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Innolia Energy to set up assembly unit in Telangana

Wednesday, 11 Sep 2019

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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.