Exicom Divests Tritium for $85M: Doubling Down on India’s EV Charging & Exports
Exicom’s board has approved a non-binding term sheet to divest its global DC fast-charging subsidiary, Tritium, for a total enterprise value of $85 million. However, it is a highly calculated recalibration in order to influence India’s rising EV infrastructure space and expand export opportunities.
The $85 Million Strategic Pivot
When Exicom acquired Tritium, the vision was clear, gaining access to premium electric vehicle charging technology and hold of international markets. Thus Exicom has successfully commercialised new products and is able to achieve its highest order book since its acquisition. Exicom is not capitalizing on its investment.
Thus by divesting Tritium, Exicom is aiming to invest heavy capital towards its Indian EV charging operations and its lucrative export markets. Exicom has played smartly as they have not lost on the tech, but retained a perpetual license to Tritium’s advanced TRI-FLEX technology and its state-of-the-art liquid-cooled modules, which are manufactured at Exicom’s Hyderabad facility.
The Exicom’s CEO and Managing Director, Anant Nahata, also expressed this and said, “This divestment allows the company to focus on its financial resources on its core EV charging and export operations, while maintaining its access to global tech and markets.”
Record-Breaking Q2 FY27 Financials
This divestment news has occurred on the strong backing of second quarter for Exicom. Here is a quick look at how numbers are stacking up.
- Consolidated Revenue: The company has recorded revenue of Rs 388.3 crore in Q2 FY27, registering a solid 38% growth from Rs 331.3 crore in Q1 FY27.
- Profitability: The consolidated EBITDA is a significant positive at Rs 1.8 crore, thus recovering from a Rs 21.9 crore loss in the preceding quarter.
- Standalone Success: The revenue showed a substantial jump from 21.3% year-on-year to Rs 277 crore, while standalone EBITDA witnessed a massive 69% to reach Rs 25.6 crore.
- Historic Milestone: Exicom's standalone EV charging segment has crossed the Rs 100 crore milestone in a single quarter.
The Road Ahead for India's EV Market
The main aim of Exicom in India is based on hard data. Between April and September 2026, there is an estimated 1.9 lakh EVs sold in India, which is a staggering 59% rise as compared to the previous six months.
As the electric bus and commercial electric trucks will be leading the EV charging infrastructure demand, Exicom is integrating with Tritium’s advanced IP with local manufacturing in Hyderabad, the company will be supplying premium yet reliable EV chargers across India and global markets.
