India’s electric vehicle (EV) ecosystem is expanding rapidly, and battery technology is at the heart of this transformation. The Battery Tech BLUprint Report 2024 highlights critical aspects of energy storage innovation and how batteries are becoming essential for India’s net-zero goals. The report emphasizes the evolving landscape of battery chemistry, recycling processes, and market dynamics that are shaping the future of energy storage.
Lithium Iron Phosphate (LFP) batteries are gaining popularity due to their lower cost and robust safety features. The report projects that LFPs will dominate the Indian market over the coming years, especially for two-wheelers and public transport systems, driven by cost sensitivity and ease of sourcing materials.
Different chemistries power various applications across the EV ecosystem. Below are the most prominent battery types and their characteristics:
| Battery Type | Key Benefits | Applications |
|---|---|---|
| Nickel Cobalt Aluminium (NCA) | High energy density, long cycle life | Tesla Model S/X |
| Lithium Iron Phosphate (LFP) | Low cost, stable chemistry | Renault Zoe, BYD e6 |
| Nickel Manganese Cobalt (NMC) | Balance of power and energy density | BMW i3, Chevrolet Bolt |
21700 cylindrical cells—used in Tesla Model 3—are emerging as the industry standard for EVs due to higher energy density (300 Wh/kg) and improved charge cycles compared to earlier 18650 cells.
With the growing demand for EVs, India faces a mounting challenge of managing battery waste. According to the report:
Several Indian startups are leading the charge in battery recycling by adopting sustainable methods, such as hydrometallurgy and pyrometallurgy, to extract valuable elements like cobalt, nickel, and lithium.
India is focusing on building an integrated battery value chain to reduce dependency on imports and encourage local manufacturing. However, raw materials such as lithium and cobalt are primarily imported, with China controlling 75% of the global lithium-ion battery production.
The Production Linked Incentive (PLI) scheme is accelerating investments in domestic manufacturing facilities, with 4-5 consortiums emerging to localize battery production and reduce import reliance.
The report highlights cutting-edge innovations, such as solid-state batteries, sodium-ion batteries, and silicon-anode technologies, which promise higher energy densities and improved safety. Additionally, the demand for stationary energy storage systems (BESS) is expected to grow fourfold by 2030, driven by the need for grid balancing and renewable energy integration.
The battery technology sector in India is on the cusp of rapid growth, fueled by innovation, favorable policies, and rising EV adoption. As the country accelerates toward achieving its net-zero targets, the focus on local manufacturing, efficient recycling, and technology innovation will be crucial in building a sustainable energy future. With the right investments and strategic initiatives, India is set to become a global hub for battery manufacturing and energy storage.
TERMS OF USE
Thank you for your interest in our Website at https://unlistedintel.com/. Your use of this Website, including the content, materials and information available on or through this Website (together, the “Materials”), is governed by these Terms of Use (these “Terms”). By using this Website, you acknowledge that you have read and agree to these Terms.
NO OFFER, SOLICITATION OR ADVICE
Our site is provided for informational purposes only. It does not constitute to constitute (i) an offer, or solicitation of an offer, to
purchase or sell any security, other assets, or service, (ii) investment, legal, business, or tax advice, or an offer to provide such advice or (iii) a basis for making any investment decision.
The Materials are provided for informational purposes and have been prepared by Oister Global for informational purposes to acquaint existing and prospective underlying funds, entrepreneurs, and other company founders with Oister Global's recent and historical investment activities.
Please note that any investments or portfolio companies referenced in the Materials are illustrative and do not reflect the performance of any Oister Global fund as a whole. There is no obligation for Oister Global to update or alter any forward-looking statements, whether as a result of new information, future events, or otherwise.
PURPOSE LIMITATION AND ACCESS TO YOUR PERSONAL DATA:
We will only collect your personal data in a fair, lawful, and transparent manner. We will keep your personal data accurate and up to date. We will process your personal data in line with your legal rights. We use your name and contact details, such as email, postal address, and contact number to continue communications with you. We may also use your contact information to invite you to events we are hosting or to keep you updated with our news.
USE OF COOKIES OR SIMILAR DEVICES
We use cookies on our website. This helps us to provide you with a better experience when you browse our website and also allows us to make improvements to our site. You may be able to change the preferences on your browser or device to prevent or limit your device’s acceptance of cookies, but this may prevent you from taking advantage of some of our features.
MATERIAL
The material displayed on our site is provided “as is”, without any guarantees, conditions, or warranties as to its accuracy, completeness, or reliability. You should be aware that a significant portion of the Materials includes or consists of information that has been provided by third parties and has not been validated or verified by us. In connection with our investment activities, we often become subject to a variety of confidentiality obligations to funds, investors, portfolio companies, and other third parties. Any statements we make may be affected by those confidentiality obligations, with the result that we may be prohibited from making full disclosures.
MISCELLANEOUS
This Website is operated and controlled by Oister Global in India. We may change the content on our site at any time. If the need arises, we may suspend access to our site, or close it indefinitely. We are under no obligation to update any material on our site.
CONTACT INFORMATION
Any questions, concerns or complaints regarding these Terms should be sent to info@oisterglobal.com