Neuron Energy, a manufacturer of batteries for electric vehicles, has launched a lithium-ion battery factory in Chakan, India, with an annual capacity of 1.5 GWh.
The facility, spanning 5 hectares, will produce high-quality batteries for two-wheelers, three-wheelers, golf carts, drones, battery energy storage systems (BESS) and telecom solutions.
Mumbai-based Neuron Energy has invested approximately INR 250 million ($2.9 million) in the facility, which includes an experience center to showcase its technologies and an R&D center focused on innovation in energy storage.
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