Jupiter Wagons shares jump 5% on acquisition of Log9’s Rail and EV Battery Business

Jupiter Wagons has announced acquisition of Log9’s Railway and Electric Battery technology and business.

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Shares of Jupiter Wagons Ltd surged over 5 percent on October 31 after its subsidiary, Jupiter Electric Mobility (JEM), announced the acquisition of Log9’s Railway Battery and Electric Truck Battery divisions.

The acquisition, which includes both technology and business assets of Log9 for its Railway Battery and Electric Truck Battery Divisions, aims to strengthen JEM’s position in the electric mobility sector. In an exchange filing, Jupiter Wagons highlighted that the move is part of JEM’s strategic mission to drive innovation in India’s electric mobility space with advanced battery solutions for both electric trucks and Indian Railways.

Vivek Lohia, Managing Director, JWL, stated, "By integrating Log9’s technology and production capabilities into our portfolio, we’re able to expand our expertise in electric mobility and railways while reinforcing our dedication to sustainable and innovative energy solutions."

Following the announcement, Jupiter Wagons' stock witnessed an uptick, climbing as much as 5.42 percent to reach a day’s high of Rs 513.05 on the National Stock Exchange (NSE). By around 10:40 am, the stock traded at Rs 511.90, up 5.19 percent.

"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 company stated.

The acquisition also brings Log9's engineering and production teams, specializing in railway and electric truck battery technologies, under JEM’s umbrella. Additionally, JEM will gain ownership of Log9’s manufacturing facility located in Devanahalli, Bengaluru, further enhancing its capabilities in the sector.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.