Livguard, the energy solutions brand under SAR Group, has revealed its acquisition of Emuron Technologies, a startup based in Delhi NCR. This move signifies Livguard's entry into the electric vehicle (EV) battery-swapping sector. The company has not disclosed the financial details of the deal. Established in 2018 by Kunal Garg, Vedant Khanna, and Vibhor Bharti, Emuron Technologies is a self-funded startup specializing in battery swapping and IoT solutions for EV businesses in India. The startup's offerings include a battery tracking system for monitoring battery health, location, and usage, a customizable intelligent electrical cabinet for Li-ion battery swapping, and a battery intelligence platform that provides utilization reports and aging predictions. Emuron is also actively developing a battery management system.

Rakesh Malhotra, co-founder of SAR Group, commented on the acquisition, expressing Livguard's intention to utilize Emuron's battery-swapping technology in conjunction with its existing expertise in batteries. He mentioned, "Our comprehensive solutions, combined with our EV subsystems portfolio, position us as a one-stop shop for all 2 and 3-wheeler EV OEMs". SAR Group, the owner of Livfast and Mooving, among other companies, introduced Livguard in 2014, providing energy-related solutions like automotive batteries, inverters, and residential solar panels. The group recently entered the EV business with the launch of Lectrix EV.

Gurpreet Bhatia, Livguard's CEO, underscored the company's dedication to research, development, innovation, and initiatives aligned with the "Make in India" campaign. He disclosed Livguard's ongoing endeavours to create a distinctive energy services ecosystem specifically for the two- and three-wheeler EV industry. Following the acquisition, Livguard aims to swiftly implement swapping stations in key markets to address concerns about the range of electric vehicles. Livguard's move coincides with increased activity in the Indian EV sector, including discussions about Tesla's potential entry and the anticipated IPO of Ola Electric. Other notable developments in the sector include Exponent Energy, an EV charging startup, securing INR 220 crore ($26.4 million) in its Series B funding round to enhance manufacturing and business operations. Additionally, Macquarie Capital made an undisclosed investment in EV charging startup ChargeZone to support the development of its cloud technology-enabled charging network.