Graphite electrodes maker Graphite India is investing ₹50 crore to purchase a 31% stake in Hyderabad-based Godi India, which is engaged in superior chemistry R&D to assist manufacturing of sustainable batteries for EVs and supercapacitor-based power storage methods.
It is a part of a method to diversify into superior battery and power storage methods applied sciences, Executive Director Ashutosh Dixit mentioned, in a launch on signing of a definitive transaction for the ₹50 crore funding in obligatory convertible choice shares of Godi that on a totally diluted foundation will present a 31% holding.
In addition to excessive energy density lithium-ion batteries, enterprise capital fund Blue Ashva Capital-backed Godi has technical experience in superior applied sciences resembling sodium ion and stable state batteries. Godi is main the event of lithium ion, sodium ion and solid-state batteries for EVs and client electronics for Indian and world markets, Graphite mentioned.
“Our battery product purposes give attention to the excessive progress, dynamic EV and client electronics markets. Godi India has additionally developed supercapacitors for a variety of regenerative power storage methods for industries, together with vehicles, trains, telecom towers and energy transmission grids, founder and director Mahesh Godi mentioned.
Significant progress in EV gross sales and an growing demand for power storage methods are underpinning the engaging trade dynamics for manufacturing of battery cells and supercapacitors. Godi is strategically positioned to capitalise on this chance, Graphite mentioned.
