Dr. Kiran Patel, Florida based Indian-American philanthropist acquires significant stake in Axiom Energy Conversion Limited

Eminent Indian-American cardiologist and serial business entrepreneur Dr. Kiran Patel has acquired a 50% stake in Hyderabad-based electric vehicle (EV) powertrain components manufacturing company Axiom Energy Conversion. The Company manufactures battery chargers, DC convertors, and motor controllers.

Currently, Axiom customers include multiple leading EV original equipment manufacturers and retailers. Pantomath Capital Advisors was the investment banker to the transaction.