<article>While ION Energy has acquired French battery management company Freemens SAS, ICICI Bank has picked up a minority stake in digital payments startup Tapits Technologies.</article>

While ION Energy has acquired French battery management company Freemens SAS, ICICI Bank has picked up a minority stake in digital payments startup Tapits Technologies.
<h3>ION Energy acquires French firm Freemens SAS</h3>
Clean energy tech startup <a href="http://dealstreetasia.com/tag/ion-energy" target="_blank" rel="noopener">ION Energy</a> has acquired French battery management company Freemens SAS for an undisclosed amount.
Under the terms of the cash plus equity deal, the entire Freemens engineering and sales team will join the core team of ION Energy.
US and Mumbai-based clean-tech startup ION Energy builds high-performance energy storage systems and electric vehicle infrastructure. The acquisition is part of the company’s aim to expand its portfolio of customers across India, the US and other parts of EU.
&#8220;Partnering with ION gives us the firepower to address a much larger market and increase our ability to service existing customers. Together we will build some deep technology to disrupt both the EV and energy storage markets,&#8221; Freemens SAS founder and CEO Alexandre Collet, who joins ION as co-founder and VP of Engineering, said.
Last year, ION Energy had raised an undisclosed amount of angel funding from Haptik founders Aakrit Vaish and Swapan Rajdev, and the chairman of OMC Power and founder of Nippo Batteries Sushill Jiwarajka in May 2017.
<h3>ICICI picks up minority stake in fintech startup Tapits</h3>
India&#8217;s largest private sector lender <a href="http://dealstreetasia.com/tag/icici" target="_blank" rel="noopener">ICICI Bank</a> has acquired a minority stake in digital payments startup Tapits Technologies, which helps merchants accept digital payments through Aadhaar biometrics.
According to a filing to the stock exchanges, ICICI is investing Rs 99 lakh ($154,000) to pick a less than 10 per cent holding in the company.
Founded in April 2016, Tapits reported revenues of less than Rs 100,000 for the financial year 2016-17.
&#8220;The objective of this investment is to promote digital and Aadhaar based payments,&#8221; said ICICI. 
The transaction is expected to be completed by end-February 2018.
Also Read:
<a style="color: #ff0000;" href="https://www.dealstreetasia.com/stories/72366-72366/" target="_blank" rel="noopener">ION Energy raises angel round of funding</a>
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While ION Energy has acquired French battery management company Freemens SAS; ICICI Bank  has picked up stake in fintech startup Tapits Technologies.

India Dealbook: ION Energy acquires French firm Freemens SAS; ICICI backs Tapits

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India Dealbook: ION Energy acquires French firm Freemens SAS; ICICI backs Tapits

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