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Indian company ChemVolt Global and ElevenEs, based in Serbia, established a strategic partnership to accelerate the development of battery energy storage systems (BESS), lithium-ion cell manufacturing, and electric vehicle (EV) battery pack supply across India.
ChemVolt Global is a clean energy and storage solutions company and ElevenEs develops lithium-ion battery cell technology.
The collaboration combines ChemVolt Global’s extensive expertise in project development, engineering, procurement, and construction (EPC), and local market execution, with ElevenEs’ industry-leading experience in lithium-iron-phosphate (LFP) cell technology and large-scale European manufacturing, the Serbian company said.
The first objective is to deploy advanced BESS solutions across India and the Middle East
The two companies aim to establish a robust ecosystem for advanced energy storage and electric mobility in India.
The partnership includes three key objectives.
The first one is to deploy advanced BESS solutions across India and the Middle East, with advanced lithium ion cells with a higher life cycle and less degradation and high thermal stability.
The two companies also plan lithium-ion cell manufacturing collaboration based on ElevenEs’ pioneering European cell technology and production capabilities, the update reads.
The companies intend to accelerate the adoption of electric mobility across India
The third goal is to supply EV battery packs to original equipment manufacturers (OEMs).
The partners plan to enable domestic automotive manufacturers to access high-performance, safe, fast-charging and reliable battery packs, accelerating the adoption of electric mobility across India.
Gupta: The deepening industrial and technological cooperation between India and Europe
ChemVolt Global CEO Kuldeep Gupta said the partnership with ElevenEs represents a defining moment for India’s clean energy and electric mobility ambitions.
“Beyond technology, this collaboration reflects the deepening industrial and technological cooperation between India and Europe, positioning both nations at the forefront of the global energy transition,” he stated.
Mikać: We are not just participating
According to Nemanja Mikać, CEO of ElevenEs, the partnership is a decisive move to bring the company’s proven LFP cell technology and large-scale manufacturing to India.
ElevenEs’ expertise, in his words, is ready to deliver nothing less than advanced battery solutions that will be foundational to India’s energy independence.
“We are not just participating; we are positioned to define the future of this industry,” Mikać stressed.
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