JLNPhenix to invest INR 200 Crore to expand its product portfolio in India

 JLNPhenix Energy Pvt Ltd, a subsidiary of Singapore-based CLN Energy PTE Ltd, plans to enter into the manufacturing of EV Powertrain components at its new 3rd manufacturing unit at Hyderabad. 

The company will manufacture e-mobility powertrain components at the Hyderabad plant, such as hub motors, mid-drive motors, motor controllers, DC-DC converters, wiring harnesses, and vehicle display units, said a company statement.

The Hyderabad manufacturing facility has an expected investment outlay of approximately INR 200 Crores.

The company already has two lithium-ion battery manufacturing plants in Noida and Pune and clocked a revenue of INR 122 crores last year.

Established in 2019, JLNPhenix Energy Pvt Ltd assembles Lithium-ion Batteries for applications like E2W, E3W, E4W, Traction, Drones, Residential and Industrial (ESS) Energy Storage Systems and other specialized use cases at its plants in Noida and Pune. The company caters to major EV OEMs, and the Hyderabad facility will further expand its market reach pan India. They’re also looking forward to expanding their employee strength, which currently stands at 300 plus. 

Mr Sunil Gandhi, CEO of JLNPhenix Energy, said, “Hyderabad manufacturing plant marks the dawn of a new era for JLNPhenix Energy as we gear up to introduce new products and features and integration of  EV Batteries and Powertrain components for the EV industry. Last year, we clocked a revenue of Rs 122 cr. On the back of our exponential growth, we’re now well-equipped to launch a new plant in Hyderabad. Acting on our mission to provide adequate support and deliver on the Atmanirbhar & Green Energy Initiative in India, we are also coming up with new business-use cases and innovations to support the changing needs of brands. We would like to extend our gratitude to the government of Telangana for supporting us with the market entry”, he added.