- Cygni Energy
- gigafactory
- sodium-ion
- sulfur-ion
- Venkat Rajaraman
- Jayesh Ranjan
- Ashok Jhunjhunwala
- IIIT-Hyderabad
- Telangana
- Srini Raju
- iLabs Group
Cygni Energy Bets Big on EVs, Alternative Chemistries with INR 2.5 Billion Gigafactory Investment
- By Nilesh Wadhwa
- April 30, 2025
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 Sarbloh Motors
- JSW Defence
- JSW Group
- Tomcar USA
- ATV
- Parth Jindal
- Jaskirat Vladimir Singh Nagra
- Ram Zarchi
- Mark W. Farage
JSW Sarbloh Motors Partners Tomcar USA To Manufacture ATVs In India
- By MT Bureau
- August 21, 2025

JSW Sarbloh Motors, a subsidiary of JSW Defence, a JSW Group company, has formed a strategic joint venture with Tomcar USA, a leading manufacturer of all-terrain vehicles (ATVs), for the local production of the TX range ATVs in India.
This partnership marks the expansion for JSW Group in the mobility space, especially for indigenous manufacturing of tactical mobility platforms for Indian Armed Forces, Central Armed Police Forces (CAPFs), State Police units and strategic industrial sectors requiring ultra-durable extreme mobility off-road platforms.
As part of the understanding, JSW Sarbloh Motors will indigenise, manufacture, assemble and support the Tomcar TX range at its facility in Chandigarh with the first product expected to be rolled out by early-2026, with field trials and demonstrations planned for multiple defence and paramilitary agencies in the coming months.
Parth Jindal of the JSW Group, said, "We are delighted to announce this strategic joint venture between JSW Sarbloh Motors and Tomcar USA, which marks a significant milestone in our commitment to enhance India's defence capabilities. The TX platform is designed to meet the rigorous demands of our armed forces and security agencies whilst ensuring superior durability, flexibility, and safety. At JSW, we believe in combining cutting-edge technology with local production capabilities to foster a robust industrial ecosystem that strengthens our national security and creates job opportunities.”
Jaskirat Vladimir Singh Nagra, CEO and Founder Director, JSW Sarbloh Motors, said, "This joint venture is more than a business partnership, it is a strategic alignment of vision and purpose. We are committed to offering India’s defence and industrial sectors world-class mobility platforms with the ruggedness, modularity, and reliability they demand. We look forward to this exciting collaboration and are confident that our joint efforts will set new standards in tactical mobility within India and beyond."
Ram Zarchi, Founder & Principal, Tomcar USA, said, "We are honoured to announce our strategic joint venture with the JSW Group, marking a pivotal milestone in Tomcar’s entry into India. This partnership will allow us to deliver our proven platforms to the Indian Armed Forces, combining Tomcar’s decades of mission-grade engineering with JSW’s advanced manufacturing expertise and first-class leadership. Together, we will strengthen India’s tactical mobility capabilities while expanding Tomcar’s global footprint, particularly into right-hand-drive markets.”
Mark W. Farage, Interim CEO, Tomcar USA, added, “This joint venture is the culmination of a thoughtful and deliberate process aimed at creating a truly strategic partnership. We are excited to hopefully contribute to India’s adaptation to the demands of modern warfare by providing the proven, battle-tested Tomcar platform to the Indian Army. In addition, we see enormous opportunity to deploy the Tomcar into India’s diverse commercial sectors – from mining and timber, to search and rescue, border patrol, farming, and beyond. This partnership positions us to deliver unmatched performance, durability, and reliability to customers
Omega Seiki Mobility’s New $25 Million Vehicle Assembly Facility To Come Up In Dubai’s Jafza Region
- By MT Bureau
- August 13, 2025

Delhi NCR-headquartered electric vehicle maker Omega Seiki Mobility (OSM) has announced its first international electric vehicle assembly plant in Jafza, Dubai, which is set to be operational by the end of 2025.
The company said it will invest USD 25 million over the next five years to accelerate its global expansion and meet rising demand for low-emission transport in the region.
The new facility, spread across 42,000 sqft, is claimed to be the first EV plant in Jafza region, which will assemble two-wheelers and three-wheelers. It will also support the storage and distribution of auto components and spare parts for the company.
OSM aims to leverage the strategic location to serve export markets across the Middle East and Africa region, along with creating 100 jobs in its initial phase.
Abdulla Al Hashmi, COO, Parks & Zones, DP World GCC, said, “More manufacturers are turning to Jafza to tap high-growth markets across the Middle East, Africa and beyond. With the MENA EV market projected to reach USD 14.5 billion by 2029, driven by supporting government policies, rising demand and expanding infrastructure, this facility brings innovative mobility solutions closer to the region and underlines Dubai’s role as a global hub for the automotive sector.”
Uday Narang, Founder and Chairman, Omega Seiki Mobility, said, “This launch is a proud moment for us and fitting that it comes on Indian Independence Day. Jafza gives us unmatched connectivity to more than 2 billion consumers and a business environment that enables speed, scale and sustainability. Through Dubai, we aim to make clean mobility accessible and commercially viable for partners across the Middle East and Africa.”
Furthermore, the company also is mulling to introduce CNG models for select African region.
Mercedes-Benz Marks 600,000th G-Class With Electric Model
- By MT Bureau
- August 06, 2025

German luxury carmaker Mercedes-Benz has attained another milestone by rolling out the 600,000th Mercedes-Benz G-Class from Graz, Austria. The milestone vehicle is an electric G 580 with EQ Technology finished in obsidian black metallic.
Since its launch in 1979, the G-Class has become a symbol of off-road capability and design. The first G-Models combined off-road performance with on-road comfort and Mercedes' safety standards. In the past four decades, it has evolved while retaining key features such as all-wheel drive, differential locks, and a ladder frame. Design elements like the round headlights and exposed spare wheel remain.
In celebration of its heritage, a limited edition, the G-Class Edition Stronger Than The 1980s, was released last year. This model paid homage to the original W 460 series.
The brand's customisation service, Manufaktur, has seen increasing popularity. Since 2019, over 90 percent of G-Class customers choose at least one Manufaktur option, averaging three per vehicle. Customers can now select from up to 20,000 paint colours, including heritage shades.
VinFast Inaugurates Tamil Nadu EV Plant
- By MT Bureau
- August 04, 2025

Vietnamese automaker VinFast has officially inaugurated its electric vehicle assembly plant at SIPCOT Industrial Park in Thoothukudi, Tamil Nadu, India.
The new facility is VinFast’s third operational plant and the fifth project in its global manufacturing network. It is part of the company’s long-term bet on selling its vehicle in the world’s third-largest automobile market.
The factory is spread across 400 acres and is equipped with state-of-the-art production lines, featuring advanced automation and technologies. The complex houses multiple workshops, including body shop, paint shop, assembly shop, quality control centre, and a logistics hub. It also includes an auxiliary cluster for local contractors, which is expected to expand in the coming years.
The company expects to create around 3,500 jobs for local workers at full capacity, along with several thousand indirect jobs in the supply chain ecosystem. To start with, the company will assembly the VF 7 and VF 6 electric vehicles with a capacity of 50,000 units per annum, which can be scaled upto 150,000 units per annum to meet market demand.
VinFast states with the Tamil Nadu plant on stream, it moves closer to its 2025 sales target of 200,000 vehicles and its long-term production goal of 1 million vehicles per year by 2030.
Pham Sanh Chau, CEO, VinFast Asia, said, “The VinFast Tamil Nadu plant marks a strategic milestone in our long-term commitment to the Indian market. It establishes a strong foundation for sustainable growth and positions us to offer high-quality, competitively priced electric vehicles to Indian consumers. Looking ahead, the facility will expand its production capacity to meet rising demand. We aim to develop it into VinFast’s largest export hub for South Asia, the Middle East, and Africa. In fact, we've already secured initial orders from several countries across these regions. In close collaboration with the Tamil Nadu government, VinFast is working to transform the area into the 'EV capital of South Asia'—supporting both the dynamic domestic market and our broader regional ambitions.”
Going forward, VinFast aims to further promote localisation, technology transfer and also upskill its workforce.
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