Hyderabad-based energy technology firm Godi India proclaimed it has raised funds from Blue Ashva Capital through its Blue Ashva Sampada fund to build supercapacitor and lithium-Ion cell manufacturing facilities in India.
The firm said it intends to commercially manufacture advanced lithium-ion cells and supercapacitors and would continue to develop ground-breaking materials with unique cell chemistries, superiorly engineered batteries, and
supercapacitor cells.
It said that it forayed into the manufacturing of lithium-ion cells due to performance issues that arose from the imported cells.
“To maintain a competitive price per cell, many battery packs and EV OEMs import low-grade cells that do not perform efficiently in Indian climatic and driving conditions. Moreover, during sea shipping under uncontrolled storage conditions, these cells often suffer from electrolyte leakage leading to corrosion, increased internal resistance, and safety concerns,” GODI Energy stated.
It added that in 2021, the demand for Lithium-ion cells in India is expected to stand at 10 GWh and this demand is likely to reach 800 GWh by 2030. “To keep up with this demand, battery packs and EV OEMs are currently importing cells from various countries. These cells have several issues related to performance, safety, and cost,” it stated.
Founded by Mahesh Godi, Founder and CEO of GODI Energy, the firm focuses on R&D and manufacturing of sustainable energy technology products.
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