Log9 Materials, an advanced deep-tech battery start-up incubated at IIT Roorkee, is getting ready for significant expansion in its lithium-ion battery manufacturing capabilities. Having established its lithium-ion cell manufacturing facility earlier this year, the company plans to increase its capacity from the current 50 MWh to an impressive 1 GWh.
In addition to expanding its lithium-ion cell capacity, Log9 Materials aims to boost its battery pack manufacturing capacity to two gigawatt hours (GWh) within the next 15-18 months. Akshay Singhal, Co-founder and CEO of Log9 Materials, stated, “Our lithium-ion manufacturing facility has a capacity of 50 MWh, and we are planning to expand it to 1 GWh in the next 2-2.5 years”.
The startup, which secured $40 million in a series B funding round in January this year, strategically aligns itself with the growing demand for electric vehicles (EVs), particularly in the commercial and industrial sectors.
Singhal added “We have grown our battery pack manufacturing capacity from 40 megawatt hours (MWh) in 2021 to 250 MWh today. We have implemented automation, improved processes, and enhanced manufacturing efficiency. We continue to scale up lithium-ion cell manufacturing, optimize costs, and advance technology”.
Log9 Materials initially entered the market in 2021, providing batteries for three wheelers and subsequently expanding into the two and four wheeler segments. As reported by newsonprojects.com, the company diversified its portfolio to address various commercial mobility use cases, including 2, 3, and 4-wheelers, as well as industrial equipment like forklifts and tow trucks.
