Sunlit Power to setup battery manufacturing facility in Pune

Sunlit Power, a manufacturer of batteries, stated on Monday that it would invest $1 billion over the following two years to build an automated manufacturing facility in Pune. The company, which produces batteries under the ARENQ brand, also announced that it will increase its presence in Kerala, Chennai, Delhi, and Bangalore during the current fiscal year. The company operates a non-automated production facility in Nandurbar, Maharashtra, with a 100 MW capacity. Additionally, it already has a branch in Thiruvananthapuram for sales and services. The project would have a capacity of 200 MW per month when it is finished, which is anticipated to be in October of this year, according to Sunlit Power. The company stated that automating its manufacturing facilities is just one of several goals and that it is looking to partner with a large two-wheeler manufacturer and a multinational organisation. According to the company, it will make solar off-grid systems, inverters for MNCs, and batteries for fast electric motorcycles that will be introduced in 2025.