Grinntech, a start-up specialising in lithium-ion batteries for electric vehicles (EVs) and energy storage systems, announced that it has signed an MoU with the Tamil Nadu government to establish a battery and battery management system manufacturing facility in the State.
In a press release, Grinntech said it has planned an outlay of around ₹100 Crores for R&D, product development and production facilities which will lead to the employment of 250 staff over the next five years.
The IIT-Madras Research Park-incubated company already operates its R&D and pilot manufacturing facility in Chennai. It is currently in discussions with OEM manufacturers and fleet operators for supply of batteries and related systems.
The company also announced the appointment of E Balasubramoniam as President of Grinntech. Prior to this, Balasubramoniam held leadership roles in Maruti-Suzuki, Tata Motors and most recently as Senior Vice-President at Ashok-Leyland and CEO of the Nissan-Ashok Leyland JV.
This a Syndicate News Feed; edited by Clean-Future Team