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# Indian auto firm Endurance acquires Ion Energy's unit for $40 million
- URL: https://www.techloy.com/indian-auto-firm-endurance-acquires-ion-energys-unit-for-40-million/
- Published: 2022-05-20T08:39:35.000Z
- Updated: 2022-12-08T00:45:57.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: Autotech, Tech in India

India-based automotive component manufacturing firm, [Endurance Technologies](https://endurancegroup.com/) has acquired [Ion Energy's](https://www.ionenergy.co/) battery management system unit for $40 million.

- The acquisition will enable a reinforced supply chain, reliable operations, strengthened manufacturing and team expansion for a faster global EV transition, Ion Energy claims.
- The deal will begin with the purchase of 51% of Ion Energy's arm, Maxwell Energy System for $17.5 million after which the 49% will be acquired in stages over the next five years, the company claims.
- Maxwell Energy System is an electronic system that monitors the state of charge and health of a battery to ensure protection.
- The subsidiary supplies over 70 vehicle makers and battery pack makers in 15 countries including the US, Spain, France, and India.