India’s Energy Transformation: Amara Raja’s Entry into Lithium Cell and Battery Pack Production

India’s Energy Transformation: Amara Raja’s Entry into Lithium Cell and Battery Pack Production

Amara Raja, a battery manufacturer, has begun building on Telangana’s first gigafactory for the manufacturing of lithium cells and battery packs in the Mahbubnagar neighbourhood. Up to 16 GWh of energy can be produced at the facility and distributed to both domestic and international markets. Approximately 4,500 direct employment and an equal number of indirect jobs are projected to be created by the gigafactory.

Amara Raja Advanced Cell Technologies, which has been creating Li-ion cell chemistries especially suited for the conditions on the Indian subcontinent and already offers lithium battery packs and chargers to original equipment manufacturers of 2- and 3-wheeled vehicles, and the Telangana government recently signed an MOU.

Supporting India’s Electric Vehicle Ecosystem: Amara Raja’s Lithium Cell and Battery Pack Production

According to Indian market news, Vikramadithya Gourineni, Executive Director of Amara Raja Batteries, explains that the company’s entry into the manufacturing of lithium cells and battery packs will be a huge game-changer in India’s energy transformation. The Telangana government continues to prioritise electric transportation, according to T. Rama Rao, minister of Industries and commerce. To encourage and accept electric vehicles, the government is committed to creating the necessary ecosystem and infrastructure.

The “Amara Raja Giga Corridor” is the location of the Amara Raja E +Ve Energy Labs, which focuses on cutting-edge energy research and innovation. Amara Raja and other players in the energy and mobility ecosystem will have access to the labs and cutting-edge testing facilities at the site for product research, prototype development, analysis of the life cycle, and Proof of Concept demonstration. To manufacture Li-ion batteries, the company in November established a wholly-owned subsidiary called Amara Raja Advance Cell Company. The company had earlier announced that it will make up to 5 billion (or $60.81 million) in shares, loans, or other kinds of instruments.

As per latest business news, Amara Raja and Petronas Ventures provided $40 million in Series B funding in January to Log9 Materials, a maker of cutting-edge batteries and fuel cell technology based in Bengaluru. The company’s net profit for the second quarter of the fiscal year 2023 increased by 40% to 2.02 billion ($24.54 million).

India’s Energy Transformation: Amara Raja’s Entry into Lithium Cell and Battery Pack Production