Log9 has just rebranded its mobility division as Amphion, a comprehensive EV asset management company. The official debut of Amphion occurred at Day Zero 2024, Log9's yearly gathering. The event was honored by Narayana Murthy, former CEO and Co-Founder of Infosys. Murthy offered wisdom on the essential elements of establishing a sustainable enterprise rooted in robust cultural values and innovation.
Amphion tackles vital hurdles encountered within the commercial electric vehicle (EV) sector, spanning financing, data analytics, charging infrastructure, and energy efficiency. With its all-encompassing range of services, Amphion empowers participants throughout the EV network. Catering to fleet operators and drivers alike, Amphion provides solutions geared towards enhancing asset efficiency, reducing downtime, and guaranteeing cost-efficient operations, facilitating a smooth transition towards electric mobility.
Speaking at the occasion, Dr. Akshay Singhal, Founder and CEO, Log9 said, "Day Zero 2024, our Foundation Day's 9th edition, was a groundbreaking milestone as we unveiled Amphion. This represents a major leap forward in addressing reliability, servicing, financing, charging infrastructure, business insight, and energy efficiency through a data-driven approach. I'm thrilled about the transformative opportunities Amphion will offer fleet operators. This Day Zero signifies the commencement of a new journey, not just for us, but for an entire ecosystem".
Coinciding with the introduction of Amphion, Log9 introduced Nexmile, an innovative new battery tailor-made for commercial electric vehicles. Nexmile showcases a host of pioneering attributes, including a 2X Longer Battery Life, a 5-Year Warranty, 3X Faster Charging, and a real-world range of 120 kilometers.
Addressing the event, Kartik Hajela, Co-Founder and COO, Log9 said, “After two years of dedicated effort, we are thrilled to present Amphion in all its depth and dimension. With Amphion, we are poised to seamlessly integrate OEMs, CPOs, financiers, insurers, and recyclers into a cohesive ecosystem, driving efficiency and sustainability in the EV industry. We are confident that Amphion will pave the way for a new era of interconnectedness and progress. We aim to be the leading EV Asset Management Company not just in India but globally".
Sharing insights during the occasion, Pankaj Sharma, Co-Founder, Log9 said, "Day Zero 2024 marked a momentous occasion for Log9 as we proudly showcased the comprehensive scope of our groundbreaking work. From pioneering advancements in technology to forging various national and international partnerships. Our enthusiastic engagement with our partners further bolsters our commitment to driving positive change and shaping a better future. At Log9, we are dedicated to leading the way towards a brighter tomorrow".
Log9's dedication to sustainable mobility stands firm. Through the introduction of Amphion and Nexmile, the company is positioned to transform the EV terrain and facilitate a more environmentally friendly future for both fleet operators and drivers. With Amphion leading the charge, the company currently oversees approximately 2500 EV assets on the road, links 600 charging stations, manages assets valued at 100 crores for over 150 fleets, with a servicing turnaround time of 2.7 days, and is experiencing month-on-month growth of 20-30 percent.