Jupiter Wagons Expands Electric Mobility with Acquisition of Log9’s Battery Technology

On October 30, 2024, Jupiter Wagons Limited (JWL), a leading mobility solutions provider across rail, road, and marine transport, announced a strategic acquisition of Log9’s Railway and Electric Battery technology. This acquisition is part of a significant growth effort for Jupiter Electric Mobility (JEM), a JWL subsidiary aimed at advancing electric mobility in India.

Strengthening JEM’s Electric Mobility Vision

JEM has acquired Log9’s battery technology and business assets, particularly for their Railway and Electric Truck Battery Divisions. This move allows JEM to offer cutting-edge battery solutions for both electric trucks and Indian Railways, a critical step in supporting India’s electric vehicle (EV) transformation. The acquisition also brings in Log9’s engineering and production teams, who will join JEM’s workforce, bringing added expertise.

Addition of Advanced Manufacturing Facility in Bangalore

Included in the acquisition is Log9’s manufacturing plant in Devanahalli, Bangalore. This state-of-the-art facility will help JEM to boost its manufacturing capabilities, reinforcing its status in the electric mobility market. With the facility, JEM gains the infrastructure needed to produce advanced battery solutions in-house, allowing for improved quality and quicker production.

Enhanced Battery Production for Electric Trucks

This acquisition enables JEM to integrate battery production for its electric light commercial vehicles (eLCVs). With this backward integration, JEM can develop and manufacture battery solutions tailored to its specific vehicle requirements, strengthening its competitive edge in the rapidly growing EV market.

Expanded Opportunities in Indian Railways

JEM’s acquisition also broadens Jupiter Wagons’ reach within Indian Railways. By incorporating Log9’s railway battery technology, JEM is well-positioned to supply a variety of applications for railway systems in India. JEM and Log9 have already piloted battery products successfully with Indian Railways and recently secured an order for Vande Bharat train batteries in partnership with Siemens.

With this acquisition, Jupiter Wagons and JEM are set to play a pivotal role in advancing India’s electric and sustainable mobility landscape.

On October 31, 2024, Jupiter Wagons Limited share price opened at ₹492.85 and touched the day high of ₹522.00 at 09:50 AM on the NSE. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.