Gigafactory in India by 2025, Informs Lithium-Ion Cell Manufacturer Log9
A 7-year-old advanced battery technology startup Log9 intends to capture the first-mover advantage without participating in the government's ambitious INR 18,000 crore PLI scheme for advanced cell chemistry. The Bengaluru-based bootstrapped Lithium-Ion cell manufacturer, Log9, promises the first Gigafactory in India by 2025. Even though it only has a 25-megawatt-hour (MWh) capacity and an investment of around $25M (INR 190 crore), it has a very aggressive growth plan.
By March 2023, Log9 plans to increase battery pack production from 10,000 units today to 40,000 units by June and 4 lakh units by March 2023, with a 50 MWh cell manufacturing capacity. Over the year, this would cost an additional $15 M(INR 110 crore). That, however, is only a warm-up. India's first Giga factory is expe...