Grinntech executed an MoU with the Government of Tamil Nadu which outlines the Company’s intent to establish a Battery and Battery Management System manufacturing facility in the state of Tamil Nadu to cater to the anticipated growth of Electric Vehicles [EVs] in India.
Grinntech, which has attracted several industry veterans as investors since its incubation at IIT-Madras Research Park, already operates its R&D and pilot manufacturing facility in Chennai. In addition, the Company has outlined plans for outlay of almost Rs. 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 company has showcased a range of high-tech Lithium-Ion batteries, along with their proprietary Battery Management Systems, suitable for 2-wheelers, 3-wheelers, light vehicles and farm tractors. The company is engaged in discussions with a number of OEM manufacturers and fleet operators for supply of Batteries and related systems.
Puneet Jain, Co-Founder of Grinntech, said
We are grateful to the Government of Tamil Nadu for their vision in attracting investment in the fast-growing EV and EV-component sectors. Chennai has had the label of ‘Detroit of the East’. Now, as the global auto industry shifts to electrification, this initiative by the Government of Tamil Nadu will help India’s EV industry be future-ready.
About Grinntech
Grinntech is an investor-backed, growth-phase start-up, specialising in Lithium-Ion batteries for EVs and energy storage systems along with our proprietary BMS and connectivity systems. Our product range has established new standards in safety, intelligent controls, energy-density, power-management, long life, and reliability. Apart from a range of standard products, we also undertake custom battery development for customers in India and abroad. Grinntech works closely with leading global technology companies and cell suppliers, bringing cutting-edge advances in semiconductor, materials, cell-chemistry and formats.