{"id":39204,"date":"2022-04-29T19:54:13","date_gmt":"2022-04-29T14:24:13","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-tn-cellex\/"},"modified":"2022-04-29T19:54:13","modified_gmt":"2022-04-29T14:24:13","slug":"biz-tn-cellex","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-tn-cellex\/","title":{"rendered":"Cellex to launch advanced energy storage solution in June"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3661411077\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> Coimbatore (TN), Apr 29 (PTI) Cellex Battery Systems Pvt Ltd, a Coimbatore-based startup, is set to launch its advanced energy storage solution that will enter the commercial market in June this year.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3922478268\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> As part of Phase-1, Cellex plans to set up state-of-the-art energy storage solutions manufacturing facility in the city together with development of an advanced battery management solution (BMS), company co-founder and CEO Pramoth Madhavan told reporters here on Friday.<\/p>\n<p> The company would provide cutting edge energy storage solutions to various sectors covering renewable energy storage, commercial and residential backup, defence, electric vehicles, telecom, mining, aerospace and other infrastructure projects, he said.<\/p>\n<p> Stating that the energy storage solutions market was estimated to be USD 1 trillion by 2030, Madhavan expressed confidence that the company is expected to capture a market share of 0.1 per cent by then.<\/p><div class=\"trade-content_5\" id=\"trade-2153098307\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> Cellex&#8217; batteries will be based on next-generation technologies offering up to 10 years performance warranty and expected life of 15 years, he said.<\/p>\n<p> With its superior life, performance and competitive pricing, Cellex is targeting to be a leading energy storage solutions provider in the country by 2030 and thereby becoming a unicorn.<\/p>\n<p> The company plans to raise investments worth USD 10 million as part of its Phase-1 and USD 25 million for Phase-2 expansion, its co-founder Jose K Joseph said.<\/p>\n<p> Cellex would enter into cell manufacturing in India under transfer of technology in Phase-3 within the next three to five years and create over 1,000 direct and indirect employment opportunities, according to Joseph said. PTI NVM  HDA<\/p>\n<div class=\"trade-after-content\" id=\"trade-3509125831\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Coimbatore (TN), Apr 29 (PTI) Cellex Battery Systems Pvt Ltd, a Coimbatore-based startup, is set to launch its advanced energy storage solution that will enter the commercial market in June this year. As part of Phase-1, Cellex plans to set up state-of-the-art energy storage solutions manufacturing facility in the city together with development of an [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31],"tags":[],"class_list":["post-39204","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cellex to launch advanced energy storage solution in June - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-tn-cellex\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cellex to launch advanced energy storage solution in June\" \/>\n<meta property=\"og:description\" content=\"Coimbatore (TN), Apr 29 (PTI) Cellex Battery Systems Pvt Ltd, a Coimbatore-based startup, is set to launch its advanced energy storage solution that will enter the commercial market in June this year. 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