Battery and UPS Manufacturing Company Investment Opportunity in Chennai, India

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.

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.

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.

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.

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.