Cygni Energy Bets Big on EVs, Alternative Chemistries with INR 2.5 Billion Gigafactory Investment

Cygni Energy Bets Big on EVs, Alternative Chemistries with INR 2.5 Billion Gigafactory Investment

Venkat Rajaram, Cygni Energy, Founder & CEO, along with Vipul and Gautam.

Hyderabad-based Cygni Energy has unveiled Phase I of its fully automated Battery Energy Storage System (BESS) gigafactory at E-Mobility Valley in Maheshwaram, Hyderabad, signalling a major leap in India’s electric vehicle (EV) and clean energy manufacturing landscape. The company is investing INR 2.5 billion over two phases to ramp up capacity from 4.8 GWh to 10.8 GWh over the next 12–24 months.

With a sharp focus on electric mobility, energy storage systems, and next-generation battery chemistries, Cygni is positioning itself to meet growing domestic and international demand for sustainable energy solutions. The company is also actively developing sodium-ion and sulphur-based batteries to complement traditional lithium-ion chemistries, alongside investments in thermal safety, recycling and advanced energy management algorithms tailored to Indian conditions.

Venkat Rajaraman, Founder & CEO, Cygni Energy, said, “In the long term, as part of India’s 100 GWh roadmap, we expect to become self-sufficient in cell manufacturing. We are also seeing a convergence of newer chemistries like sodium and sulphur. Sodium-ion batteries, in particular, are expected to play a critical role in India’s EV journey –given their lower cost of USD 6 per kWh versus USD 24 for lithium. While lithium demand currently exceeds sodium by 3x, India’s early-stage advantage allows us to leapfrog.”

“We cater to three markets – BESS, commercial and industrial storage, and electric vehicles. We have been manufacturing EV battery packs for a long time, earlier from a rental facility and now from our own factory. Today, we have a gigawatt-scale order pipeline for two- and three-wheeler EVs and large-scale storage systems. We’re also working with IIT-Madras' Centre of Battery Engineering and Electric Vehicles (C-BEEV) to co-develop future technologies. EVs contributed nearly 50 percent of our revenue till FY2025.”

The new facility spans 160,000 square feet and is engineered with automated Poka-Yoke-enabled lines and end-to-end traceability for high-quality battery module production. Till date, the company has raised USD 6.4 million in 2018 and USD 12.5 million in 2022 to fund its expansion.

The first phase investment of INR 1 billion supports an initial 4.8 GWh capacity. An additional INR 1.5 billion will be invested to reach 10.8 GWh under Phase II. The company expects to generate INR 26 billion revenue from Phase I, which it aims to double post-expansion.

Cygni’s batteries are designed for EV and grid-scale applications. The company has delivered over 500 MWh of batteries and claims to have a confirmed 1 GWh order pipeline, with growing traction in electric two-wheelers, three-wheelers and small commercial vehicles (SCVs). Most of the 80-plus components in its battery systems – such as busbars, cell holders, thermal and mechanical elements – are now locally sourced, reflecting India’s evolving EV ecosystem.

Jayesh Ranjan, Special Chief Secretary to the Government of Telangana and CEO of the Industry & Investment Cell in the CMO, inaugurated the facility alongside Prof. Ashok Jhunjhunwala, Chairman of IIIT-Hyderabad, and Srini Raju, Founder of iLabs Group.

Jayesh Ranjan, said, “The inauguration of Cygni’s battery manufacturing gigafactory in Telangana marks a transformative step toward sustainable energy, manufacturing excellence, and innovation. This facility not only strengthens India’s commitment to clean energy but also creates jobs, fosters local talent, and builds a robust ecosystem for the future of energy storage solutions.”

Cygni expects to create over 1,000 direct and indirect jobs and is planning additional 2 GWh cell-to-pack automated lines as part of its future roadmap. With government support and rising EV adoption, the company is well-positioned to be a catalyst in India’s energy transition

JSW Motors And Tata Indian Institute Of Skills Partner For EV Manufacturing Training

JSW - Tata Motors

JSW Motors, the new energy vehicle (NEV) arm of the JSW Group, has signed a Memorandum of Understanding (MoU) with the Tata Indian Institute of Skills (Tata IIS). The partnership establishes a technical talent pipeline for JSW Motors’ greenfield manufacturing plant currently under construction in Chhatrapati Sambhajinagar, Maharashtra.

The collaboration focuses on a co-developed curriculum covering EV systems, automation, welding, CNC operations, battery systems and manufacturing. JSW Motors maintains rights over curriculum validation and hiring to align with plant ramp-up schedules.

Tata IIS was selected based on its training infrastructure and experience in OEM engagement. The programme utilises application-based training designed for the requirements of electric vehicle production.

The initiative is part of a broader roadmap to create an EV-ready ecosystem including suppliers, vendors and dealer networks. JSW Motors eventually intends to establish an in-house training academy focused on mobility technologies and manufacturing.

Rupam Singh, Chief Human Resources Officer, JSW Motors, said, “At JSW Motors, skilling is not an HR function, it is a business imperative. As we build our manufacturing operations, we need people who are ready from Day One. The Tata IIS partnership gives us structured capability, relevant curriculum, and the execution rigour aligned to our timelines. This is a deliberate bridge as we work towards building our own world-class training academy.”

Venguswamy Ramaswamy, CEO Designate, Tata Indian Institute of Skills, said, “At Tata IIS, our mission is to solve the nation’s skill challenges by creating a next generation workforce that is not just job-ready, but future-ready. This partnership with JSW Motors is a significant step toward that goal. By designing bespoke programs in Advanced Manufacturing, we are equipping India's youth with the high-precision skills required to drive the next generation of automotive excellence and ensuring a robust, consistent talent pipeline for our industry partners.”

IR Power Launches Energy Recovery Solution For Industrial Applications

IR Power

IR Power, a Scottish energy technology firm owned by MWNW Group, has introduced a standardised system designed to capture and reuse electricity wasted during industrial machine deceleration. The solution utilises a rental model where manufacturers pay through verified energy savings rather than upfront capital expenditure.

Industrial machines, such as automotive presses, conveyor systems and mixers, generate electricity when slowing down. In standard operations, this energy is typically dissipated as heat. IR Power’s technology claims that it captures this power and feeds it back into the factory grid for immediate reuse.

The system operates similarly to regenerative braking in electric vehicles. On machine clusters with frequent cycles, such as automotive press lines, the technology recaptures 10-20 percent of total electricity consumption. At current UK energy prices, this represents annual savings of GBP 50,000-100,000 per cluster.

Key features of the IR Power system include:

  • Standardised Design: Three product sizes replace custom engineering, reducing technical complexity.
  • Plug-and-Play Installation: Systems connect to existing equipment within hours without requiring modifications to the machines or production downtime.
  • Equipment Agnostic: The technology integrates with hardware from any manufacturer, allowing for site-wide energy recovery networks.
  • Fail-Safe Operation: Excess energy is routed to existing waste resistors if system capacity is exceeded, preventing manual restarts or shutdowns.

The launch comes as industrial electricity prices have risen to GBP 100-150/MWh. IR Power has adopted a zero-risk rental model to address adoption barriers. Under this framework, monthly fees are based on measured savings; if the system does not perform, the customer is not charged.

The company is initiating commercial deployments in Q1 2026, with a focus on tier-one automotive and construction materials manufacturing.

Richard Bradshaw, Founder and Managing Director, IR Power, said, "For years, energy recovery systems existed but didn't deploy at scale because they cost too much and put all the risk on customers. We've inverted that model completely. Our customers pay zero upfront – no capital expenditure, just operating expense. Installation takes hours with no production downtime. And here's the key: if our system doesn't save them money, we don't get paid; we take all the performance risk. The equipment lasts 15-20 years, so customers get over a decade of pure savings. The technology works – it always has. Our job was removing every barrier that prevented adoption: the cost, the complexity, the risk, and the disruption."

Zelio E-Mobility Opens New Plant In Cuttack to Expand Eastern India Operations

Zelio E-Mobility

Zelio E-Mobility, a manufacturer of electric two-wheelers and three-wheelers, has announced the opening of a new manufacturing facility in Cuttack, Odisha. The plant is intended to support demand in Odisha and West Bengal while positioning the company for growth in southern India.

The commissioning of the Odisha facility, combined with optimisations at the existing Hisar plant in Haryana, has increased the company's total annual production capacity from 72,000 units to 180,000 units.

The Cuttack plant adds a capacity of 60,000 units per annum. Simultaneously, the Hisar facility has seen its capacity enhanced from 72,000 to 120,000 units through the installation of machinery and extended conveyor systems.

By locating production closer to the eastern markets, the company aims to reduce delivery timelines and logistics costs. Currently, shipping products from Haryana to the eastern region takes approximately one week.

The facility required an investment of under INR 30 million and is now operational. It is expected to create between 60 and 100 jobs for local individuals in production and operations. The company is currently in discussions with the Odisha government regarding incentives and support programmes.

Zelio E-Mobility clocked INR 1.34 billion in revenue in H1 FY2026, with net profit of INR 118.7 million. Recently, the EV company raised funds through SME IPO and has INR 360 million of unutilised funds, which it has earmarked for the current expansion.  It aims to have over 337 dealerships across more than 20 states.

Kunal Arya, Managing Director, Zelio E-Mobility, said, “Eastern India has emerged as one of our strongest growth regions, with customers showing exceptional trust in our products. Setting up the Cuttack facility brings us closer to our riders and dealers, enabling faster deliveries, lower logistics costs and improved serviceability. Notably, this expansion marks an important step in strengthening India’s EV ecosystem and creating long-term value for our customers and partners.”

Skoda Auto Volkswagen India Begins Production Of New Skoda Kushaq At Pune Facility

Skoda Kushaq

Skoda Auto Volkswagen India (SAVWIPL), one of the leading passenger vehicle manufacturers, has started production of the new Kushaq SUV at its manufacturing plant in Chakan, Pune.

The vehicle is a continuation of the Group’s INDIA 2.0 strategy, which focuses on localisation and manufacturing for both domestic and international markets.

Originally launched as the first model under this strategy, the Kushaq contributed to the Group’s sales of 117,000 units in 2025. The updated version follows its world premiere in January 2026, with customer deliveries scheduled to begin in March.

The new Kushaq maintains its focus on driving dynamics and safety standards. Updates to the model include a panoramic sunroof, a rear-seat massage function and the introduction of an 8-speed automatic transmission option.

The SUV is produced with a focus on high localisation to manage ownership costs and parts availability. It serves as a base for export operations from India to various global markets.

Andreas Dick, Board Member for Production and Logistics, Skoda Auto, said, "For us, the Kushaq holds a very special place as the first car developed specifically for a market outside Europe and born from true collaboration between India and the Czech Republic. The start of production of the new Kushaq in Pune in such a short span of time highlights how strongly India is integrated into our global manufacturing ecosystem. The robust production quality, combined with the continuous improvement in our processes, allows us to deliver feature-packed vehicles that meet domestic expectations and international standards. Kushaq’s continued success underlines how India is not only a key growth market but also an increasingly important production and export base for our global operations."

Piyush Arora, Managing Director & CEO, SAVWIPL, said, “The new Kushaq is an evolution and continues to be a key pillar in our mission to bring European engineering excellence within reach of Indian families. This SUV embodies our DNA with its robust design, advanced features and uncompromising safety. Listening closely to our customers, we have added several premium features such as a Panoramic Sunroof, rear-seat massage function and a new 8‑speed automatic transmission option, making it an even more compelling offering. With the start of production, we reaffirm our long-term commitment to India and to positioning it as a strategic manufacturing hub.”

Ashish Gupta, Brand Director, Skoda Auto India, added, “The Kushaq has been a transformative product for Skoda in India. As our first model under the INDIA 2.0 strategy, it marked the beginning of a new chapter, one that combined high localisation, world-class manufacturing at Pune, a deep understanding of Indian customers, and our commitment to democratising technology for the Indian market. With the new Kushaq, we are further building on that strong foundation, delivering European driving dynamics and 5-star safety that customers associate with Skoda.”