Kabra Extrusion Technik Ltd — Capital/Financing Update 2021

Aug 23, 2021

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Press Release

Battrixx associates with Wardwizard to power their electric two-wheelers

Building on the Make-in-India initiative, the collaboration will make a significant contribution towards the future of electric mobility in India

Battrixx (Battery division of Kabra Extrusiontechnik Ltd. ) announces its association with WardWizard Innovations and Mobility Ltd. . It has received its single largest order to supply 8000 battery packs for Joy E-Bike (electric two-wheelers) produced by WardWizard.

Mr. Anand Kabra, Managing Director, Kabra Extrusiontechnik Ltd. , says, “We are delighted to be on board with WardWizard to make our contribution towards electrification of mobility in the country. Our products are built with focus of providing green energy solutions with a promise to deliver reliability and performance at every step. This collaboration will redefine electric mobility solution for the buyers by providing products that are proven and tested with highest level of safety standards.”

About Battrixx: Battrixx is positioned to provide wide range of advanced lithium-ion battery packs with smart Battery Management System (BMS) to power the growth of India’s transition to green energy storage and electric transportation. Battrixx offers light weight, high efficiency, long life, maintenance free, high energy density with low charging time, low energy cost, smaller carbon footprint batteries.

About Kabra Extrusiontechnik Limited (KET) : It is India’s largest manufacturer of plastic extrusion machinery for last more than 4 decades and recently ventured into manufacturing of Lithium-ion Battery Packs. The company is a part of the well known Kolsite Group.

About Wardwizard Innovations & Mobility Limited: Wardwizard Innovations & Mobility Ltd is one of the leading auto manufacturing company in the Electric Vehicle (EV) segment under the brand name Joy e-bike, providing a greener alternative to traditional fuel-driven bikes. Its footprints are spread across over 25 major cities across India and aspire to grow this number by length and breadth.

Contact Details: Kabra Extrusiontechnik Ltd.

Fortune Terraces, 10th Floor, ‘B’ Wing, Opp. Citi Mall, New Link Road, Andheri (West) Mumbai-400053 Maharashtra, India. Telephone : +91-22-26734822 Email : ket_sd@kolsitegroup.com Website : www.kolsite.com | www.battrixx.com

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