Electric vehicles have the battery as their main component and the 60% of the EV’s cost is due to them only. The biggest challenge today in India is the fact that the batteries are imported and due to this the cost of the EV goes up.
iPower Batteries Pvt Ltd which is headquartered in New Delhi, while the manufacturing unit is based in Kundli, Haryana, has decided to manufacture them at their 50,000 sq ft state-of-the-art facility; which is fully IMS certified (ISO 9001-2015,14001:2015,45001:2018) & producing high-quality Lithium-ion batteries.
All government compliance’s like ICAT, ARAI, govt recognition for the R&D are in place. So far, they have invested approximately Rs 20 million in it and with time intend to invest more with regards to the growing demand for the product.
With a legacy of 30 years in the battery industry and market experience, Computech Systems formed the base for iPower to take off, which started out with trading in batteries.
iPower Batteries Pvt Ltd was incorporated in Dec 2019 with the intent of manufacturing lithium-ion batteries for automotive and allied applications.
Currently, the iPower in-house R&D team is working on developing cells in-house and aim to deliver a world-class Li-ion cell in the next 2-3 years. As of today they only assemble Li-ion batteries with cells imported from different countries like Chile, Japan and PRC. They have an infrastructure of manufacturing 500 battery packs per day.
This is a Businesswire Feed; edited by Clean-Future Team