US-based Innolia Power on Monday stated it has launched a mission entailing funding of Rs 225 crore to arrange a producing facility in Hyderabad for photo voltaic modules, lithium battery and electrical automobile (EV) merchandise.
“Leveraging years of growing superior know-how options for corporations within the US, Innolia Power’s manufacturing plant (300MW) in India delivers a completely built-in and customisable system answer of photo voltaic panels, lithium-battery and EV merchandise manufacturing below a single roof,” an organization assertion stated.
In response to the assertion, the manufacturing unit is India’s first absolutely built-in photo voltaic and lithium battery pack manufacturing firm offering know-how integration options for general-purpose or application-specific renewable markets.
Innolia Power was based by Arvind Reddy, who has over 27 years of expertise within the trade and has labored in corporations corresponding to Altera/ Intel/Cirrus Logic/SST/Microchip.
As an investor and entrepreneur, he has been concerned in profitable startups, and is presently targeted on growing chip and system-level options in energy and renewable sectors.