ASICON
ASICON Ultra (ASICON Electro Innovations Pvt Ltd) is an India-based manufacturer of custom lithium-ion battery packs for electric two-wheelers and light commercial vehicles, integrating proprietary BMS, thermal management, and AIS-156-compliant safety features, sold B2B to OEM and fleet customers.
- Company typePrivate
- Founded2015
- HeadquartersJabalpur, India
- Headcount—
- GTM typeB2B
- OfferingHardware or Manufacturing
What ASICON does
ASICON Electro Innovations Pvt Ltd (DBA ASICON Ultra) is an India-based lithium-ion battery pack manufacturer founded in 2015 and headquartered at the Electronics Manufacturing Cluster in Jabalpur, Madhya Pradesh. The company designs and manufactures custom-engineered battery packs for electric two-wheelers (with telematics and battery swapping features) and electric light commercial vehicles (L5N category, LV and HV configurations), with a standardized voltage portfolio covering 48V (24Ah–32Ah), 60V, and 72V configurations. All products are designed to comply with the AIS-156 Indian automotive safety standard.
The company's core technology stack integrates cell selection and benchmarking, a proprietary Battery Management System (BMS) with SOC/cell balancing/SOH algorithms and multi-protocol communication (CAN, RS 485, RS 232, IoT), and customized thermal management validated via 1D, 2D, and 3D CFD thermal and fluid-flow modeling. A modular pack-design philosophy combines standardized sub-elements with application-specific customization. The company also references end-of-life battery processing for second-life or raw-material recovery.
ASICON generates revenue primarily through direct B2B sales of hardware (custom battery packs) to OEM customers and commercial fleet operators, supplemented by custom engineering and design services. Pricing is contact-based and not publicly disclosed. The go-to-market is consultative and engineering-focused, with demand generation via the company website, direct outreach, and industry event participation (notably The Battery Show India). Manufacturing remains at pilot scale with a stated 100MWh capacity, and the company is privately held with no disclosed external funding.
ASICON firmographics
Firmographics- Name
- ASICON
- Legal name
- ASICON ELECTRO INNOVATIONS PVT LTD
- Website
- https://asiconultra.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Short description
- ASICON Ultra (ASICON Electro Innovations Pvt Ltd) is an India-based manufacturer of custom lithium-ion battery packs for electric two-wheelers and light commercial vehicles, integrating proprietary BMS, thermal management, and AIS-156-compliant safety features, sold B2B to OEM and fleet customers.
- Ownership category
- akta.pro rank
ASICON industry classification
Industry- NAICS
- Battery Manufacturing (33591), Battery Manufacturing (335910)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- Battery Pack & Module Manufacturing (EV) (IMACACAA)
- akta.pro secondary industries
- Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Battery Management Systems (BMS) & Battery Electronics (IMAGAHAC), Battery Pack Manufacturing & Module Assembly (EUAFABAI)
Keywords
Where ASICON is headquartered
LocationHeadquarters
- HQ city
- Jabalpur
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
ASICON business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
Revenue model
- Lithium-Ion Battery Pack Sales: Manufacturing and selling custom-engineered lithium-ion battery packs for electric vehicles including 2-wheelers and light commercial vehicles. Revenue generated through direct sale of battery systems to OEM customers and fleet operators.
- Custom Engineering & Design Services: Custom battery pack design and development services including BMS design with advanced algorithms, testing and validation, and technical consulting for electrification initiatives.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
ASICON product offering
Product offeringCore offering
ASICON designs and manufactures custom-engineered lithium-ion battery packs with integrated proprietary Battery Management Systems (BMS) for electric two-wheelers and light commercial vehicles (e-LCVs). The company produces battery packs in 48V, 60V, and 72V configurations across multiple capacity ratings (24Ah, 26Ah, 30Ah, 32Ah), all compliant with AIS-156 safety standards. It also offers custom battery pack design, prototyping, testing and validation, and end-of-life recycling services targeting OEM and fleet operator customers.
Product overview
ASICON is a battery pack manufacturer offering a portfolio of lithium-ion battery solutions for electric vehicles. The product line consists of two main categories: 2-W Batteries for two-wheelers (with telematics and swapping capabilities) and e-LCV Batteries for light commercial vehicles (LV and HV packs for L5N and Light Commercial Vehicles). Within these categories, ASICON offers standardized voltage configurations including 48V (24Ah, 26Ah, 30Ah, 32Ah), 60V, and 72V battery packs, all designed with Smart BMS featuring Active Balancing and CAN Communication, compliant with AIS-156 safety standards.
Differentiator
Problem solved
Functional benefit
Companies that use ASICON
Customer profileSegments3 records
ASICON technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
ASICON partnerships and signals
Strategic signalScale indicators2 records
Recent moves6 records
Expansion highlights5 records
ASICON competitors and assessment
Company assessmentDirect peers
- Livguard Energy: Livguard manufactures lithium-ion battery packs and inverters in India, serving e-mobility and backup-power markets. Comparable as an Indian mid-market Li-ion pack maker with similar B2B go-to-market.
- Cygni Energy: Cygni Energy designs and manufactures Li-ion battery packs for Indian EVs, including 2W and LCV segments, with in-house BMS. Directly comparable in product, customer base, and Indian market focus.
- Trontek Electronics: Trontek is an Indian Li-ion battery pack manufacturer serving e-mobility and energy storage, with proprietary BMS technology. Comparable as a domestic mid-market pack assembler targeting similar Indian OEM customers.
- Pure Energy: Pure Energy is an Indian manufacturer of lithium-ion battery packs for electric vehicles and energy storage applications. Direct peer serving similar Indian EV OEM customers with custom-engineered Li-ion packs and BMS.
- Battrixx (Kabra Extrusiontechnik): Battrixx is the Li-ion battery pack brand of Kabra Extrusiontechnik, manufacturing battery packs for electric 2-wheelers, 3-wheelers, and small EVs in India. Direct competitor in the same AIS-156 compliant EV pack market.
- Okaya Power Group: Okaya manufactures lithium-ion battery packs for Indian electric 2-wheelers, 3-wheelers, and LCVs, with proprietary BMS. Directly comparable as an India-focused Li-ion pack OEM serving the same e-mobility customers.
Broad incumbents
- Exide Industries: Exide is India's largest battery manufacturer with a long-established lead-acid franchise now expanding into lithium-ion for EVs and storage. Comparable as a broad incumbent entering the same Li-ion EV pack space with deeper balance sheet and OEM relationships.
- Amara Raja Batteries: Amara Raja is a large Indian battery manufacturer (lead-acid incumbent) expanding aggressively into lithium-ion packs and cells via its Amaron and related brands. Comparable as a broader incumbent entering ASICON's Li-ion EV pack niche with significant scale and capital advantages.
- TDSG (Tata AutoComp / Tata Group Li-ion venture): Tata Group's lithium-ion battery venture supplies packs to Tata Motors EVs and other OEMs in India. Comparable as a large, well-capitalized incumbent in the Indian Li-ion EV battery space with OEM parentage that ASICON must compete against.
Emerging players
- Epsilon Advanced Materials (or Log9 Materials): Log9 Materials is an Indian battery technology company focused on advanced Li-ion cell and pack solutions for e-mobility, with proprietary rapid-charging technology. Comparable as an emerging Indian player in the Li-ion battery ecosystem targeting similar 2W/3W/LCV customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
ASICON financial estimates
Financial estimateRevenue estimate
Valuation estimate
ASICON leadership team
Management profileNumber of profiles
ASICON funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ASICON 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 ASICON
What does ASICON do?
ASICON designs and manufactures custom-engineered lithium-ion battery packs with integrated proprietary Battery Management Systems (BMS) for electric two-wheelers and light commercial vehicles (e-LCVs). The company produces battery packs in 48V, 60V, and 72V configurations across multiple capacity ratings (24Ah, 26Ah, 30Ah, 32Ah), all compliant with AIS-156 safety standards. It also offers custom battery pack design, prototyping, testing and validation, and end-of-life recycling services targeting OEM and fleet operator customers.
Is ASICON a public or private company?
ASICON is a private company. It is currently operating.
When was ASICON founded?
ASICON was founded in 2015.
Where is ASICON based?
ASICON is headquartered in Jabalpur, India, in the Asia region.
How does ASICON make money?
Two revenue lines are on record. Lithium-Ion Battery Pack Sales are the primary driver. The others are custom Engineering & Design Services.
Who are ASICON's main competitors?
Direct peers on record are Livguard Energy, Cygni Energy, Trontek Electronics, Pure Energy, Battrixx (Kabra Extrusiontechnik) and Okaya Power Group. Broad incumbents are Exide Industries, Amara Raja Batteries and TDSG (Tata AutoComp / Tata Group Li-ion venture). Epsilon Advanced Materials (or Log9 Materials) is listed as an emerging player.
Does ASICON have an API?
No public API is recorded for ASICON.
What industry is ASICON in?
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.