Shardul Amarchand Mangaldas & Co. advises Jupiter Electric Mobility on the acquisition of the technology and business assets of Log 9 Materials Scientific Private Limited

November 6, 2024

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 significant 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 Khurana, Associate.

KPMG advised JWL on the tax aspects.