Innolia Energy, a US-based company, will launch Phase-I of the Rs 225 crore integrated solar, lithium-ion battery and electric vehicle assembly facility in Telangana. The project will manufacture solar modules, assemble lithium batteries and electric vehicles.
The company plans to set up a facility for 300 MW and become an integrated facility for customisable solution provider for solar panels, lithium battery for two and three-wheelers and EV products manufacturing under a single roof.
While the Phase-I will begin commercial production from October 2019 on a four acre site allocated by the Telangana government in E-City. The company also intends to roll out electric two wheelers in early 2020. In the Phase-I, Rs 30 crore has been invested.