Innolia Energy to invest Rs 225 crore in solar module, EV products

Innolia Energy has launched a project worth Rs 225 crore to set up a manufacturing facility in Hyderabad for solar modules, lithium battery and electric vehicle (EV) products.

In a statement, the US-based company said, “Leveraging years of developing advanced technology solutions for companies in the US, Innolia Energy’s manufacturing plant (300MW) in India delivers a fully integrated and customisable system solution of solar panels, lithium-battery and EV products manufacturing under a single roof.”

It further said the manufacturing unit is India’s first fully integrated solar and lithium battery pack manufacturing company providing technology integration solutions for general-purpose or application-specific renewable markets.

Innolia Energy was founded by Arvind Reddy, who has over 27 years of experience in the industry and has worked in companies such as Altera/ Intel/Cirrus Logic/SST/Microchip

Image Credit : www.pennews.net

Related Projects : Rs.2250 Million Solar Modules Mfg. Unit in Hyderabad, Telangana

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