Jupiter Wagons arm acquires Log9’s railway & electric truck battery divisions; shares rally 7%

The acquisition includes the engineering and production teams dedicated to railway and electric truck battery technologies, who will now become part of JEM’s dynamic workforce. Additionally, JEM will acquire Log9’s state-of-the-art manufacturing facility located in Devanahalli, Bangalore, further reinforcing its position as a leading player in India’s electric mobility ecosystem.

This strategic merger enhances JEM’s capabilities in the electric truck segment by enabling backward integration into battery production - an essential component of its electric light commercial vehicles (e-LCVs). With this addition, JEM will be better equipped to design, engineer, and produce in-house battery solutions, strengthening its position in a highly competitive market.

For Jupiter Wagons, JEM’s acquisition of Log9’s railway battery technology is a pivotal expansion of its Railways Product Landscape. By adding this vital battery division, JEM is positioned to support various applications in the Indian Railways segment. Notably, JEM and Log9 have already seen success in piloting battery products with Indian Railways, recently securing an order for Vande Bharat batteries in collaboration with Siemens.

Jupiter Wagons is a leading company providing complete mobility solutions with a rich legacy of over four decades.