Latest news with #Tritium
The Wire
3 days ago
- Automotive
- The Wire
Exicom Q1 FY26: Navigating a Soft Quarter with Clear Momentum for the Road Ahead
GURUGRAM, India, Aug. 13, 2025 /PRNewswire/ -- Exicom Tele-Systems Limited (NSE: EXICOM), one of India's leading EV charging and critical power solutions manufacturers, today announced its financial results for the first quarter of FY26, reporting a consolidated revenue of INR 205.3 Crore, an EBITDA margin of –18.8% and adjusted PAT of INR –71.1 crore. On a standalone basis, the company recorded an adjusted PAT of INR 1.1 Crore. While revenue growth this quarter was measured, Exicom entered the second quarter of FY26 with a robust order book exceeding INR 1,500 Crore. "We recognize that this quarter's performance has not met expectations, but it also does not reflect the full potential of the company or the strength of our pipeline. We are seeing visible momentum and clear signs of progress. In India, the steady rise in EV sales points to a stronger outlook for our charging business, and with Bharat Net deliveries now underway, we expect increased revenue contributions from Q2 onwards. Tritium has been a strategic investment for us to build global presence and revenue streams. Although the business is taking longer to turn around, there are positive lead indicators including growing customer confidence in its new portfolio," said Anant Nahata, Managing Director and CEO, Exicom. Strategic Highlights and Business Updates EVSE Business India's four-wheeler EV market gathered momentum, with monthly sales topping ~13,000 units for four consecutive months. Supportive policies are expected to further lift demand ahead of the festive season, creating the strongest tailwinds we have seen in recent quarters. This is already reflecting in our business, with Harmony Direct 2.0, our advanced DC fast charger launched last quarter, building a robust pipeline. Five out of the top 8 EV customers have already transitioned fully to this differentiated product. On the home charging front, Exicom's Spin Air continued to gain traction through ecommerce and B2B channels, with the company delivering over 15000 chargers across geographies. A key highlight was robust year-on -year growth in Southeast Asia sales across four new customers. Exicom also signed its first-ever framework agreement with one of SEA's largest clean energy players, with an expected deal value of nearly USD 6 million over the next 2 years. Tritium Update While Tritium's financial performance is yet to catch up, there are positive leading indicators, including improved customer satisfaction, rising service revenues and order pipeline. Customer adoption is also strengthening, with more than 700 Tritium chargers deployed across the US, Europe and ANZ since January this year. The company is also in advanced discussions with key industry players on some of the largest EV charging opportunities in the sector. The Tri-Flex DC fast charger, a key part of Tritium's global product strategy, has secured new customers, with the first deployment planned with a UK-based CPO later this year. Cutting cash losses is one of our top priorities. Alongside these efforts, we are deeply focused on cost optimization and accelerating revenue conversions. Critical Power Business The Critical Power segment achieved lower-than-expected revenue in Q1, largely owing to delays in key projects. Execution of the Bharat Net project, which had faced delays due to project-level approvals and monsoons, has now commenced and is set to start contributing to the topline from Q2 onwards. Some of the battery projects expected to be delivered in Q1 also got deferred to Q2. On a positive note, the business secured significant wins in the Middle East and Africa and is on track to achieve its highest-ever international revenue this year. Future outlook The upcoming milestone of Hyderabad manufacturing plant remains on track to start operations by October 2025. Talking about the ongoing financial year, Anant Nahata further added, "Although this quarter was not up to the mark, we remain confident on our efforts and growth trajectory. Strong industry tailwinds, a differentiated EVSE portfolio, and solid operational momentum in our telecom and critical power businesses position us strongly for what we expect to be a strong year for EVSE and a promising year for critical power. As a team, we are fully engaged and working with intent to deliver on the guidance shared in Q4 FY25. While we know there is work ahead, we believe we have the right foundations to achieve it. The strong shareholder support in our recent rights issue is an encouraging vote of confidence in our direction." About Exicom Exicom is one of India's leading EV charging and Critical Power solutions manufacturer, present across the entire EV charger value chain with a host of products across both AC & DC charger segments and is spear heading India's transition to sustainable transportation while ensuring the smooth functioning of critical infrastructure. With a wealth of expertise across its divisions, Exicom's critical power solutions serve as the backbone of communication networks, delivering uninterrupted power supplies crucial for telecom infrastructure. With a footprint spanning India, Southeast Asia, Middle East, US, Europe and over 1,50,000 chargers installed worldwide, Exicom is at the forefront of shaping the global EV charging landscape. Investor Relations: investors@ This is an auto-published feed from PTI with no editorial input from The Wire.
Business Standard
3 days ago
- Automotive
- Business Standard
Exicom Q1 FY26: Navigating a Soft Quarter with Clear Momentum for the Road Ahead
PRNewswire Gurugram (Haryana) [India], August 13: Exicom Tele-Systems Limited (NSE: EXICOM), one of India's leading EV charging and critical power solutions manufacturers, today announced its financial results for the first quarter of FY26, reporting a consolidated revenue of INR 205.3 Crore, an EBITDA margin of -18.8% and adjusted PAT of INR -71.1 crore. On a standalone basis, the company recorded an adjusted PAT of INR 1.1 Crore. While revenue growth this quarter was measured, Exicom entered the second quarter of FY26 with a robust order book exceeding INR 1,500 Crore. "We recognize that this quarter's performance has not met expectations, but it also does not reflect the full potential of the company or the strength of our pipeline. We are seeing visible momentum and clear signs of progress. In India, the steady rise in EV sales points to a stronger outlook for our charging business, and with Bharat Net deliveries now underway, we expect increased revenue contributions from Q2 onwards. Tritium has been a strategic investment for us to build global presence and revenue streams. Although the business is taking longer to turn around, there are positive lead indicators including growing customer confidence in its new portfolio," said Anant Nahata, Managing Director and CEO, Exicom. Strategic Highlights and Business Updates EVSE Business India's four-wheeler EV market gathered momentum, with monthly sales topping ~13,000 units for four consecutive months. Supportive policies are expected to further lift demand ahead of the festive season, creating the strongest tailwinds we have seen in recent quarters. This is already reflecting in our business, with Harmony Direct 2.0, our advanced DC fast charger launched last quarter, building a robust pipeline. Five out of the top 8 EV customers have already transitioned fully to this differentiated product. On the home charging front, Exicom's Spin Air continued to gain traction through ecommerce and B2B channels, with the company delivering over 15000 chargers across geographies. A key highlight was robust year-on -year growth in Southeast Asia sales across four new customers. Exicom also signed its first-ever framework agreement with one of SEA's largest clean energy players, with an expected deal value of nearly USD 6 million over the next 2 years. Tritium Update While Tritium's financial performance is yet to catch up, there are positive leading indicators, including improved customer satisfaction, rising service revenues and order pipeline. Customer adoption is also strengthening, with more than 700 Tritium chargers deployed across the US, Europe and ANZ since January this year. The company is also in advanced discussions with key industry players on some of the largest EV charging opportunities in the sector. The Tri-Flex DC fast charger, a key part of Tritium's global product strategy, has secured new customers, with the first deployment planned with a UK-based CPO later this year. Cutting cash losses is one of our top priorities. Alongside these efforts, we are deeply focused on cost optimization and accelerating revenue conversions. Critical Power Business The Critical Power segment achieved lower-than-expected revenue in Q1, largely owing to delays in key projects. Execution of the Bharat Net project, which had faced delays due to project-level approvals and monsoons, has now commenced and is set to start contributing to the topline from Q2 onwards. Some of the battery projects expected to be delivered in Q1 also got deferred to Q2. On a positive note, the business secured significant wins in the Middle East and Africa and is on track to achieve its highest-ever international revenue this year. Future outlook The upcoming milestone of Hyderabad manufacturing plant remains on track to start operations by October 2025. Talking about the ongoing financial year, Anant Nahata further added, "Although this quarter was not up to the mark, we remain confident on our efforts and growth trajectory. Strong industry tailwinds, a differentiated EVSE portfolio, and solid operational momentum in our telecom and critical power businesses position us strongly for what we expect to be a strong year for EVSE and a promising year for critical power. As a team, we are fully engaged and working with intent to deliver on the guidance shared in Q4 FY25. While we know there is work ahead, we believe we have the right foundations to achieve it. The strong shareholder support in our recent rights issue is an encouraging vote of confidence in our direction." About Exicom Exicom is one of India's leading EV charging and Critical Power solutions manufacturer, present across the entire EV charger value chain with a host of products across both AC & DC charger segments and is spear heading India's transition to sustainable transportation while ensuring the smooth functioning of critical infrastructure. With a wealth of expertise across its divisions, Exicom's critical power solutions serve as the backbone of communication networks, delivering uninterrupted power supplies crucial for telecom infrastructure. With a footprint spanning India, Southeast Asia, Middle East, US, Europe and over 1,50,000 chargers installed worldwide, Exicom is at the forefront of shaping the global EV charging landscape.
Time of India
04-08-2025
- Business
- Time of India
Exicom raises ₹259.41 cr via rights issue for debt reduction and expansion
Exicom Tele-Systems Limited has announced the completion of its rights issue , raising approximately ₹259.41 crore through the issuance of fully paid-up equity shares. The issue, which was open from July 15 to July 30, 2025, received subscriptions beyond the offered amount and reflects continued participation from shareholders, including strong backing from the promoters, the company said in its statement. The offer included 18.14 lakh fully paid-up equity shares at ₹143 per share, on a rights basis in the ratio of 3 equity shares for every 20 held as of the record date, July 7, 2025. Of the total raised, approximately ₹120 crore was subscribed by the promoters. Anant Nahata, Managing Director and CEO, Exicom, said, 'The capital raised will strengthen our balance sheet and support our expansion, particularly in international markets through Tritium. While Tritium's turnaround is taking time, we are in advanced discussions for several large global high-power charger deals that we believe can help change the course of the company. We will see this fully play out starting FY27." "Back home, we remain strongly optimistic about the India opportunity, driven by the steady growth in EV adoption across the country. Our Harmony Direct 2.0 continues to gain traction, with early momentum translating into a strong sales pipeline. Meanwhile, Spin Air home chargers are securing consistent wins with leading OEMs, reinforcing trust in our technology and execution,' he added. The company stated that the funds will primarily be used to reduce debt, with a target of achieving a debt-to-equity ratio of 1:4 by the end of FY26. The funds will also be directed toward general corporate expenses and expansion into markets including the United States, Europe, and Australia through its subsidiary Tritium. Shiraz Khanna, Chief Financial Officer, Exicom, said, 'This Rights Issue marks an important step in enhancing our financial health. The capital raised will enable us to significantly reduce debt and support sustainable growth while maintaining prudent capital discipline.'
Yahoo
29-04-2025
- Automotive
- Yahoo
Tritium Unveils TRI-FLEX, a Revolutionary Ultra-Scaling EV Charging Platform at ACT Expo 2025
Tritium Unveils TRI-FLEX, a Revolutionary Ultra-Scaling EV Charging Platform Tritium Unveils TRI-FLEX, a Revolutionary Ultra-Scaling EV Charging Platform ANAHEIM, Calif., April 29, 2025 (GLOBE NEWSWIRE) -- Tritium, a global leader in DC fast chargers for electric vehicles (EVs), today unveiled its revolutionary TRI-FLEX charging platform at ACT Expo 2025 in Anaheim, California. The platform features a next-generation distributed architecture that enables charge point operators to scale from four up to 64 charge points easily. This ultra-scaling approach addresses critical infrastructure challenges as the EV market transitions from early adoption to mainstream over the next several years. "Today marks a paradigm shift in EV charging infrastructure," said Arcady Sosinov, Tritium's CEO, during the unveiling at ACT Expo. "TRI-FLEX is not just an incremental improvement but a fundamental reimagining of distributed charging architecture designed to scale efficiently at the speed of coming demand in the market." As global EV sales approach 20% of total car sales and the U.S. EV fleet is projected to reach 27 million by 2030, conventional charging infrastructure faces critical limitations in scalability, grid capacity and flexibility. TRI-FLEX addresses these challenges through several industry-first innovations: Powerful Performance & Flexibility: The core of the platform is the TRI-FLEX Hub, a power conversion system that grows with your needs – from 400kW to 1.6MW of AC power and up to 3.2MW of DC power. Unprecedented Scalability: A single Hub can power two to 32 TRI-FLEX dispensers (up to 64 charge points), eight times more than conventional distributed systems. Ultimate Design Flexibility: Customers can mix and match 100kW, 200kW, and 400kW dispensers in a single system, creating the ideal configuration for their site and customer needs – from passenger cars to commercial trucks. Precision Power Management: The system's 25kW power resolution with real-time load balancing ensures optimal energy distribution, maximizing efficiency and throughput. Environmental Resilience: Full IP65 environmental rating and advanced liquid cooling maintain reliable performance from Arctic cold (-35°C) to desert heat (+55°C). The economic impact is significant, with substantial reductions in total cost of ownership compared to conventional architectures. TRI-FLEX's innovative design allows operators to avoid costly utility upgrades while maximizing charging capacity. "The EV revolution will move at the speed of its infrastructure," Sosinov added. "TRI-FLEX removes critical barriers to widespread adoption by enabling phased deployment strategies that align capital expenditure with actual utilization, simplifying permitting processes and maximizing return on investment." The platform allows charging operators to start with what they need today and seamlessly scale as demand increases—without replacing their initial investment. TRI-FLEX also includes integration with battery energy storage systems and renewable energy sources to further enhance charging capabilities in grid-constrained locations. Sosinov confirmed, "TRI-FLEX is MCS capable, but due to the limited number of MCS-capable vehicles registered globally, our customers serving heavy duty vehicles will have access to a 640kW dispenser, and we will release a MCS dispenser when there is sufficient demand in the market." For more information about TRI-FLEX, visit or email sales@ About TritiumFor over a decade, Tritium has been a pioneer in DC fast-charging, powering the road forward with innovative solutions that businesses and drivers depend on daily. Tritium designs and manufactures proprietary hardware and software to create advanced and reliable DC fast charging solutions and services for electric vehicles. Tritium's compact and robust chargers are USA-made, designed to look great on Main Street and to perform in harsh conditions, through technology engineered to be easy to install, own, and use. Tritium is focused on continuous innovation in support of its customers around the world. In 2024, the Tritium global business was acquired by Exicom Tele-Systems Inc. Photos accompanying this announcement are available at CONTACT: Media Contact: Steve Janisse 404-574-9206Sign in to access your portfolio
Forbes
29-04-2025
- Automotive
- Forbes
Tritium Unveils TRI-FLEX Scaling EV Charging Platform At ACT Expo 2025
Tritium unveiled its revolutionary TRI-FLEX charging platform at ACT Expo 2025 This year's Advanced Clean Transportation Expo, or ACT Expo 2025, is underway in Anaheim, California, with original equipment manufacturers (OEMs) and suppliers unveiling the latest advanced vehicles, low-carbon fuels, and innovative transportation technologies and services. Tritium, a global leader in DC fast chargers for electric vehicles (EVs), is using the event to announce its revolutionary TRI-FLEX charging platform—a next-generation distributed architecture that enables charge point operators to scale from four up to 64 charge points easily. The technology promises to address critical infrastructure challenges as the EV market transitions from early adoption to mainstream over the next several years. 'Today marks a paradigm shift in EV charging infrastructure," said Arcady Sosinov, Tritium's CEO, during the unveiling at ACT Expo. "TRI-FLEX is not just an incremental improvement but a fundamental reimagining of distributed charging architecture designed to scale efficiently at the speed of coming demand in the market." The TRI-FLEX hub—the core of the platform—is a power conversion system that scales from 400kW to 1.6MW of AC power and up to 3.2MW of DC power (a single Hub can power two to 32 TRI-FLEX dispensers—up to 64 charge points). Flexibility allows mixing and matching 100kW, 200kW, and 400kW dispensers in a single system, and the system's 25kW power resolution with real-time load balancing optimizes energy distribution. The TRI-FLEX hub carries a full IP65 environmental rating and advanced liquid cooling, maintaining reliable performance from Arctic cold (-35°C) to desert heat (+55°C). I interviewed Sosinov to learn more about the technology, better understand why the company feels the market is ready, and understand its impact on consumers, the end users: 'Think of traditional charging like having separate water heaters for every shower in your house – inefficient, expensive, and difficult to scale. TRI-FLEX is like one smart water heater serving many showers simultaneously, giving each precisely the temperature and pressure it needs. We call it 'distributed' charging infrastructure, and Tritium pioneered it over a decade ago. "TRI-FLEX dramatically enhances distributed charging: whereas existing charging systems typically only scale to 8 charging points, TRI-FLEX can scale to 64. That's eight times more charging points without requiring eight times the grid capacity. Our ultra-scaling architecture will support up to 64 vehicles from a single power system without requiring massive, costly and time-consuming grid upgrades. And best of all, customers can invest in a smaller system today and then scale to 64 charging points over time in a cost-effective way, without requiring new infrastructure or power cabinets (just add dispensers!). "This isn't incremental improvement—it's a fundamental reimagining of what's possible in EV charging. Start with what you need today, scale seamlessly as demand grows—without replacing your initial investment. That's the promise of TRI-FLEX.' 'We're at a pivotal moment in transportation history. The EV market is going to surge from early adoption to mainstream acceptance, with global sales of EVs set to hit 20% of all vehicles this year. By 2030, we're looking at 27 million EVs on U.S. roads alone, and a staggering 92 million by 2040. This isn't gradual growth – it's an electric avalanche. "Here's the challenge: today's charging infrastructure was built for yesterday's EV market. Current systems typically only scale to 8 charging points per power cabinet, require massive grid upgrades for expansion, and can't efficiently serve the growing diversity of vehicles from compact cars to commercial trucks. "The coming EV revolution can only move at the speed of its infrastructure. Without a fundamental shift in charging architecture, we'll hit a wall where EVs are increasingly popular but increasingly difficult to charge. TRI-FLEX removes this final barrier between early adoption and mainstream electrification, ensuring the infrastructure can actually keep pace with growing demand for a diverse set of electric vehicles.' 'Absolutely, customers can replace their existing charging infrastructure with TRI-FLEX, without upgrading their grid connection. That allows them to scale from 4 charging points to 64 charging points over time. "TRI-FLEX also has industry-leading power density of 512kW per square meter, which means it requires significantly less space than conventional systems. This is transformative for existing sites with limited real estate. "We're giving operators a clear upgrade path that transforms their sites gradually, responding to actual demand rather than speculation. No more "build it and hope they come" – just smart infrastructure that grows precisely when and how it's needed.' 'For EV drivers, this is about eliminating the last vestiges of range anxiety. Going forward, the biggest pain point won't be vehicle range – it will be finding available chargers when and where you need them. TRI-FLEX changes that equation by allowing for fast, cost-effective scaling of EV charging locations that can keep up with accelerating demand. "With up to 64 charging connections from a single system, the likelihood of waiting in line plummets. Our technology enables charging operators to install many more charging points in the same space with the same grid connection, dramatically increasing availability. "As the EV charging network expands into more diverse locations, reliability in extreme environments becomes crucial. Our fully sealed IP65-rated enclosures and advanced liquid cooling technology ensure consistent performance from Arctic cold to desert heat. This means TRI-FLEX will work in places where conventional chargers struggle but where drivers absolutely need dependable charging. When other systems might shut down in Phoenix's summer heat or Minneapolis's winter freeze, TRI-FLEX keeps delivering power.' 'This next-generation architecture has several patents pending. We've developed truly innovative approaches to power sharing, thermal management, and system integration that represent significant advances in the state of the art. The intellectual property portfolio we're building around TRI-FLEX will help secure Tritium's position at the forefront of charging technology for years to come. "We're taking orders today and expect to begin shipping next quarter. TRI-FLEX addresses the most pressing infrastructure challenges for charge point operators, fleet managers, and retail site developers, allowing for increased return on investment (ROI) and lower total cost of ownership (TCO). "It's worth remembering that Tritium has been a pioneer in DC fast charging for over a decade now. TRI-FLEX is just our latest innovation to keep powering the road forward.'
