Neuron Energy, a leading manufacturer of lithium-ion batteries for electric two-wheelers and three-wheelers, has announced a strategic partnership with Hexall Motors to supply custom-designed battery packs for a groundbreaking new electric vehicle (EV) from Hexall Motors.
Hexall Motors has unveiled an innovative L5 category vehicle featuring a double front wheel, a design that has been patented and approved by the Automotive Research Association of India (ARAI). This pioneering design is poised to transform the EV market. Under this partnership, Neuron Energy will supply 1,000 bespoke battery packs to Hexall Motors over the next year, beginning in June 2024.
This collaboration is projected to generate an annual revenue of ₹20 crore for Neuron Energy. The supplied battery packs are 16 KWR fast-charging high-speed units, specifically engineered for light commercial vehicles (LCVs). Neuron Energy has meticulously tailored these battery packs to meet the unique requirements of Hexall Motors’ new vehicle, ensuring optimal performance and efficiency.
![Pratik Kamdar](https://themachinemaker.com/wp-content/uploads/2024/05/Pratik-Kamdar.jpg)
“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.”
Devesh Parekh, Co-Founder of Hexall Motors, highlighted the importance of this collaboration: “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, offers substantial cargo volume, making it an ideal 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.
This strategic alliance between Neuron Energy and Hexall Motors is expected to drive significant advancements in the EV market, particularly in the LCV segment, and is a testament to the innovative spirit and forward-thinking approach of both companies.