Page 6 - Battery Makers

Battery recycling startup BatX Energies raises $5 mn in early stage funding

Battery recycling startup BatX Energies on Tuesday said it raised USD 5 million (over Rs 40 crore) in an early stage funding round led by Zephyr Peacock. Lets Venture as well as existing investors JITO Angel Network and family offices of Mankind Pharma, Excel Industries, and BluSmart also participated in the pre-Series A funding round, BatX Energies said in a statement. The infusion of fresh funds will help scale up recycled battery-grade lithium, nickel and cobalt production and establish a secured nationwide reverse logistics network for sourcing, it added. "Through strategic allocation of these funds, we're poised to power our vision of sustainable energy solutions. We're directing resources towards pioneering R&D initiatives, elevating the production of superior battery-grade materials," BatX Energies Co-founder & CTO Vikrant Singh said. He further said, "This investment propels our mission to expand globally and establish micro facilities nationwide, fostering a future ...

Hindalco Industries plans Rs 800 crore unit in Odisha to tap EV ecosystem

25,000-tonne plant in Odisha's Sambalpur will be commissioned by July 2025

Kinetic's high-speed e-scooter Zulu comes with battery subscription plan

The battery subscription model is claimed to have reduced the acquisition cost by over 35 per cent and offers significant savings on running costs

Himadri Speciality to invest Rs 4,800 cr to make Li-ion battery components

Himadri Speciality Chemical also announced that it has completed the acquisition of a 100 per cent stake in Himadri Clean Energy Ltd

India joins Battery Energy Storage Systems Consortium for RE integration

As part of this collaborative effort, India stands among the pioneering nations committed to securing 5 gigawatts (GW) of BESS commitments by the conclusion of 2024

Gogoro inks pact with HPCL to set up battery swapping stations across India

Nasdaq-listed battery swapping company Gogoro on Monday said it has signed an initial pact with HPCL to set-up battery swapping stations across the country in the coming years. As part of the collaboration, Gogoro will develop a broad battery swapping infrastructure for electric two-wheelers, as it will roll out battery swapping stations across HPCL's retail outlets throughout the country, the company said in a statement. HPCL (Hindustan Petroleum Corporation Ltd), a public sector oil marketing firm, has over 21,000 retail outlets, it added. "We are announcing a partnership with HPCL to roll out thousands of Gogoro battery swapping stations across its retail outlets throughout the country in the coming years," Horace Luke, founder and CEO of Gogoro said. India is in the early stages of a massive electric transformation of its urban two-wheeler transportation system, and it is increasingly evident that battery swapping is a critical component to broad adoption, so building out the .

Epsilon Advanced Materials to build $650 mn EV battery plant in US

EAM expects the North Carolina plant to reach full capacity by 2031, with a targeted annual production capacity of 50,000 standard tons of anode materials

1,200-km range, 10-min charge: Toyota near solid-state battery breakthrough

If successful, Toyota said that solid-state batteries will double the range of EVs up to 1,200 km, and the charging time will be 10 minutes or less

Production of 50 GWh battery cells to start in early 2024: MHI Minister

Currently, batteries are only assembled in India, with cells imported primarily from China, Taiwan, and European nations

India Battery Manufacturing Vision aims 500GWh annual capacity by 2035

Industry body India Energy Storage Alliance (IESA) on Friday unveiled its 'India Battery Manufacturing Vision' targeting over 500GWh capacity by 2035, having potential to create over 2.6 million jobs and bring investment worth USD 35 billion in the country. IESA is focused on the development of advanced energy storage, green hydrogen, and e-mobility technologies in India. "IESA has also set a vision to further scale this capacity to over 500 GWh by 2035 considering the demand growth for both stationary storage and e-mobility in India," said Rahul Walawalkar, Chair, WESD, Founder and President of IESA, and president & MD, Customized Energy Solutions (CES) India, in a statement. He explained that with 'India Battery Manufacturing Vision', the country can generate over 2.6 million jobs and bring in USD 35 billion investments by 2035. IESA is anticipating that the first gigafactory (manufacturing facility that produces components linked to electrification and decarbonization ...

Epsilon to acquire Johnson Matthey's LFP cathode tech centre in Germany

Home-grown battery materials manufacturer Epsilon on Wednesday said it has signed a pact to acquire Johnson Matthey's LFP cathode technology centre in Germany. This acquisition serves as a catalyst for Epsilon's ambitious plans to eventually cater to 100 GwH of demand and also allows it to go to markets with a proven high performance cathode active material produced at scale, the city-based company said. Epsilon, however, did not disclose the financial details of the deal. The global electric vehicle market, valued at USD 380 billion in 2022, is projected to soar to USD 1.5 trillion by 2030, according to Fortune Business Insights, Epsilon said, adding that cathode materials are pivotal to this growth trajectory. Benchmark's report further underscores the urgency, indicating a need for USD 40 billion investments in cathode materials production to bridge the gap between the current supply and anticipated demand by 2030, it stated. The German facility offers technical capabilities an

Eveready Industries India plugs in 'Ultima' to power up premium play

Suvamoy Saha, managing director of Eveready, pointed out that in India, device penetration was low and battery usage traditional

Fresh consultations with stakeholders on battery swapping policy soon

The objective of the meeting is to streamline the standards for battery-swapping technology, ensuring compatibility across various EV models and charging stations

Ford pausing construction of Michigan battery plant amid contract talks

Ford Motor Co. has said that it's pausing construction of a USD3.5 billion electric vehicle battery plant in Michigan until it is confident it can run the factory competitively. The move comes as the company is in the midst of national contract talks with the United Auto Workers union, which wants to represent workers at battery factories and win them top wages. In February, Ford announced plans to build the plant in Marshall, Michigan, employing about 2,500 workers to make lower-cost batteries for a variety of new and existing vehicles. Marshall is about 160 kilometres west of Detroit and is near two major interstate highways. But Ford spokesman TR Reid confirmed Monday that plant construction has been paused and spending has been limited on it. There are a number of considerations, he said in an email. We haven't made any final decision about the planned investment there.

CSIR's first battery recycling pilot facility commissioned in Jamshedpur

The National Metallurgical Laboratory (NML) on Saturday said it has commissioned the first Battery Recycling Pilot Facility of the Council of Scientific and Industrial Research at Jamshedpur to extract critical metals such as Lithium, Nickel, Manganese and Cobalt. It encompasses 1 Ton per day (TPD) battery dismantling and cathode material separation setup, apart from the integrated large-scale hydrometallurgical facility for extraction and separation of those critical metals, said the NML, a constituent establishment of the CSIR, in a statement. Batteries contain chemicals and metals and their dumping attracts environmental concerns due to contamination of water and soil. The facility, set up with the support of CSIR-Bulk Chemical Mission, is able to tackle spent rechargeable batteries belonging to the class of lithium-ion batteries and nickel-based batteries, for process validation and technology transfer under hire-operate-transfer mode. The technology is currently being validate

NITI Aayog spearheads efforts to standardise battery swapping policy

"The objective is to unite all stakeholders under a common policy framework. These consultations are designed to achieve that goal," government officials privy to the development said

Reliance Industries pushes battery unit timeline by 2 years to 2026

This would be one of the rare instances, where the company has changed a stated timeline or target for any business outcomes

Cabinet approves viability gap funding for battery storage system

The VGF scheme for BESS projects was first announced in the Union Budget 2023

Heavy industries' ministry scraps human safety tests for EV batteries

The ministry's testing parameters were more stringent than the MoRTH norms and required checks at three levels - the cell, battery management system, and the battery pack

Led by Burman family, battery manufacturer Eveready plans new category

Company seeks to double revenue by FY27 and new category will help in the target