Monday, 23 January 2023

Hero Electric inks partnership with Maxwell Energy Systems for Battery Management Systems


New Delhi/Mumbai, Jan 23, 2023: India’s one of oldest and largest electric two-wheeler manufacturers, Hero Electric, announced a long-term partnership with Maxwell Energy Systems for their advanced Battery Management Systems (BMS). As part of this partnership, Maxwell will supply more than a million units of its BMS over the next three years to support Hero Electric’s plan of rapid growth to maintain its leadership position.

A BMS is the brain of the battery pack responsible for ensuring the battery operates within its Safe Operating Area (SoA) to maximize performance and lifespan. Maxwell’s newly designed automotive-safe BMS supports multiple chemistries and configurations to cater to the entire e2W range of Hero Electric.  The smart BMS is designed to be fully compliant with the recently mandated AIS156 amendments and leverages proprietary algorithms developed and fine-tuned by Maxwell over the last 5+ years for accurate state estimations – SoC, SoH, SoP, and SoE. The BMS also comes with additional technical capabilities such as high-side switching and hot-plugging for seamless swapping. Furthermore, Maxwell and Hero Electric will work on an exciting new range of advanced electronics products for the Indian EV market.

Commenting on the partnership, Mr. Sohinder Gill, CEO, Hero Electric, said, “India has vastly fluctuating temperature conditions that demand safe, reliable, and high-performance electric vehicles. One of the key aspects of EVs is its battery management system that ensures functional safety, battery longevity, and range for cost and warranty for the overall smooth EV owning experience. To offer avant-garde and advanced battery packs, we are glad to partner with Maxwell for their BMS solution, which will help us provide safe and performance-oriented EVs to our customers. This partnership will also help us build the local supply chain and support the Make in India mission, further reducing our import dependency. With Maxwell on board, we now have 2 solid reliable partners to future proof our battery designs.”

Hero Electric has been working towards building a robust supply chain and encouraging more component manufacturers to invest in electric vehicle technologies to make EVs a mainstream mobility solution. Being the segment leader, Hero is committed to making a global supply chain hub for EVs by partnering with suppliers with demonstrated capabilities such as Maxwell, and to reducing carbon emissions for a greener tomorrow. Hero is proud of its success and is committed to providing high-quality electric two-wheelers to meet the growing demand for eco-friendly transportation options.

Mr. Akhil Aryan, CEO & Co-Founder, Maxwell Energy Systems, said, “Hero Electric is one of those companies in the forefront that has not only pioneered the all-electric revolution but paved the way for many others. We're honored to partner with them as an advanced electronics supplier and start supplies of our Smart Battery Management Systems (BMS). Since both our missions are deeply aligned, we aim to bring many such innovations to the EV market in partnership with Hero."

About Hero Electric:

HERO ELECTRIC is one of the oldest and India's Largest Electric two-wheeler companies and has been at the forefront of the electric 2-wheeler industry. The company’s manufacturing unit is in Ludhiana, and it sells a wide range of electric scooters catering to a wide spectrum of customers. Hero Electric currently has over 850+ (and rapidly expanding) sales and service outlets spread across the country along with a widespread charging network and trained roadside mechanics on EVs. It has a lot of firsts in the industry ranging from developing and launching the first lithium ion based electric scooters in India to launching the unique concept of charging stations for anywhere, everywhere charging. With over 6 lakh electric two-wheelers in India, the company has been delivering sustainable travel solutions over the past 15 years and counting & has played a crucial role in developing and promoting the EV market in the country. For more details, please visit https://heroelectric.in/

About Maxwell Energy Systems:

Maxwell Energy is on a mission to accelerate the earth’s transition to an all-electric future. Maxwell designs and develops advanced electronics and software for OEMs in the electric vehicle and energy storage (ESS) space. Maxwell started its journey by building its first flagship product – the Battery Management System, developed ground up over a period of 5+ years with a 100-member plus strong and capable R&D team based out of India. Today, Maxwell supplies its flagship product to 75+ customers across 15 countries including some of the world’s largest players in the Automotive sector. Maxwell is currently developing a range of other products centered around EVs and EV ecosystems to cater to growing demand. Recently, Maxwell Energy Systems was acquired by Endurance Technologies Limited.

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