Its founders, including current CEO and indirect majority shareholder Sven Schulz, renamed the Company to Akasol GmbH in 2012. The Company is based in Darmstadt and runs its main production facility in Langen, Germany. The facility currently has a total capacity of up to 300 MWh, which will be expanded to 800 MWh by 2020. According to AKASOL, this is Europe's largest lithium-ion battery system production plant for commercial vehicles, which can currently produce battery systems per year for up to 3,000 fully electric buses or for up to 6,000 medium-sized commercial vehicles, depending on battery size. Based on its extensive experience in the field of high performance Li-Ion battery systems, AKASOL develops, tests, validates, manufactures and distributes rechargeable, functional and standardized Li-Ion battery modules including battery management system and thermal management features. The Company has become the strategic battery system supplier for leading manufacturers from its target industries, including two of the world’s leading commercial vehicle manufacturers, Alstom, Bombardier, Rolls-Royce Power Systems (MTU Friedrichshafen) and several more. AKASOL has a technology-independent product portfolio. This allows the Company to use the best battery cells and battery chemistry according to the clients' individual needs.