Neuron Energy, a prominent manufacturer of lithium-ion batteries for electric two-wheelers and three-wheelers, has entered into a partnership with Hexall Motors to supply battery packs for its pioneering L5 category vehicle. This vehicle features a unique double front wheel design, making it the first of its kind globally.
This innovative design has been patented and approved by the Automotive Research Association of India (ARAI). As part of this collaboration, Neuron Energy will supply 1000 custom-designed battery packs to Hexall Motors over the next year, starting from June 2024, according to the company.
The partnership is expected to generate an annual revenue of INR 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, as stated in a media release by the company.
“We are thrilled to partner with Hexall Motors on this innovative project,” said Pratik Kamdar, CEO and co-founder of Neuron Energy. “Our advanced battery technology will provide the necessary power and reliability for Hexall’s new double front wheel EVs. By leveraging our innovative battery packs, this partnership paves the way for future growth and expansion in our business.”
Devesh Parekh, co-founder of Hexall Motors, said, “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, slated for its debut in the Delhi NCR region, offers several advantages. It boasts a 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 innovative double front wheel design enhances stability, providing a safer and more reliable option for urban transportation, according to the release.
Neuron Energy continues to lead the market by providing cutting-edge battery solutions, being the sole player to offer battery packs for front double wheel vehicles, the release further added.