Innolia Energy to Capitalize Rs 225 Crores in Solar Module, EV Products Manufacturing Facility

US-based Innolia has announced that it has launched a project involving investment of Rs 225 crore to set up a manufacturing facility in Hyderabad for solar modules, lithium battery and electric vehicle (EV) products.

"Leveraging years of developing advanced technology solutions for companies in the US, Innolia Energy's manufacturing plant (300MW) in India delivers a fully integrated and customisable system solution of solar panels, lithium-battery and EV products manufacturing under a single roof," a company statement said.

According to the declaration, the manufacturing unit is India's first fully integrated solar and lithium battery pack manufacturing company providing technology integration solutions for general-purpose or application-specific renewable markets.