Renon India Records Revenue Of Rs. 25 Crore; Aims To Clock Rs. 40 Crore Revenue Next Year
Energy storage company, Renon India has recorded a revenue of Rs. 250,000,000 in FY 2021-22 and aims to clock Rs. 400,000,000 by 2023.
The company says that its growth is driven by its state-of-the-art battery manufacturing systems and pack-building capabilities in the corporate world across industries like automobiles, defense, solar, telecommunications, and healthcare. Renon India is gearing up to set a new benchmark in the energy storage sector.
The company has a manufacturing facility in Surat, Gujarat, which is spread across a 20,000 sq ft area. This facility is extensively involved in the development of products such as Swappable battery packs for e2W's, Fixed battery packs for e3W's, in house BMS development, more than 10kwh ESS pack developments, and other Li-ion Battery Packs for Mobility, Energy Storage, and Stationary applications with quality as a primary deliverable.
Renon India has grown significantly, from a nameplate capacity for stationary packs to the opening of an R&D center in Bengaluru in 2021. The company has plans to reach a 500+ MWh production line capacity milestone soon, with production technologies capable of producing 3000+ packs each month. It is currently concentrating on swappable battery pack research and in-house BMS development. It also expects growth at a CAGR of 50 percent during the next three years.
