Shardul Amarchand Mangaldas Advises Jupiter Electric Mobility On Acquisition Of Technology And Business Assets Of Log 9 Materials Scientific

The transaction team was led by Abhishek Guha, Partner; Mahesh Wasadikar, Partner; Yash Modi, Senior Associate and Deesha Vyas, Associate and was assisted by Hemant Krishna, Partner and Dhruv Khanna, Associate.

 

06 November 2024 | New Delhi: Shardul Amarchand Mangaldas & Co. advised Jupiter Electric Mobility Private Limited (JEM) a subsidiary of Jupiter Wagons Limited (“JWL”) on the acquisition of the technology and business assets of Log 9 Materials Scientific Private Limited(“LMSPL”) for its Railway Battery and Electric Truck Battery Divisions. The deal was signed on 30th October 2024.

 

This acquisition marks a advancement in JEM’s mission to revolutionize the electric mobility landscape in India by expanding its portfolio with cutting-edge battery solutions tailored for both the electric truck segment and Indian Railways.

 

The transaction team was led by Abhishek Guha, Partner; Mahesh Wasadikar, Partner; Yash Modi, Senior Associate and Deesha Vyas, Associate and was assisted by Hemant Krishna, Partner and Dhruv Khanna, Associate.

 

KPMG advised JWL on the tax aspects.

Also Read

Stay in the know with our newsletter