Kabra Extrusion Technik soars ~15% on joining forces with Hero Electric

21 Nov 2022 , 12:11 PM

Kabra Extrusion’s Battrixx has inked an agreement with Hero Electric, India’s largest E2W company, to develop “Made in India” Lithium-ion batteries. These are the latest technology batteries that power Hero Electric’s entire e-scooter line, which was conceptualised and designed in-house with Hero’s R&D team.

This collaboration advances battery safety, reliability, and performance while fully supporting Hero’s aggressive production line-up to meet rising e2W demand.

Thanks to its new advanced cell chemistry pack designs, Battrixx will power Hero Electric Scooters. This will be a very strategic collaboration for the development and production of advanced cell chemistry battery packs. According to Hero Electric’s projections, the target for the next fiscal year is to supply 300,000 battery packs and chargers.

These batteries are compliant with the most recent AIS 156 amendments, which cover IP67 Thermal Protection, A/V Warning Systems, smart BMS, and IoT Live Data Tracking. Battrixx includes an intelligent battery that communicates with the vehicle, controller, battery, and charger.

Battrixx is a subsidiary of Kabra Extrusiontechnik Ltd. (KET), which is part of the Rs1,500 crore Kolsite Group. Battrixx is well-positioned to offer a wide range of advanced Lithium-ion battery packs with smart Battery Management Systems (BMS) to power India’s transition to green energy storage and electric transportation.

At around 12.17 PM, Kabra Extrusion Technik Ltd is currently trading at Rs474.75 up by 14.91% from its previous closing of Rs413.15 on the BSE. The scrip touched intraday high and low of Rs482 and Rs409.85 respectively.

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