Grinntech has signed an MoU with the Tamil Nadu state government to set up a battery and battery management system manufacturing facility in Tamil Nadu to cater to electric vehicles (EVs) in India.
Grinntech, which has attracted several industry veterans as investors since its incubation at IIT-Madras Research Park, operates its R&D and pilot manufacturing facility in Chennai.
In addition, Grinntech has outlined plans for outlay of almost Rs 100 crore for R&D, product development and production facilities which will lead to the employment of 250 staff over the next five years.
The company has showcased lithium-ion batteries, along with their battery management systems, suitable for 2-wheelers, 3-wheelers, light vehicles and farm tractors. The company is talks with a number of OEM manufacturers and fleet operators for supply of batteries and related systems, said Puneet Jain, co-founder of Grinntech.
Grinntech announced the appointment of E Balasubramoniam as president of Grinntech.
Balasubramoniam brings over 35 years of experience in the auto industry including prior leadership roles in Maruti-Suzuki, Tata Motors and most recently as senior vice president at Ashok Leyland and CEO of the Nissan-Ashok Leyland JV.