Ruchira Green Earth, a manufacturer of lithium batteries and allied products for various applications, expects to grow in the next three years due to the rapidly growing demand for electric vehicles and the rising consumption of lithium-ion batteries. Ruchira Green Earth has set a revenue target of Rs 500 crore by 2025, based on pent-up demand for lithium-ion batteries from India’s rapidly growing EV market.
Ruchira Green Earth is also planning a major capacity expansion to meet the rapidly growing demand for swappable and replacement batteries. Ruchira Green Earth is currently producing EV batteries for 2-3 wheelers as a supplier of lithium batteries for leading EV manufacturers such as Vector electric e-bikes and Komaki, among others. It is also planning to enter the swappable and replacement battery markets, as well as large Energy Storage System (ESS) applications in India.
“Spearheading the EV revolution in India, we are moving ahead with our plans to achieve Rs 500 crore revenue over the next three years,” said Deepan Garg, director of Ruchira Green Earth. To meet this goal, we’re bringing on some bigger OEMs and focusing on large ESS applications for a variety of other needs, whether B2B or B2C. We have already built an excellent infrastructure for manufacturing and assembling cutting-edge lithium batteries, and we are steadily increasing our capacity. We have hired the best of the manpower to produce the best quality products, while our mega plant is equipped with complete lab equipment. To set ourselves apart in the industry, we continue to host free after-sales service camps across India.
Ruchira Green Earth has a mega production plant spread over almost two acres in Yamuna Nagar. The company has also developed energy storage batteries for home inverters. “As part of our strategy, we are also assisting our original equipment manufacturers (OEMs) while educating the end consumers at the same time,” said Garg.
Ruchira Green Earth has added an exciting new range of eco-friendly Li-ion EV Batteries to its product portfolio under its flagship brand AKIRA.