In the initial phase plans to establish necessary framework in bringing innovation in the evolving Li-ion batteries space

New Delhi, 22 December, 2021: Continuing with its agenda to deliver innovative and breakthrough products in the renewable energy space, Loom Solar, an emerging SolarTech start-up under Govt. of India’s Start Up India initiative and one of the leading companies in the mono panel category, today announced its plans to foray into the USD 2Bn Indian LithiumIon batteries space in calendar year 2022. 

Setting up the pace to build-up this new product line, Loom Solar has plans to establish a dedicated R&D & manufacturing framework to develop energy efficient & smart technology solutions in the green energy domain in the initial phase. The company has also initiated its beta phase for Li-ion batteries to garner users’ inputs to develop more comprehensive and sturdy solutions in the batteries space. Insights on Lithium Ion batteries could be gathered from for inputs like fast charging, high efficiency, maintenance free, longer life cycle etc.

Speaking on the occasion, Amod Anand, Co-Founder & Director, Loom Solar said, “Product innovation and research become key levers to address the growing needs in green energy space.  Besides our solar solutions, we envisage to embark on another range of innovative solutions with Lithium-Ion (Li-ion) batteries in 2022. With our focus to identify future ready solutions, our research & development team would work very closely with our patrons for necessary product engineering.”  

Loom Solar’s Li-ion or Lithium batteries beta is open to offering sustainable and greener solutions for home lighting systems, inverter compatible solutions, EVs (Electric Vehicles), Science or DIY projects and farming. Li-Ion is a use case solution for limited environmental impact and have characteristics like high-power density, long life, lesser self-discharge and low maintenance costs, thus is becoming a preferred choice for captive backup power solutions and EVs.