Cellex Battery to launch advanced energy storage solution in June 2022

Cellex Battery Systems Private Limited, a Coimbatore-based startup, is expectedto launch its advanced energy storage solution in the commercial market byJune 2022.

As part of Phase-1, Cellex plans to set up energy storage solutions manufacturing facility in Coimbatore together with development of an advanced battery management solution.The company would provide energy storage solutions to various sectors covering renewable energy storage, commercial and residential backup, defence, electric vehicles, telecom, mining, aerospace and other infrastructure projects. The company plans to raise investments worth USD10 millionin Phase-1 and USD25 million for Phase-2 expansion.