Exide Industries Limited, an Indian storage battery manufacturer, said that it has invested nearly INR 20 crores in Exide Leclanche Energy to increase its stake in the manufacturer of lithium ion batteries, module making, and associated systems to 84.9%. The additional stake of 0.9% was acquired by Exide Industries through subscription to the equity share […]
Reliance New Energy Solar (RNESL), a newly incorporated subsidiary of Reliance Industries, will invest $50 million in American energy storage company Ambri Inc for acquiring 42.3 million shares. The Reliance Industry subsidiary is taking part in a $144 million investment in the energy storage firm alongside Paulson & Co. Inc. and Bill Gates among few […]
Britishvolt, an electric vehicle battery startup, has finalized a site in Blyth, Northumberland in the North East of England to build a battery gigafactory with an investment of £2.6 billion ($3.5 billion). The company said that it has secured exclusive rights to the site and plans to start construction in Summer 2021. The battery gigafactory […]