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 advanced battery management solution (BMS), company co-founder and CEO Pramoth Madhavan told reporters in Coimbatore on Friday.
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.
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…
energy storage solution: Cellex Battery Systems to launch advanced energy storage solution in June
