive Research Association of India (ARAI).

The Battery Pack will be used for captive consumption as well as to supply to other OEMs in the market, showcasing our ability to deliver cutting-edge electric mobility solutions in evolving EV market.

Commenting on the update, CEO of Batteries "Mr. Darshan Shah" stated: "I am pleased to announce that one of the key components of Electric Vehicle, the battery pack for Ultra High-Speed 2W developed by our subsidiary, Powermetz Energy Private Limited has received AIS-156 phase-I| certification. The Ultra High-Speed 2-Wheeler bikes, backed by the credibility of the AIS 156 Phase-II Certification, will instil trust and confidence among our customers, further driving the demand and brand value of our EVs.

Battery packs have been designed and manufactured with the utmost care and attention to detail. Our unwavering commitment to quality and innovation is reflected in every aspect of our battery development process, from research and design to testing and manufacturing.

Moreover, the certification also paves the way to establish strategic partnerships and collaborations with key stakeholders in the industry, including dealerships, distributors, and charging infrastructure providers. The company's proven commitment to safety and performance standards will attract potential business partners who are keen on aligning themselves with a trusted and reliable brand.

As we look ahead to the future of the Indian EV market, we are excited about the potential it holds for innovation and growth. We are committed to create an ecosystem comprising of all key EV components like battery, chassis, motor, paint job and assembly under one facility to produce high-quality, sustainable electric vehicles. By bringing together all the key components of EV production under one roof, we can reduce costs, increase efficiency, and accelerate innovation.

I believe that EV holds the potential to revolutionize the automobile industry, and Mercury EVTech ltd. is dedicated to play a major role in shaping that future. I thank all our stakeholders for their unwavering support and look forward to the exciting opportunities that will shape us ahead."

Shares of Mercury Metals Limited was last trading in BSE at Rs. 27.42 as compared to the previous close of Rs. 28.86. The total number of shares traded during the day was 154042 in over 513 trades.

The stock hit an intraday high of Rs. 27.42 and intraday low of 27.42. The net turnover during the day was Rs. 4223831.00.

Source : Equity Bulls

Keywords

MercuryEVTech INE763M01028 PowermetzEnergy Certification AIS156 Phase2 BatteryPack