IPower Expands Manufacturing Capacity amid Rising Li-Ion Battery Demand for EVs

Amid a surge in demand for lithium-ion (Li-Ion) batteries mainly from electric two-wheelers and three-wheelers, IPower Batteries has expanded its manufacturing to 200 battery packs per day in order to meet the rising demand.

Incorporated in December 2019, IPower Batteries has a full-fledged state-of-the-art manufacturing facility in Kundli, Haryana.

The move came as the company witnessed the rising demand for its batteries for 2-wheelers and 3-wheelers by 20 per cent and 25 per cent respectively.

Speaking on the manufacturing expansion, Vikas Aggarwal, Founder & MD of IPower Batteries, said “we are witnessing a surge in demand for batteries for two-wheelers and three- wheelers predominantly and also ensuring there is post sales services for the same. Our tailor made solutions is helping satisfy the fast paced needs of the market. Currently, we manufacture about 200 packs per day.”

Aggarwal further added, “our high quality and well researched products are enabling us to fulfill their energy storage needs and offer their quality post sales service as well. Our new manufacturing facility which is spread out in 50,000 sq ft area in Kundli, Haryana has helped us focus and dedicate time on both R&D and state of the art manufacturing. Besides, our primary focus is also on post sales services therefore we have over 200 services centres across the country.”

Besides, the company is also planning to expand its manufacturing capacity to 500 battery packs per day in next six months, with a fresh investment of Rs 100 crore.

The company said that it provides customized battery solutions for each customer as per their requirements. In its government recognized R&D facility, the company is also working on developing smart Battery Management System (BMS), which allows one to access the battery’s data in real time, these batteries will also have in-built GPS, GPRS and remote monitoring feature other than remote immobilization feature.

Meanwhile, IPower’s current R&D focus is on creating an application for fleet management for business owners and others, using which they will be able to connect their battery to their phones and keep a track of battery’s performance and get real time information on their fingertips, making the process automated and seamless for the user who deal with either large or small logistics businesses.