News > Power Global to invest $25 million to set up battery infrastructure facility in India over next 2-3 years

Power Global to invest $25 million to set up battery infrastructure facility in India over next 2-3 years

E-News | 17/10/2021 03:23 PM | Click to read full article

US-based clean energy and mobility products start-up Power Global plans to invest around USD 25 million (around Rs 185 crore) to set up a lithium-ion battery manufacturing unit and battery swapping infrastructure in India over the next two to three years.

The company, which is setting up a one-gigawatt hour capacity battery plant at Greater Noida in Uttar Pradesh, is also targeting to retrofit around 8 lakh existing conventional three-wheelers in India for conversion into electric versions.