LIB a leading lithium-ion battery manufacturer in India has signed an agreement with VoltUp, a Battery-as-a-Service (BaaS) start-up, to provide 50,000 lithium-ion batteries in 2024, followed by an additional 500,000 batteries over the subsequent three years.
As per the understanding, LIB will provide VoltUp with modular batteries designed by VoltUp’s in-house team for both electric two- and three-wheelers. LIB says that its specially designed batteries have been approved for AIS 156 Phase 2.
Sudharshan Shelgaonkar, CEO, LIB said “This agreement with VoltUp underscores our mission to power the future of e-mobility in India. Our expanded manufacturing capacity will ensure the delivery of world-class, innovative batteries to meet the rising demand in the EV sector. Our advanced reliability testing facility along with the vastly experienced R&D team working on cutting edge technologies like IoT, Robotics, and telematics is further expected to benefit the industry in rolling our industry-leading products.”
At present, LIB says it has capability of manufacturing approximately 1 GWh. It is ramping up to scale its capacity to 3 GWh by 2025.
Siddharth Kabra, Co-Founder & CEO, VoltUp said, “Our partnership with LIB enables us to drive the e-mobility revolution in India by providing high-quality, safe, and technologically advanced batteries for electric two- and three-wheelers. It further bolsters our commitment to reducing carbon emissions and fostering a cleaner, greener India.”
Together, the partners say they are dedicated to continuous collaboration, with VoltUp focusing on introducing newer chemistries and LIB utilising their advanced manufacturing capabilities to further setting the stage for a sustainable transportation ecosystem in India.
