Battery technology is the centrepiece of the Electric Vehicle ecosystem. There are a number of start-ups in the country making headway into research and development of battery technology and supporting domains.
This list features the most innovative, technology-driven Indian start-ups in this space (in no particular order) as of Jun 2020. The focus areas of these companies cover a wide range including indigenous battery design, repurposing of used batteries for second-life applications, research on new battery chemistries, development of supporting software, and firmware.
Ion Energy | Mumbai
Founded in 2016, Ion Energy focuses on battery design, battery data analytics and development of Battery Management Systems (BMS).
The start-up takes a software-first approach for improving battery life and performance. Ion’s flagship product is an advance Battery Intelligence platform called Edison Analytics that helps identify reasons for battery degradation and suggests corrective measures to increase battery life. The company also provides a platform for battery manufactures & OEMs to accelerate BMS development. ION’s electronic PaaS (Platform as a service) solution allows companies to get their own BMS while slashing electronics cost by up to 40% and getting their product from the design phase to the market in as little as three months.
ION Energy acquired a French BMS company Freemens SAS in Feb 2018. EVreporter recommends the excellent blog on Ion Energy’s website as a learning resource for batteries and BMS.
Log 9 Materials | Bangalore
Founded in 2014, Log9 Materials is a leading startup in the field of nanotechnology.
Log9 Materials is the largest manufacturers of graphene in the country. With an aim to make global energy 100% clean, the start-up has developed aluminium fuel cells for both mobility and stationary energy applications. Their aluminium fuel cells can power an electric car to run over 1,000 km without needing to recharge. The company is currently focussed on building stationary power generation systems and eventually progress to mobility applications.
Log 9 has so far raised $3.9 M in seed and Series A rounds. Watch this video for more information on start-up’s technology and a look the electric car powered by the same.
Grinntech | Chennai
Founded in 2018, Grinntech works on Lithium-ion cell to pack technology and supplies Li-ion battery packs for multiple EV applications.
The technology is indigenously developed and helps cater to the application-specific needs of the Indian EV industry. They are based out of IIT Madras Research Park.
Grinntech has also developed patented technology in partnership with Qualcomm for its electric two-wheeler battery targeted at swapping applications. The company website claims it to be 7.5 times more capable than the average battery management system.
Grinntech stood third in the ‘Design in India Challenge’ by Qualcomm in 2019. In Aug 2020, the start-up raised $2 million from four new investors including former vice-chairman of Ashok Leyland – V Sumantran and Cognizant co-founder – Lakshmi Narayanan.
Lohum Cleantech | Delhi
Founded in 2018, Lohum provides a battery lifecycle solution, including first life battery packs, second-life battery packs and end of life material extraction.
Lohum performs full-stack recycling of used Li-ion batteries to extract materials such as Cobalt, Graphite, Manganese sulphate and nickel sulphate, which can be further used to produce new Li-ion cells.
The company also manufactures Lithium-Ion Battery Packs for low power mobility applications such as electric 3Ws and scooters. The battery packs are designed keeping in view the hot and dusty environmental conditions and feature vibration suppression for uneven roads.
Using second life battery packs, Lohum has clocked over 1 million miles of on-road data. In Jan 2021, raised USD 7 million in funding led by Baring Pvt Equity Partners.
Gegadyne Energy | Mumbai
Founded in 2015, Gegadyne Energy has patented the technology that will offer higher energy density and longer lifecycles than Li-ion batteries and allow 0-100% recharging in 15 mins.
The technology has been developed in India and uses patented advanced nanomaterial composites. Unlike Lithium-ion, the constituent materials for Gegadyne’s batteries can be sourced from within the country and will have no import dependencies. The company expects to debut the technology commercially in 2022.
Gegadyne Energy was awarded ‘Energy Startup of the Year’ at the 9th Annual Entrepreneur Awards 2019 and the founders were featured in Forbes India 30 under 30 in 2020. Raised an undisclosed amount from Mumbai Angels and Kishore Ganji. In Jan 2021, Gegadyne announced raising 5M USD from V-Guard as a part of Series A.
Ziptrax Cleantech | Delhi
Founded in 2016, Ziptrax has developed advanced technology for Li-ion Battery life extension, reuse and circular-loop recycling.
The company assesses the State of Health of used Lithium-ion batteries and re-fabricates the battery packs for suitable second life applications in mobility or stationary storage. Ziptrax also claims to extend the service life of Li-ion batteries by combining it with their AI-based Technology and IoT enabled hardware. This makes their refurbished Lithium-ion batteries last for over 30% longer.
Alongside, Ziptrax recycles the used batteries for critical battery materials like lithium, cobalt and nickel.
Ziptrax is among the Shell E4 incubated start-ups.
Inverted | Delhi
Founded in 2017, Inverted Energy develops energy storage technologies.
Inverted has developed an ecosystem of integrated products designed to enable any residential, commercial or industrial building to generate, store and consume its own energy. The Lithium-Ion Batteries developed by Inverted are sold under the product name ‘Lithium Plus’ and come with an intelligent battery management system.
Here’s a snapshot of the battery tech companies discussed above:
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