Mumbai,May 27, 2024 – Neuron Energy, a leading manufacturer of lithium-ion batteries for electric two-wheelers and three-wheelers, is proud to announce a strategic partnership with Hexall Motors. This collaboration marks a significant milestone in the electric vehicle (EV) industry with the introduction of a groundbreaking product from Hexall Motors.
Hexall Motors has unveiled a pioneering L5 category vehicle featuring a double front wheel, the first of its kind in the world. This innovative design, which has been patented and approved by the Automotive Research Association of India (ARAI), is set to revolutionise the market. As part of this partnership, Neuron Energy will supply 1000 custom-designed battery packs to Hexall Motors over the next year, starting from June 2024.
The collaboration is expected to generate an annual revenue of ₹20 crore for Neuron Energy. The supplied battery packs are 16 KWR fast charging high-speed units, specially engineered for light commercial vehicles (LCVs). Neuron Energy has tailored these battery packs to meet the unique requirements of Hexall Motors’ new vehicle, ensuring optimal performance and efficiency.
“We are thrilled to partner with Hexall Motors on this innovative project,” said Pratik Kamdar, CEO & Co-Founder of Neuron Energy. “Our advanced battery technology will provide the necessary power and reliability for Hexall’s new double front wheel EVs, supporting their vision of transforming urban mobility. By leveraging our innovative battery packs, this partnership paves the way for future growth and expansion in our business. It underscores our commitment to pushing the boundaries of what is possible in the electric vehicle industry.”
Highlighting the importance of this collaboration, Devesh Parekh, Co-Founder of Hexall Motors, stated, “For any EV vehicle company, having robust energy storage systems and battery packs is crucial, as they represent almost half the cost of the electric vehicles and are critical for overall performance. Our vehicles are very different and new in this category, with unique configurations. Therefore, we needed special battery packs with advanced Battery Management Systems (BMS), high-speed charging, and a higher range to meet the needs of our vehicles. We sought a partner who could work collaboratively with us and understand our technology. With Neuron Energy’s battery packs, we found exactly that. Neuron Energy developed a product that perfectly met our requirements, making this partnership very critical for us.”
Hexall Motors’ new vehicle, set to debut in the Delhi NCR region, boasts several advantages. It offers substantial cargo volume, making it the preferred choice for last-mile delivery companies, particularly for transporting electronic goods and oversized cargo. With a container depth of 8.5 feet, it stands out as one of the largest in its segment. The double front wheel design enhances stability, providing a safer and more reliable option for urban transportation.
Neuron Energy continues to lead the market in providing cutting-edge battery solutions, being the only player to offer battery packs for front double wheel vehicles. This partnership with Hexall Motors underscores Neuron Energy’s commitment to innovation and sustainability in the electric vehicle industry.
About Neuron Energy:
Neuron Energy is a leading manufacturer of electric vehicle (EV) batteries, offering a comprehensive range of electric mobility solutions spanning from lead-acid to advanced lithium-ion and sodium-ion technologies, covering a wide array of applications beyond traditional vehicles. With a focus on innovation and quality, Neuron Energy aims to revolutionise the EV industry by delivering high-performance battery solutions.
About Hexall Motors:
Hexall Motors Pvt. Ltd. is a bootstrapped startup founded in July 2022, aimed at transforming the electric mobility segment. Driven by a team with over 114 man-years of combined experience in the automotive industry, spanning R&D, engineering, product planning, testing, CAD-CAE, production, and certification, Hexall Motors is poised to revolutionise electric vehicles. The company offers a comprehensive range of affordable and efficient electric vehicles across categories like three-wheelers, four-wheelers, trucks, buses, light and heavy commercial vehicles. Leveraging cutting-edge technologies and deep industry knowledge, Hexall Motors develops innovative solutions tailored to evolving mobility needs.
