Karnataka CM Shri Basvaraj Bommai graces the Bhoomi Poojan ceremony of Exide Energy Solutions Limited

Exide Industries Limited announced the Bhoomi Poojan ceremony for its 1st lithium-ion cell manufacturing facility on Tuesday, 27th September 2022, at the Hi-Tech Defense & Aerospace park Phase 2, Bengaluru. The event marked the formal start of construction of one of India’s first multi-gigawatt hour lithium- ion cell manufacturing facility.

Karnataka CM Shri Basvaraj Bommai graces the Bhoomi Poojan ceremony of Exide Energy Solutions Limited
  • Under Exide Energy Solutions Limited, Exide is setting up India’s first multi-gigawatt hour Li-on cell manufacturing facility
  • Exide has entered into a technical collaboration with SVOLT
  • The project is to be carried out in two phases, 1st phase to be ready in 27-30 months

The grand ceremony was graced by Honourable Chief Minister of Karnataka, Shri Basvaraj Bommai and Honourable Minister for IT, BT, Higher Education & Skill Development Shri Dr. C.N. Ashwath Narayan along with other key government representatives & stakeholders, in the presence of the senior management team of Exide Industries Ltd.

Speaking on the occasion, Exide MD & CEO Mr. Subir Chakraborty said, “While we continue to maintain our leading position in the lead-acid battery market for the past 75 years, we have simultaneously taken significant steps to strengthen our position in the emerging Li-Ion market. On this auspicious day of the Bhoomi Poojan, we are delighted to give a formal start to this greenfield unit coming up under Exide Energy Solutions Ltd.” He further added, “This would not have been possible without the strong support of the Karnataka Government to bolster the EV ecosystem.”

Exide’s proposed Gigafactory will be spread over 80 acres of land and will be producing technology leading lithium-ion batteries to suit varied EV & Industrial segment requirements. Keeping this objective in mind, Exide has entered into a multi-year technical collaboration agreement with SVOLT Energy Technology Co. Ltd (SVOLT), a global technology company that makes and develops lithium-ion batteries and battery systems for EVs as well as for energy storage. In addition to technology, SVOLT will provide support for setting up the plant on a turnkey basis. Moreover, Exide will also set up a state-of-the-art R&D lab and pilot line to support new product development for the Indian market. The first phase of the facility is expected to be operational by the end of 2024.