Exide Energy Solutions Ltd (EESL), established in March 2022, operates as a subsidiary of Exide Industries Limited, India’s prominent battery manufacturer. The company focuses on manufacturing lithium-ion cells, modules, and packs for energy storage applications across automotive and industrial sectors. EESL’s main initiative includes developing a state-of-the-art lithium-ion cell manufacturing facility in Bengaluru, Karnataka, with a planned capacity of 12 gigawatt-hours (GWh), implemented through two phases of 6 GWh each.
Battery Technology
EESL specializes in designing and manufacturing advanced lithium-ion cells and battery solutions. Their technology portfolio encompasses various applications, from electric vehicle power systems to stationary energy storage solutions. The company’s manufacturing processes incorporate modern techniques for producing high-performance lithium-ion cells, ensuring optimal energy density and long-term reliability.
The Bengaluru facility represents India’s first Giga-scale lithium-ion cell manufacturing plant. This advanced manufacturing center integrates sophisticated production methods and quality control systems to deliver consistent, high-quality battery products. EESL’s technical capabilities extend to battery pack design and assembly, with dedicated research and development efforts focused on enhancing performance and efficiency.
Through collaboration with Honeywell, EESL implements advanced operational systems at its Bengaluru facility, emphasizing safety and production efficiency. The company also maintains strategic partnerships with international technology providers to strengthen its manufacturing capabilities and product development.
Recent Projects
In January 2024, EESL received an additional investment of ₹149.99 crore from its parent company through a rights issue, supporting the ongoing development of its Bengaluru manufacturing facility. The company has assembled a team of over 300 professionals to ensure timely completion of the lithium-ion cell manufacturing project. EESL is actively establishing connections with potential customers and raw material suppliers both within India and internationally.
Investors
Exide Industries Limited serves as the sole investor in EESL, maintaining 100% ownership of the subsidiary. The parent company has invested a total of ₹3,302.23 crore in EESL, including the recent rights issue of ₹149.99 crore. This financial backing demonstrates Exide Industries’ commitment to expanding its presence in the lithium-ion battery sector and supporting sustainable energy solutions.
Location: Kolkata, West Bengal, India
Website: https://exideindustries.com
LinkedIn: https://www.linkedin.com/company/exide-energy/
