Akasol AG
Akasol AG is a Darmstadt-based German manufacturer of modular lithium-ion battery systems for commercial vehicles (buses, trucks) and industrial equipment, serving OEMs across Europe. Since February 2022 it operates as a wholly-owned subsidiary of BorgWarner Inc.
- Company typePrivate
- Founded1990
- HeadquartersDarmstadt, Germany
- Headcount5,001–10,000
- GTM typeB2B
- OfferingHardware or Manufacturing
What Akasol AG does
Akasol AG is a German manufacturer of lithium-ion battery systems headquartered in Darmstadt, founded in 1990. The company designs and produces modular high-power battery packs for commercial vehicles — including buses, trucks, and industrial equipment — and serves commercial vehicle OEMs and industrial equipment manufacturers across Europe. Its technology centers on liquid-cooled modular battery systems engineered for heavy-duty duty cycles, with pack-level integration of cells, thermal management, and vehicle-control interfaces.
Since its acquisition by BorgWarner Inc. on February 15, 2022, Akasol has operated as a wholly-owned subsidiary rather than as an independent listed entity (it was previously traded on ETR under the ticker ASL). The acquisition shifted Akasol's commercial identity into BorgWarner's broader electrification portfolio, with corporate communications, social media, and strategic positioning aligned to BorgWarner's brand.
The business model is B2B program-based: Akasol wins multi-year supply programs with commercial vehicle OEMs and industrial integrators, then delivers battery systems on a per-vehicle basis. Recent operational shifts include closure of a Michigan EV battery plant in April 2026 following federal withdrawal of climate-related grants, and relocation of high-voltage power transmission cable manufacturing to South Carolina. Leadership identified includes Curt Philipp Lorber (CFO), Bjoern Eberleh (VP Service & Head of Product Strategy), and Felix von Borck (Managing Director).
Akasol AG firmographics
Firmographics- Name
- Akasol AG
- Legal name
- AKASOL AG
- Website
- https://akasol.com
- Company type
- Private
- Founded year
- 1990
- Operating status
- Acquired
- Headcount range
- 5,001–10,000 employees
- Short description
- Akasol AG is a Darmstadt-based German manufacturer of modular lithium-ion battery systems for commercial vehicles (buses, trucks) and industrial equipment, serving OEMs across Europe. Since February 2022 it operates as a wholly-owned subsidiary of BorgWarner Inc.
- Ownership category
- akta.pro rank
Akasol AG industry classification
Industry- Product category
- Commercial Vehicle Battery Systems
- NAICS
- Battery Manufacturing (33591)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Battery Pack & Module Manufacturing (EV) (IMACACAA)
- akta.pro secondary industries
- Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Truck & Commercial Vehicle Electrification Manufacturing (eAxles/Battery Packs/Fuel Cells) (IMACABAK)
Keywords
Where Akasol AG is headquartered
LocationHeadquarters
- HQ city
- Darmstadt
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Akasol AG business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure
Akasol AG product offering
Product offeringCore offering
Akasol AG designs, develops, and manufactures high-performance lithium-ion battery systems for commercial vehicle and industrial electrification. Its products power buses, trucks, and industrial vehicles, incorporating high-voltage power transmission technology. Following its February 2022 acquisition by BorgWarner Inc., the business now operates as part of BorgWarner's commercial vehicle and industrial electrification portfolio.
Product overview
AKASOL AG was a provider of battery systems for commercial vehicles and industrial applications. The company offered battery solutions for electrifying commercial vehicles including buses and trucks. Akasol operated an EV battery manufacturing plant in Michigan. In February 2022, AKASOL AG was acquired by BorgWarner Inc., which combined the companies' capabilities to strengthen commercial vehicle and industrial electrification offerings in the growing battery systems market.
Differentiator
Problem solved
Functional benefit
Products and services
- Battery Systems for Commercial Vehicles
Companies that use Akasol AG
Customer profileSegments1 record
Ideal customer profiles1 record
Akasol AG technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Akasol AG partnerships and signals
Strategic signalScale indicators2 records
Recent moves4 records
Expansion highlights4 records
Akasol AG competitors and assessment
Company assessmentEmerging players
- Voltabox (now part of various): European battery systems integrator focused on commercial vehicles, industrial trucks, and intralogistics; closely comparable to Akasol's commercial/industrial battery pack business.
- XALT Energy (Highland Electric Fleets parent): Manufacturer of lithium-ion battery packs for commercial vehicles and industrial applications; a smaller emerging player comparable to Akasol's commercial vehicle battery focus.
Direct peers
- Forsee Power: French designer and manufacturer of battery systems for commercial vehicles (buses, trucks, off-highway) and industrial applications, directly competing with Akasol in the same commercial vehicle electrification niche.
- Microvast: US-listed vertically-integrated battery systems manufacturer producing both cells and packs for commercial vehicles, industrial equipment, and specialty mobility - overlapping directly with Akasol's commercial vehicle and industrial focus.
- Leclanché: Swiss manufacturer of lithium-ion battery packs and energy storage solutions for commercial vehicles, railways, and industrial applications, directly comparable to Akasol's commercial and industrial battery pack business.
- Freudenberg e-Power Systems: Subsidiary of Freudenberg specializing in battery and fuel cell systems for heavy-duty commercial vehicles, off-highway, and marine applications - a direct comparable in commercial vehicle battery pack design and manufacturing.
Broad incumbents
- Samsung SDI: Diversified battery manufacturer producing cells and packs for EVs, commercial vehicles, and ESS applications; competes with Akasol in commercial vehicle battery pack supply.
- CATL (Contemporary Amperex Technology): World's largest EV battery manufacturer with growing presence in commercial vehicle battery systems both at cell and pack level; a broad incumbent competitor with overlapping commercial vehicle electrification capabilities.
- BorgWarner Inc. Acquirer of Akasol and primary parent entity; a broad incumbent Tier 1 automotive supplier whose commercial vehicle electrification portfolio now encompasses Akasol's battery systems capabilities.
- LG Energy Solution: Major global battery cell and pack supplier serving commercial vehicle, industrial, and energy storage markets; competes with Akasol in pack assembly for commercial vehicle OEMs.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat3 records
Key risks4 records
Key highlights4 records
Customer concentration
Akasol AG social profiles
Digital presenceAkasol AG financial estimates
Financial estimateRevenue estimate
Valuation estimate
Akasol AG leadership team
Management profileNumber of profiles
Profiles3 records
Akasol AG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Akasol AG M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Akasol AG
What does Akasol AG do?
Akasol AG designs, develops, and manufactures high-performance lithium-ion battery systems for commercial vehicle and industrial electrification. Its products power buses, trucks, and industrial vehicles, incorporating high-voltage power transmission technology. Following its February 2022 acquisition by BorgWarner Inc., the business now operates as part of BorgWarner's commercial vehicle and industrial electrification portfolio.
Is Akasol AG a public or private company?
Akasol AG is a private company. It is classified as corporate owned and is currently acquired.
When was Akasol AG founded?
Akasol AG was founded in 1990. It employs 5,001 to 10,000 people.
Where is Akasol AG based?
Akasol AG is headquartered in Darmstadt, Germany, in the Europe region.
Who are Akasol AG's main competitors?
Emerging players on record are Voltabox (now part of various) and XALT Energy (Highland Electric Fleets parent). Direct peers are Forsee Power, Microvast, Leclanché and Freudenberg e-Power Systems. Broad incumbents are Samsung SDI, CATL (Contemporary Amperex Technology), BorgWarner Inc. and LG Energy Solution.
Does Akasol AG have an API?
No public API is recorded for Akasol AG.
What industry is Akasol AG in?
Akasol AG's product category is Commercial Vehicle Battery Systems. Its primary akta.pro industry code is IMACACAA, Battery Pack & Module Manufacturing (EV), with a secondary code of IMAGAHAB, Battery Modules & Packs (Industrial/Commercial pack assembly). Its NAICS code is 33591 and its SIC code is 3600.