Batt:RE – Powering the Future of EVs with Smart Battery Innovation

Company Overview

Founded in 2017, Batt: RE is an innovative player in the electric vehicle (EV) sector, specializing in the development of cutting-edge battery solutions. The company is focused on creating efficient, durable, and sustainable energy storage technologies to power the growing EV market in India and beyond. Batt: RE’s vision is to accelerate the adoption of electric mobility by addressing one of its key challenges — reliable and affordable battery technology.

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Products and Services

Batt: RE develops advanced lithium-ion battery packs and energy storage systems tailored for electric vehicles. Their products are designed to offer high energy density, safety, and long life cycles. The company also works on battery management systems (BMS) to optimize performance and ensure safety. Batt: RE serves OEMs (Original Equipment Manufacturers) and aftermarket clients, providing customized battery solutions for a range of EV applications including two-wheelers and commercial vehicles.

Financial Performance and Investors

In FY23, Batt: RE reported revenues of INR 102.85 crore with a modest profit of INR 0.49 crore, reflecting early-stage scaling and heavy investment in R&D. The company has secured funding from Agility Ventures and AIC Sangam, both of which support innovation in clean technologies. This institutional backing is vital for the company’s ongoing product development and market expansion efforts.

Future Outlook and Strategic Positioning

The EV market in India is expanding rapidly, driven by government incentives and increasing environmental awareness. Batt: RE’s focus on battery innovation positions it to capitalize on this momentum. The company plans to scale manufacturing capabilities and explore strategic partnerships to enhance its supply chain. Competition is intense, with global and local battery makers vying for dominance, but Batt: RE’s emphasis on technology and customization offers a competitive edge.

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