Neuron Energy and Hexall Motors Collaborate on Innovative L5 EVs
Neuron Energy, a prominent manufacturer of lithium-ion batteries for electric two-wheelers and three-wheelers, has entered into a significant partnership with Hexall Motors, an emerging innovator in the electric vehicle (EV) industry. As part of this collaboration, Neuron Energy will supply 1000 custom-designed battery packs to Hexall Motors over the next year, beginning in June 2024. This strategic alliance is projected to generate annual revenue of INR 20 crore for Neuron Energy.
The battery packs, designed specifically for light commercial vehicles (LCVs), are 16 KWR fast charging high-speed units. These advanced battery systems are engineered to meet the unique requirements of Hexall Motors’ pioneering L5 category vehicle, which features a patented double front wheel design.
This innovative design, approved by the Automotive Research Association of India (ARAI), is the first of its kind in the world and is set to debut in the Delhi NCR region.
Neuron Energy’s CEO and co-founder, Pratik Kamdar, expressed enthusiasm about the partnership, highlighting the importance of their advanced battery technology in providing the necessary power and reliability for Hexall’s new EVs. Devesh Parekh, co-founder of Hexall Motors, emphasized the critical role of robust energy storage systems and battery packs, which constitute nearly half the cost of electric vehicles and are vital for overall performance. Parekh noted that their vehicles’ unique configurations required specially tailored battery packs with advanced Battery Management Systems (BMS), high-speed charging, and extended range.
Hexall Motors’ new vehicle offers substantial cargo volume, making it an ideal choice for last-mile delivery companies, especially those 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 not only enhances stability but also provides a safer and more reliable option for urban transportation.
This partnership underscores Neuron Energy’s leadership in providing cutting-edge battery solutions and Hexall Motors’ commitment to innovation in the EV sector. Together, they are paving the way for future growth and expansion in the electric vehicle market.