Battery and UPS Manufacturing Company Investment Opportunity in Chennai, India
Setting up 2 gigawatt prismatic module & pack manufacturing facility in Chennai.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Battery and UPS Manufacturing |
| Locations | Chennai |
| Local Time | 9:07 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
5.7 million
for
10.0%
stake
(Native Currency: INR 500,000,000)
Reason: INR 50 crores for 10% equity.
INR 60 crores in debt.
Total requirement of INR 110 crore.
Uses of ...
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Includes physical assets worth
USD
2.84 million
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Business Overview
The company has signed an MoU & received G. O from the government to invest INR 290 crore and create 350 jobs.
The government has awarded a 20% capital subsidy on the investment and we will receive INR 58 crore & other incentives like an employment pension refund, a land subsidy of up to 50%, a tax rebate, and others.
The company has leased 7 acres of land in Avadi Outer Ring Road Chennai & acquired 3.6 acres in Sriperumbudur for the factory & future development.
- The company is setting up a 2-gigawatt prismatic module & pack manufacturing facility and scaling it to 20 gigawatts in the existing land parcel with state-of-the-art automated equipment & plant.
- Entered a technology partnership & cell supply agreement with global leading cell manufacturing companies.
- Team has vast experience in lithium-ion phosphate batteries with the CTO having managed a 30 gigawatt battery manufacturing facility in the UK.
The factory will be operational in August next year.
The government has awarded a 20% capital subsidy on the investment and we will receive INR 58 crore & other incentives like an employment pension refund, a land subsidy of up to 50%, a tax rebate, and others.
The company has leased 7 acres of land in Avadi Outer Ring Road Chennai & acquired 3.6 acres in Sriperumbudur for the factory & future development.
- The company is setting up a 2-gigawatt prismatic module & pack manufacturing facility and scaling it to 20 gigawatts in the existing land parcel with state-of-the-art automated equipment & plant.
- Entered a technology partnership & cell supply agreement with global leading cell manufacturing companies.
- Team has vast experience in lithium-ion phosphate batteries with the CTO having managed a 30 gigawatt battery manufacturing facility in the UK.
The factory will be operational in August next year.
Products & Services Overview
Focus on lithium-ion phosphate batteries for electric vehicle manufacturers.Battery and energy storage systems for renewable energy like solar and wind for 24/7 sustainable energy. (1MW to 100 MW)
Industrial application batteries for data centers, telecom towers, and UPS.
Assets Overview
Tangible assets:- Land for factory 3.6 acres purchased.
Intangible assets:
- Government MoU & G. O. Award worth INR 58 crore in Subsidy & INR 20 crore in other subsidies (total INR 78 crore).
- Technology partnership & cell supply.
- Equipment purchase partnership.
- Leased land of 7 acres for our factory.
Facilities Overview
The company has leased 7 acres of Land in Avadi Outer Ring Road Chennai & acquired 3.6 acres in Sriperumbudur for the factory & future development.
Capitalization Overview
Promoters have funded the company and now plan to raise external capital to set up the factory and expand of business.Plan to raise INR 50 crores in equity for 10%, and raise 60 crores in debt from our existing bank with promoters collateral.
Recent Activity
-
5 days, 16 hours agoBusiness Consultant & Advisor, Trading, Jakarta, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder And Principal Strategist, Mumbai, M&A Advisor connected with the Business
-
Earlier than 15 daysExecutive Director, New Delhi, Financial Consultant connected with the Business
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