RACEnergy opens battery production unit in TS
RACEnergy, a Hyderabad-based deep-tech electric vehicle infrastructure company for battery swapping, has inaugurated its new 10,000 sft battery production facility here.
image for illustrative purpose
Hyderabad: RACEnergy, a Hyderabad-based deep-tech electric vehicle infrastructure company for battery swapping, has inaugurated its new 10,000 sft battery production facility here.
The facility inaugurated on Wednesday is equipped with a 50 MWh battery production plant, which can manufacture 30,000 batteries per annum, the company said in a release. This milestone aligns with RACEnergy’s goal of targeting 80,000 two and three-wheelers by 2025, representing a significant step towards their target of having 2.5 lakh swappable batteries in circulation in the same timeframe, it said. The new facility will provide a collaborative environment for engineers and designers to push the boundaries of innovation, further developing cutting-edge battery technology for EVs and significantly expanding the company’s production capacity, it said.
“The launch of our new facility marks a significant milestone in our journey to revolutionise the electric mobility sector and will cater to 25 per cent of our goal of targeting 80,000 two and three-wheelers by 2025,” said Arun Sreyas, Co-Founder of RACEnergy.
