"Log9 Announces Ambitious Plan to Boost Lithium-Ion Battery Cell Capacity to 1 GWh"

Log9 Materials, an advanced deep-tech battery startup incubated at IIT Roorkee, is gearing up for substantial expansion in its lithium-ion battery manufacturing capabilities. The company, which established its lithium-ion cell manufacturing facility earlier this year, is set to increase its capacity from the current 50 MWh to an impressive 1 GWh.

In addition to the lithium-ion cell expansion, Log9 Materials has its sights on boosting its battery pack manufacturing capacity to 2 gigawatt hours (GWh) within the next 15-18 months. Akshay Singhal, Co-founder and CEO of Log9 Materials, revealed, "Our lithium-ion manufacturing facility has a capacity of 50 MWh, that needs to be expanded to 1 GWh. So, a couple of GWh is what we are planning to do in the next 2-2.5 years."

The startup, which secured $40 million in a series B funding round in January this year, is strategically aligning itself with the increasing demand for electric vehicles (EVs), especially in the commercial and industrial sectors.

Singhal highlighted the company's rapid progress, stating, "We have grown our battery pack manufacturing capacity from 40 megawatt hours (MWh) in 2021 to 250 MWh today. We have brought in a lot of automation and improved the process as well as enhanced the efficiency of manufacturing. We continue to scale up lithium-ion cell manufacturing, optimize costs, and improve technology."

Log9 Materials initially entered the market in 2021, offering batteries for 3-wheelers and subsequently expanding into the 2- and 4-wheeler segments. Singhal emphasized Log9's presence in the commercial utility space, particularly in 2-wheelers for food and e-commerce delivery, and cargo vehicles in the 4-wheeler segment.

The company is actively diversifying its portfolio to cater to various commercial mobility use cases, including 2, 3, and 4-wheelers, as well as industrial equipment like forklifts and tow trucks. Looking ahead, Singhal revealed Log9 Materials' ambition to venture into other commercial user segments, such as large trucks and buses.

HBL