Game-Changing Collaboration Aims to Simplify EV Charging Across India
Exicom Tele-Systems Limited has announced a strategic partnership with Lonage Technologies Private Limited to create a unified and accessible EV charging network in India.
Exicom Tele-Systems Limited has announced a strategic partnership with Lonage Technologies Private Limited to create a unified and accessible EV charging network in India. This collaboration aims to integrate Exicom's extensive charging solutions with Ionage's software platform, simplifying charger discoverability and enhancing operational efficiency for Charge Point Operators. The partnership is expected to facilitate seamless charging access for EV users across networks, addressing the challenges of charger accessibility and management. Exicom, with an installed base of 1.75 lakh chargers, is a leading EV charger manufacturer in the country.
The integration will provide real-time insights, remote diagnostics, and predictive maintenance, optimizing charging infrastructure for CPOs, fleet operators, OEMs, and real estate developers. Anshuman Divyanshu, CEO of EVSE business at Exicom, expressed excitement about the collaboration, stating it will simplify the EV charging experience and strengthen the EV charger ecosystem in India. Vimal Kumar V, CEO of Ionage, highlighted the partnership as a key step towards transforming the EV charging landscape, making it more accessible and reliable while promoting sustainable mobility.
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Exicom Tele-Systems Ltd, incorporated in 1994, is a prominent manufacturer of EV chargers and critical power components. The company operates on two primary business fronts: facilitating the electrification of transportation through its EV charging products and ensuring energy stability for digital communication infrastructure with power conversion systems and energy storage solutions. Exicom's product portfolio includes a range of EV chargers and critical power solutions, such as power converters and Li-Ion batteries. The company is expanding its manufacturing capabilities with a planned capex in Telangana and an upcoming integrated manufacturing plant in Hyderabad. Exicom has also increased its capacity for AC and DC fast chargers. Recent updates include the launch of home chargers on e-commerce platforms and the deployment of India's first liquid-cooled dispenser charger.
Exicom is also focusing on backward integration by manufacturing cell modules in India, reducing its reliance on imports. Exicom Tele-Systems Ltd has a market capitalization of Rs 1,946 crore. The 1-year return is -24.99 per cent. The 3-year return. The major public shareholder is Belgrave Investment Fund, holding 1.53 per cent
Disclaimer: The article is for informational purposes only and not investment advice.