Delhi-based Inverted Energy opens lithium battery manufacturing facility1 min read . Updated: 05 Nov 2020, 10:02 AM IST
Recently, Inverted Energy launched a new range of Li-ion batteries for electric vehicles, among others.
- The commissioning of the battery plant is aimed at reducing dependence on China.
Delhi-based battery maker Inverted Energy on Wednesday announced the opening of its lithium battery manufacturing facility here.
The commissioning of the plant, which currently has a production capacity of 100 MWh (megawatt hour) annually, is aimed at reducing dependence on China, Inverted Energy said in a release.
"During the lockdown, we realised the drawback of depending on the foreign markets and have worked towards building capabilities, strengthening the team, and working harder resulting in this achievement," said Rahul Raj, co-founder of Inverted Energy.
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Recently, Inverted Energy launched a new range of Li-ion batteries for electric vehicles (EVs) and home energy storages, among others.
"With this capacity addition, the company has extended its journey towards Atmanirbhar Bharat and to create a flexible, cost-effective and optimised market space aiming to reduce dependency (for batteries) on China," he said.
The company said the production capacity at the new plant is expected to increase multifold in the coming month.
Various states in India are coming up with new plans related to electric vehicles, with Telangana recently launching its EV policy exempting road tax for first two lakh electric vehicles, Raj said.
He added, "We want to drive the change towards lithium-ion batteries that are more reliable, cost-effective, durable and made-in-India."
Focused on EVs ( both 2- and 3-wheelers), home storage and solar batteries, this plant will help Inverted achieve the required deliverables in terms of quantity and product quality satisfying increased market demand, the company said.
In the next phase, the company is planning for backward integration of its batteries and developing a customised in-house battery management system, it added.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.