Exicom acquires US EV charging company Tritium for Rs 310 cr
Technology tamfitronics SynopsisTechnology tamfitronics Exicom has acquired US-based Tritium for USD 37 million, marking a significant expansion in the EV charging sector. The company is setting up a manufacturing unit in Hyderabad, operational by 2025, to leverage Tritium’s DC fast charging technology. This move aims to enhance Exicom’s global standing and operational capabilities.Representative ImageHome grown EV charging solutions firm Exicom has acquired US-based DC fast charging technology company Tritium for USD 37 million, or about Rs 310 crore, a senior company official said. Exicom managing director Anant Nahata told PTI that the company is setting up a manufacturing unit in Hyderabad where it will use DC (Direct Current) fast charging technology of Tritium to develop solutions for electric vehicles. The Hyderabad facility is expected to be operational by the end of 2025. "This strategic investment...
