Power Global will set up a lithium-ion battery factory in Greater Noida.
Power Global is setting up a 1 GWh capacity battery plant in Greater Noida, Uttar Pradesh. Apart from this, the company aims to retrofit 8 lakh conventional three-wheelers in India and convert them to electric versions.
New Delhi. America’s clean energy and mobility startup Power Global plans to invest about Rs 185 crore ($ 25 million) in India within the next two to three years. A top Power Global official said that the company will make this investment to set up a lithium-ion battery manufacturing unit and battery swapping infrastructure.
Power Global is setting up a 1 GWh capacity battery plant in Greater Noida, Uttar Pradesh, adjacent to the capital Delhi. Apart from this, the company aims to retrofit 8 lakh conventional three-wheelers in India and convert them to electric versions. The company will make the retrofit vehicles compatible with the use of its own batteries.
Power Global’s Chief Executive Officer (CEO) Pankaj Dubey said that we are setting up a battery factory in Greater Noida. It will be a one GW hour capacity factory. With this, four lakh batteries can be made in this factory on an annual basis. He said that production is expected to start from this factory by the third quarter of the next calendar year. Power Global will also manufacture retrofitting kits at the Greater Noida factory.
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