: Delhi Startup Sell Batteries to Indias Top EV Makers, Records Rs 50 Cr Annual Turnover #IndiaNEWS #Delhi Ipower Batteries, a Delhi-based startup, reached an annual turnover of Rs 50 crore in the Financial

Delhi Startup Sell Batteries to Indias Top EV Makers, Records Rs 50 Cr Annual Turnover #IndiaNEWS #Delhi
Ipower Batteries, a Delhi-based startup, reached an annual turnover of Rs 50 crore in the Financial Year (FY) 2020-21, despite the hit their business took during the pandemic.
(Image above Ipower MD and Founder Vikas Aggarwal on the left and his facility on the right. )
Manufacturing and supplying lithium-ion battery packs for different electric vehicle (EV) companies including Gemopai, Benling India, Okinawa Autotech and Ampere Electric, the Delhi-based startup serves 15 of the top 20 EV two-wheeler makers in the country. Cumulatively, they make lithium-ion battery packs for approximately 100 Original Equipment Manufacturer (OEMs) across two, three and four-wheeler (L5 Category) makers that are tailor-made to their specifications and requirements.
Apart from battery cells, which Ipower imports from Japan, South Korea and China, everything else is designed and made in-house thanks to their Central government-approved research and development (R&D) facility. However, it has only been three years since the startup began manufacturing lithium-ion battery packs.
“In the EV segment, we began our journey in 2011 supplying lead-acid batteries to OEMs making low-speed two-wheelers like Hero Electric and their retailers and distributors across India. However, we stopped making them because lead is a serious health and environmental hazard as well. In the past three years, we have switched gears from lead-acid to the more efficient lithium-ion, for which we have an in-house government approved R&D laboratory. There we design and develop the battery technology best suited for the Indian environment, geography, [high temperature] climates and consumer requirements such as seeking greater mileage and cost efficiency,??? says Vikas Aggarwal, Founder and Managing Director of Ipower, speaking to The Better India.
Inside the Ipower Batteries manufacturing facility in Kundli, Haryana.
Making EV Batteries for India
It was only in April 2020, when Ipower broke away from its parent company, Computech Systems, which is in the business of making UPS systems, SMF (Sealed Maintenance Free) batteries and laptop chargers, among other products. Established by Vikap?&H?]?H]H??Y????[[?NNL???]X???[????XY[H[?[??[??[?]???[????[?[??LH^HX?YY?]???Y?H[??H???[?U??X???]H?????[??[YK???'??H???H?Y[???XYXX?Y?]?Y????S?[?H??H???[?[?X[?U?X??]?H??X?]?H???&]Y?[H?XZ?H[?^H?]Y?[YH?H??[??H?H?YX?[???ZX?[??][?X??]?H[??[????H?^Z[??????[?Y[????H??ZY??][??]?8??H?^??X?[[??8?'???[??H[??YH???[?][???U??[?[?^??[?Y??][?????[???[?[?XK?

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