Varos, the battery division of Kabra Extrusiontechnik, a part of Kolsite Group, has been making inroads into the two and three-wheeler EV segment
Lithium-ion battery maker Battrixx has acquired complete stake in Pune-based Varos Technology Pvt. Ltd.
Although the deal amount has not been specified, the company said that to create synergy between Battrixx‘s products and services, Varos Technology will anchor its capabilities to develop end-to-end battery management systems by leveraging cloud-based Artificial Intelligence (AI)-driven analytic tools to help predict battery life and monitor battery performance.
Varos, the battery division of Kabra Extrusiontechnik, a part of Kolsite Group, has been making inroads into the two and three-wheeler EV segment.
The Machine Learning (ML) algorithms will provide constant inputs in adjusting and improving battery performance,” it added.
“We expect very strong business synergies to be generated through this acquisition. Our 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 Mr. Anand Kabra, Vice Chairman and Managing Director, Kabra Extrusiontechnik.
