Innolia Energy invest Rs 225 cr in solar module manufacturing and EV products

has launched a project entailing investment of Rs 225 crore to set up a manufacturing facility in Hyderabad for modules, lithium battery and (EV) products.

“Leveraging years of developing advanced technology solutions for companies in the US, Energy’s manufacturing plant (300MW) in India delivers a fully integrated and customisable system solution of solar panels, lithium-battery and EV products manufacturing under a single roof,” a company statement said.

According to the statement, the manufacturing unit is India’s first fully integrated solar and lithium battery pack manufacturing company providing technology integration solutions for general-purpose or application-specific renewable markets.

Innolia Energy was founded by Arvind Reddy, who has over 27 years of experience in the industry and has worked in companies such as Altera/ Intel/Cirrus Logic/SST/Microchip.

As an investor and entrepreneur, he has been involved in successful startups, and is currently focused on developing chip and system-level solutions in power and renewable sectors.

Via: PTI