The automotive battery market in India is expected to increase at a CAGR of around 20 percent due to the increasing focus on EVs by the government and rising environmental awareness among people. Rising fuel costs, pollution, and government subsidies drive the EV revolution. The industry is also undergoing a learning curve due to stricter AIS norms, and only high-quality suppliers are likely to survive in the long term. Established in 2018, Stefen Electric manufactures world-class lithium-ion solutions for all categories of electric vehicles ranging from e-bikes to 600V batteries for heavy commercial electric vehicles.
Customers in the automotive battery industry are primarily concerned with the safety and reliability of battery packs. However, gauging battery reliability takes time and effort, leading to significant pain points for customers, particularly EV manufacturers. To tackle these challenges, Stefen Electric addresses reliability and safety issues at the design stage through rigorous testing and validation. The company sources raw materials from approved suppliers and conducts thorough testing at every production stage, from incoming to finished goods. Stefen Electric's battery packs also feature Smart BMS and Over the Air connectivity for performance monitoring and analytics to ensure safety and improve pack performance. The company has acquired a solid client base through
quality customer acquisition and has over 250,000 battery packs running successfully in various countries, including India, the US, Europe, Africa, New Zealand, Mexico, and Sri Lanka. "With battery packs available for every segment of Electric vehicles, be it an E-bike or a heavy-duty electric commercial vehicle, and focus on quality and reliability, Stefen Electric has emerged as a leading player in the industry", says Ashish Gupta, Founder, Stefen Electric.
Stefen Electric offers a range of battery packs catering to various high-power applications, including e-bikes, premium high-speed scooters, electric motorcycles, 3W L5 category and 4W small cargo electric cars, and heavy-duty construction equipment. The company's products feature reputed brand cells and an in-house developed battery management system, ensuring quality, reliability, and safety as the cornerstones of each product. Stefen Electric provides end-to-end solutions to customers, from design and testing to prototyping and mass production. Prototyping feedback is used to develop a homologation file, and production begins after technical signoff and commercial closure. "The company places a strong emphasis on understanding customer requirements to ensure the right solution is provided", says Ashish.
Stefen Electric is a fast-growing manufacturer of reliable, high-quality lithium-ion battery solutions for the EV industry, with a commitment to sustainability
Powering the Future of EVs
Stefen Electric is a distinguished player in the EV industry, with a reputation for manufacturing reliable and high-quality premium battery packs. The company's expertise lies in its strategic partnerships with reputed cell manufacturers like Panasonic India, providing direct access to high-quality cells from the factory. Stefen's in-house designed and developed automotive-grade battery management system is another critical differentiator, scalable to any voltage and current rating for heavy-duty EV applications. Stefen Electric's team of highly motivated individuals with years of grooming and training brings a perfect mix of energy and experience. Its unwavering commitment to quality is demonstrated by fully traceable packs with test reports, reflecting its focus on transparency and trustworthiness in manufacturing.
Stefen Electric plans to increase its annual capacity from 210MWh to 1GWh by 2025, investing in production and efficiency. It aims to develop and produce high-voltage battery packs for heavy-duty EV applications while opening service stations at strategic locations to provide quick service to B2B customers.