50 crores to be invested in the lithium-ion battery pack market by Neuron Energy.

India’s Neuron Energy Private Limited, a maker of lithium-ion battery packs for electric two- and three-wheelers, intends to invest 50 crore in this market.

The investment will be made up of a working capital loan of 35 crore rupees and equity from the promoters and strategic partners totalling 15 crore rupees.

Due to the expansion of its R&D team, Neuron may soon start researching batteries for deep technologies. By 2025, Neuron intends to build a mega-plant as part of its expansion ambitions to cater to the EV2W and EV3W markets.

This news is written by Ms. Amrita Singh, Research Assistant, All India Legal Forum.

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