6 November 2024 | New Delhi: Shardul Amarchand Mangaldas & Co. advised Jupiter Electric Mobility Private Limited (JEM) a subsidiary of Jupiter Wagons Limited (“JWL”) on the acquisition of the technology and business assets of Log 9 Materials Scientific Private Limited(“LMSPL”) for its Battery and Electric Truck Battery Divisions. The deal was signed on 30th October 2024.

This acquisition marks a significant advancement in JEM’s mission to revolutionize the electric mobility landscape in India by expanding its portfolio with cutting-edge battery solutions tailored for both the electric truck segment and Indian Railways.

The transaction team was led by Abhishek Guha, Partner; Mahesh Wasadikar, Partner; Yash Modi, Senior Associate and Deesha Vyas, Associate and was assisted by Hemant Krishna, Partner and Dhruv Khanna, Associate.

KPMG advised JWL on the tax aspects.

About Shardul Amarchand Mangaldas & Co:
Shardul Amarchand Mangaldas & Co., founded on a century of legal achievements, is one of India’s leading full-service law firms. The Firm’s mission is to enable business by providing solutions as trusted advisers through excellence, responsiveness, innovation, and collaboration. SAM & Co. is known globally for its exceptional practices in mergers & acquisitions, private equity, competition law, insolvency & bankruptcy, dispute resolution, international commercial arbitration, capital markets, banking & finance, tax, intellectual property, data protection and data privacy, white collar crime, technology law and infrastructure, energy and project finance. The Firm has a pan-India presence and has been at the helm of major headline transactions and litigations in all sectors, besides advising major multinational corporates on their entry into the Indian market and their business strategy. Currently, the Firm has over 850 lawyers including 181 Partners, offering legal services through its offices in New Delhi, Mumbai, Gurugram, Ahmedabad, Kolkata, Bengaluru, and Chennai.


For further information, please contact –


Nishant Venkat
M: +91 9871425959
Email: nishant.venkat@AMSShardul.com


Prerna Gagerna
M: +91 9971217153
Email: prerna@avianwe.com