Acentrik and Durapower Sign MOU to Enhance EV and Battery Data Ecosystem

By Team Acentrik

Published on

Durapower to incorporate Acentrik’s Data Exchange Platform in its Battery-as-a-Service and Mobility-as-a-Service initiatives

Singapore, 25 March 2024 – Acentrik, the pioneering data exchange platform by Mercedes-Benz Singapore, and Durapower, a leader in electric vehicle (EV) battery technology, have signed a Memorandum of Understanding (MOU) to collaborate on enhancing data sharing in the EV and battery sectors.

MOU formalized at a joint event in Singapore. From L to R: Srikanth Kaja, General Manager of Mercedes-Benz Singapore, Centre of Excellence Web3 and Acentrik; Sanjay Bakshi, Group Director, Digital & Innovation, Durapower Group.

This partnership leverages Acentrik’s technology to establish a robust data exchange framework within Durapower’s broader ecosystem of battery remote monitoring, charging management, Battery-as-a-Service and Mobility-as-a-Service (BaaS/MaaS) solutions. The initiative underscores both companies’ dedication to advancing data-driven solutions in the EV and battery space.

The collaboration between Acentrik and Durapower will focus on:

  • Creating a collaborative data ecosystem for secure and efficient data sharing among Durapower’s partners and OEMs.
  • Utilising Acentrik’s privacy-preserving features for handling sensitive EV and battery data.
  • Enhancing data analytics capabilities to optimise Durapower’s BaaS and MaaS operations.
 

The integration of Acentrik’s solutions with Durapower’s platforms marks a pivotal shift towards streamlined energy management and sophisticated data integration, optimising Durapower’s vision to democratise renewable energy ecosystem data through software data platforms for battery and charger management, and also through asset leasing business models like BaaS and MaaS.

This strategic collaboration enhances secure, enterprise-level data exchange among key stakeholders, fostering a robust ecosystem for value creation and solidifying Durapower’s innovative business model. Acentrik’s focus on data privacy and compliance will be critical for data exchange across diverse platforms and organisations, considering Durapower’s global presence. By leveraging Acentrik’s Compute-to-Data technology, Durapower is poised to lead in energy management innovation, expand its market influence through strategic partnerships, and achieve sustainable growth, underscoring the critical role of data in establishing market leadership and differentiation in the energy sector.

Looking ahead, Durapower plans to expand its collaboration with Acentrik through strategic initiatives to partner with Mercedes-Benz products and services, such as white-label deployment of Acentrik’s platform and consortium building to foster broader collaboration across the EV and battery ecosystem. These forward-looking plans aim not only to further integrate and harness data for driving innovation and efficiency in Durapower’s operations but also to explore innovative strategies for monetizing battery data.

“Embracing data democracy is pivotal in catalysing the rapid electrification of the energy and mobility sectors. This partnership enables us to collaboratively and seamlessly integrate diverse data platforms, facilitate robust data exchange and foster a cohesive ecosystem of industry partners.”

About Acentrik

Acentrik is an award-winning enterprise solution for decentralized data exchanges. Built for organizations with a focus on creating value out of data, Acentrik’s vision is to revolutionize the world of data exchanges and contribute to the greater ecosystem of enterprises. It is explicitly geared to the needs of organisations, enabling greater data sharing in a private and sovereign manner.

About Durapower Group

Headquartered in Singapore, Durapower offers closed-loop, end-to-end energy storage solutions for the electric mobility and renewable energy applications including on and off-road Electric, Hybrid and Plug-in Hybrid Electric Vehicles, electric marine vessel and stationary energy storage solutions. Since 2009, Durapower has been a leading innovator of Lithium-Ion cell technology, focusing on the research and development of battery materials, battery cell manufacturing and system integration. With a global presence spanning 24 countries and 49 cities, including European Countries, China, India and Southeast Asia. Durapower Group strives to make scalable, sustainable batteries that support the circular economy, empowering lives and transforming the future towards a carbon neutral economy.

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