Log9 launches EV asset management company Amphion, commercial electric vehicle battery Nexmile

Log9, developer of advanced battery cell technology and EV Mobility Ecosystem products, has announced the rebranding of its mobility business as 'Amphion' — a full-stack EV asset management company. The grand unveiling of Amphion took place at Day Zero 2024, Log9's annual event.

As per the company, Amphion will address critical challenges faced by the commercial electric vehicle (EV) industry, including financing, data and  analytics, charging infrastructure, and energy efficiency. It added that from fleet operators to drivers, Amphion offers solutions that optimize asset utilization, minimize downtime, and ensure cost-effective operations for a successful transition to electric mobility.

Nexmile, a new battery specifically designed for commercial electric vehicles, with features such as 2X Longer Battery Life, 5 Year Warranty, 3X Faster Charging and 120 Kms real world range was also launched.

Speaking at the occasion, Dr Akshay Singhal, Founder & CEO, Log9, said, "Day Zero 2024, our Foundation Day's 9th edition, was a groundbreaking milestone as we unveiled Amphion. This represents a major leap forward in addressing reliability, servicing, financing, charging infrastructure, business insight, and energy efficiency through a data-driven approach. I'm thrilled about the transformative opportunities Amphion will offer fleet operators. This Day Zero signifies the commencement of a new journey, not just for us, but for an entire ecosystem."

Addressing the event, Kartik Hajela, Co-Founder & COO, Log9 said, “After two years of dedicated effort, we are thrilled to present Amphion in all its depth and dimension. With Amphion, we are poised to seamlessly integrate OEMs, CPOs, financiers, insurers, and recyclers into a cohesive ecosystem, driving efficiency and sustainability in the EV industry. We are confident that Amphion will pave the way for a new era of inter-connectedness and progress. We aim to be the leading EV Asset Management Company not just in India but globally."

Sharing insights during the occasion, Pankaj Sharma, Co-Founder of Log9, said, "Day Zero 2024 marked a momentous occasion for Log9 as we proudly showcased the comprehensive scope of our groundbreaking work. From pioneering advancements in technology to forging various national and international partnerships. Our enthusiastic engagement with our partners further bolsters our commitment to driving positive change and shaping a better future. At Log9, we are dedicated to leading the way towards a brighter tomorrow."

The chief guest at the event was Narayana Murthy, ex-CEO and co-founder of Infosys, who shared insights on key ingredients of building a sustainable company on strong pillars of culture and innovation.

Log9 runs around 2500 EV assets on road, connecting 600 charging stations, managing Rs 100 crore worth assets for over 150 fleets with a turn around time of 2.7 days on servicing needs and growing at 20-30 per cent month-on-month.