Powering the Future: Exide Pumps Rs 80 Crore into Bengaluru Li-ion Cell Plant

Exide Industries Limited has made a strategic investment of Rs 80 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited (EESL), to accelerate the development of a lithium-ion cell manufacturing facility in Bengaluru. The move underscores Exide’s commitment to India’s clean energy transition and the growing demand for electric vehicle batteries.

Key highlights of the investment:

1. The Rs 80 crore infusion was executed through a rights issue, with EESL allotting two crore equity shares of Rs 10 each at a premium of Rs 30 per share  
2. This brings Exide’s total investment in EESL to Rs 3,882.23 crore, maintaining its 100 percent ownership  
3. The funds will support the greenfield plant in Bengaluru and meet other operational requirements  

About Exide Energy Solutions Limited:

- Incorporated in March 2022, EESL focuses on manufacturing lithium-ion battery cells, modules, and packs  
- The Bengaluru facility will produce advanced chemistry cells in cylindrical, pouch, and prismatic formats  
- EESL aims to cater to India’s expanding electric vehicle market and stationary energy storage needs  

Financial snapshot:

- Paid-up equity capital: Rs 1,274.21 crore  
- Net worth as of March 2025: Rs 2,738.06 crore  
- FY25 turnover: Rs 116.89 crore  
- FY25 loss after tax: Rs 209.12 crore  

Market outlook:

- The investment aligns with India’s push for EV adoption and renewable energy storage  
- Exide’s expansion into lithium-ion technology positions it as a key player in next-gen battery solutions  

Sources: CNBC TV18, ScanX News, Humans of EV India