Exicom acquires US EV charging firm Tritium for $37 million

  • Industry News
  • Oct 08,24
Tritium specialises in creating hardware and software for DC fast chargers, serving notable clients such as BP Pulse, ChargePoint, and Shell Recharge.
Exicom acquires US EV charging firm Tritium for $37 million

Exicom, an Indian company specialising in EV charging solutions, has acquired US-based Tritium, a leader in DC fast charging technology, for $37 million. Anant Nahata, Managing Director, Exicom  confirmed the acquisition and announced plans to establish a manufacturing facility in Hyderabad, which will leverage Tritium's technology to develop innovative electric vehicle solutions.

The new Hyderabad facility is anticipated to commence operations by the end of 2025. Nahata highlighted that this investment bolsters Exicom's international presence and enhances its operational capabilities in key markets, including the UK, the Netherlands, the US, and Australia.

With the acquisition, Exicom gains Tritium's workforce of 300 employees, aiming to drive innovation in the EV charging sector. Nahata noted that Tritium's chargers are well-suited for India's varied climate, thereby improving the reliability of local EV infrastructure.

Tritium specialises in creating hardware and software for DC fast chargers, serving notable clients such as BP Pulse, ChargePoint, and Shell Recharge. Exicom currently holds a 40% share in the residential EV charging market and a 25% share in public charging, collaborating with major automobile brands like Tata and Mercedes Benz.

The acquisition also includes Tritium's facility in Tennessee, with Exicom committed to expanding its manufacturing capabilities in India to meet the rising demand for advanced charging solutions. The company operates three manufacturing units and two research and development centres in India.
(TOI)

Related Stories

Automation & Robotics
Are IIOT sales strategies holding up adoption of Industry 4.0 in manufacturing?

Are IIOT sales strategies holding up adoption of Industry 4.0 in manufacturing?

As Industry 4.0 matures, Industrial IOT (IIOT) platforms will be the backbone of digital transformation. But adoption depends as much on how they are sold as on what they deliver, write R Jayaraman ..

Read more
Other Industrial Products
Vedanta Invests Rs 125 bn in Metal Manufacturing for EVs

Vedanta Invests Rs 125 bn in Metal Manufacturing for EVs

These funds will be used to expand aluminium, zinc, nickel, copper and steel capacity, strengthening electric vehicle (EV) supply chains and enabling India’s clean mobility transition.

Read more
Auto & Auto Components
How Technology is Powering Seamless EV Charging Experiences

How Technology is Powering Seamless EV Charging Experiences

The EV charging experience has transformed from fragmented and complex to user-friendly, driven by real-time data integration, seamless onboarding, and intelligent platforms, writes Raghav Arora, Co..

Read more

Related Products

Automotive Oil Pump

AUTO COMPONENTS & ACCESSORIES

Kalpak Auto Pvt Ltd offers a wide range of automotive oil pump.

Read more

Request a Quote

Tata Motors unveils facilities for development of Hydrogen propulsion tech

AUTO COMPONENTS & ACCESSORIES

Tata Motors, India?s largest automobile company, unveiled two state-of-the-art & new-age R&D facilities for meeting its mission of offering sustainable mobility solutions. The unveilings constitute of Read more

Request a Quote

Tata Motors plans petrol powertrain for Harrier and Safari SUVs

AUTO COMPONENTS & ACCESSORIES

Tata Motors is in the process of developing a new petrol powertrain for its premium sports utility vehicles, the Harrier and Safari, as confirmed by a senior company official. Currently, these models Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016