Page 8 - Battery Makers

Battery-tech startup EMO Energy raises $1.2 million in seed funding round

Battery-tech startup EMO Energy on Tuesday said it has raised USD 1.2 million (nearly Rs 10 crore) in a seed funding round led by Transition VC and co-led by venture capital firm Gruhas. EMO offers battery packs for light electric vehicles (EVs) using its proprietary cell agnostic technology, ZEN provides fire safety and 20-minute fast charging among other features. It aims to implement battery-powered solutions in high power and high energy applications to aid decarbonisation, a release said. "Transition VC and Gruhas are the ideal early-stage partners for our mission as they're just as committed to implementing safe, reliable battery technology at scale. We believe that their insight, expertise, and perspective are going to be instrumental to our success as a startup," EMO Co-founder & CEO Sheetanshu Tyagi said. On its investment in EMO, Transition VC Co-founder & Managing Partner Mohammed Shoeb Ali said, "As the EV landscape in India continues to evolve, concerns pertaining

Tesla discusses incentive scheme for auto sector with Indian officials

Tesla Inc asked how it could take part in domestic incentives in India related to car and battery manufacturing

Eveready Industries cuts number of direct distributors to 1,000 from 5,000

Batteries and flashlights maker Eveready Industries India Ltd has cut the number of its direct distributors to 1,000, from 5,000 earlier, as part of a network revamp strategy to drive efficiency, according to company Managing Director Suvamoy Saha. The company, in which the Burmans of Dabur had acquired a majority stake last year and became promoters, is seeking to "surpass the growth percentage achieved in FY23" in the ongoing financial year. "As we continue our journey to scale up our revenues, efforts are underway to make our distribution network more efficient. Our teams have studied the demand pattern and key customer requirements and have effected changes to streamline the route-to-market processes," Saha told analysts. He further said changes have been affected not only across the organisation but also across its "channel structures wherein we have reduced our direct distributors from an earlier number of 5,000 to a more efficient 1,000". "We have managed this change without

Sunlit Power to invest Rs 100 cr in battery production facility in 2 years

Batteries maker Sunlit Power on Monday announced plans to invest Rs 100 crore over the next two years to set up an automated manufacturing facility in Pune. The company, the maker of ARENQ brand of batteries, also said it plans to expand its presence across Kerala, Chennai, Delhi, and Bangalore in the current financial year. The company has a 100 MW-capacity production unit in Nandurbar (Maharashtra), which is not automated. Besides, it has an existing sales and service branch in Thiruvananthapuram. The facility, which is already under construction and is expected to be completed by October this year, would have a capacity of 200 MW per month, Sunlit Power said. Automating its manufacturing units is just one of the many plans, the company said and added that it is eyeing business association with a multinational corporation and a major two-wheeler manufacturer. The company said it will be producing solar off-grid solutions and inverters for the MNC and batteries for high-speed ...

Tesla new battery plant in Shanghai cements China's place in energy storage

China already had more than 1,400 gigawatt-hours of battery manufacturing capacity, with another 6,000 gigawatt-hours under construction or announced

India Grid commissions its first battery energy storage system project

India Grid Trust on Wednesday said it has commissioned its first battery energy storage system (BESS) project coupled with its solar panels at the Dhule substation in Maharashtra. The project will meet the substation's auxiliary consumption requirement, a company statement said. It will not only "reduce our emissions but also act as a prototype for expanding our presence in energy transition opportunities in the sector," it stated. This facility will also act as a test bed for augmenting IndiGrid's capabilities to participate in energy transition opportunities in solar and BESS space, Chief Executive Officer, Harsh Shah said. "As operations at this project stabilize, we look forward to replicating similar systems across our other substations and reduce emissions of our operations," he added. IndiGrid is the first infrastructure investment trust in the Indian power sector. It owns 17 power projects, consisting of 46 transmission lines with more than 8,416 ckms (circuit kilometers)

Wardwizard starts operations of in-house lithium-ion battery assembly line

Electric vehicle maker Wardwizard Innovations and Mobility has commenced operations of its in-house lithium-ion battery assembly line with a capacity of 1 GWh, the company said on Friday. The company has accomplished the target of rolling out the first batch of assembled battery packs recently from this unit, it said. Wardwizard Innovations and Mobility in May last year announced its plan to set up a Lithium-ion cells manufacturing facility in Gujarat. Aiming to strengthen the battery infrastructure in India, the company also had signed a Memorandum of Understanding (MoU) with a Singapore-based renewable energy management consulting firm, Sunkonnect. The facility is part of the phase-1 development of the electric vehicle ancillary cluster at Vadodara in Gujarat, the company said. It also said that the company further plans to expand its R&D operations and production of electronic components in the EV Ancillary cluster. "As we are observing rising demand for EVs, quality and safet

South Korea's battery giants Samsung, LG in hot demand from US to Europe

Eight US states - including Kentucky, Georgia, North Carolina, Tennessee and Indiana - delivered presentations on the benefits they can offer Korean firms as a base for new manufacturing plants

Another $237 million granted to Honda battery plant project in Ohio

Ohio's privatised economic development office has finalised an agreement with Honda to infuse USD 237 million into development of a massive battery plant project that the Japanese automaker plans to use to transform the state into its North American electric vehicle hub. JobsOhio posted details of the package of three grants on Wednesday. They include a USD 140 million economic development grant for the plant Honda is building jointly with LG Energy Solution of South Korea, a USD 10 million workforce grant for the project itself and USD 87 million to retool Honda's existing facilities. The money, payable over the next 10 years, comes on top of the approximately USD 156.3 million in tax incentives and infrastructure improvements that the state of Ohio is putting toward the project. Officials say the battery plant will be located in rural Fayette County, about 40 miles (64 kilometers) southwest of the state capital of Columbus. Honda and LG have agreed to create 2,527 new jobs and mo

Sunlit Power partners with Lucas TVS for supply of 50,000 EVs to industries

Storage battery maker and distributor Sunlit Power has collaborated with Lucas TVS under which it will supply 50,000 electric vehicle motors and controllers manufactured by TVS group company to various industries, a release said on Monday. It will include motors with 1kw-15kw capacity for various applications including those for two-wheelers, high-speed passenger autos, and pick-up vans, Sunlit Power, which manufactures ARENQ brand of batteries, said in a statement. The three-year partnership with the automotive electrical component maker will also help the company extend its sales and marketing services to facilitate the distribution of these motors and controllers pan-India, the battery manufacturer said. "This collaboration is a step towards bolstering the EV powertrain industry in India. Our sales and service expertise, combined with Lucas TVS's motor manufacturing expertise, will provide automakers with high-end support. Also, we are looking forward to bolstering the capabiliti

Hero Electric partners with Maxwell for battery management systems

Hero Electric on Monday said it has entered into a long-term partnership with Maxwell Energy Systems for the supply of advanced battery management systems. Under the partnership, Maxwell will supply more than 10 lakh units of its battery management systems (BMS) over the next three years to Hero Electric, the company said in a statement. Hero Electric CEO Sohinder Gill said the BMS solution from Maxwell will help the company provide safe and performance-oriented EVs to its customers. "This partnership will also help us build the local supply chain and support the Make in India mission, further reducing our import dependency. With Maxwell on board, we now have two solid reliable partners to future proof our battery designs," he added. Maxwell's newly designed automotive-safe BMS supports multiple chemistries and configurations to cater to the entire e2W range of Hero Electric. It also comes with additional technical capabilities such as high-side switching and hot-plugging for seaml

Deeptech battery startup Log9 raises $40 million, aims global footprint

Log9, backed by its recent series of investments, aims to solve the challenges around safety, reliability, and performance by investing further into cell and battery technologies

JSW Energy arm bags two battery energy storage system projects from SECI

Energy storage system of 500 MW/1,000 MW means 500 MW of battery energy can provide power backup for two hours, giving total output of 1,000 MW

Tata Group planning to set up EV cell-manufacturing operations in Europe

Tata is finalizing plans and will announce details soon, he said, declining to disclose the location of the facility and a time frame

India's EV battery challenge to China hampered by lithium, copper crunch

India has only a fraction of the raw materials needed to satisfy domestic demand for lithium-ion batteries - forecast by Crisil to grow 100 fold by 2030 - let alone produce on a global scale

Battery-swapping design norms to be voluntary, policy to be out this month

According to industry representatives present at the meeting, Goyal agreed to make the standardisation norms optional for battery manufacturers after receiving a request from stakeholders

Tiger Global-backed Battery Smart raises Rs 75 cr in funding from Stride

Company will use the financing to add more batteries to its network and expand services

Stride Ventures invests Rs 75 cr in swapping network provider Battery Smart

Venture debt fund Stride Ventures on Thursday said it has invested Rs 75 crore in battery swapping network provider Battery Smart. Battery Smart, which provides swapping networks for electric two and three-wheelers, will use the fund to add more batteries to its network and expand to new cities across India, the company said in a statement. Till date, the start-up has completed over 60 lakh battery swaps, setting up more than 440 live swap stations with over 13,000 customers in over 12 cities in India, it added. "By working towards building a robust EV ecosystem, Battery Smart is taking a proactive approach to drive the adoption of electric transportation, and we are proud to support their efforts," Stride Venture Founder & Managing Partner Ishpreet Singh Gandhi said. Battery Smart Co-Founder Pulkit Khurana said the company is looking to further strengthen its EV battery-swapping network in India. "By expanding our footprint across more cities and deploying additional batteries .

Rising battery prices threaten to derail arrival of affordable EVs

There are several factors driving the uptick in prices, but the single most important one is rising costs for materials including cobalt, nickel and lithium

Can India become a global EV battery player?

Given the capital-intensive nature of the EV sector, Indian firms will have to grab a share of the global battery demand pie to turn a profit. Can Indian industry succeed in this ambitious venture?