GODI plans 12.5 Gwh cell factory in Telangana
GODI India Private Ltd has signed an MoU with Telangana to set up a 12.5 GWh cell manufacturing facility with an investment of ₹8,000 crore, the parties announced.
The agreement was signed at the World Economic Forum in Davos by Shri A. Revanth Reddy, Chief Minister of Telangana, and Mahesh Godi, Founder & CEO of GODI India.
The company plans to set up a lithium and sodium ion and related technologies R&D and giga scale cell manufacturing facility over five years, starting with 2.5 Gwh of cell assembly line coming online in Phase 1 and expanding by 10 Gwh in Phase 2.
Welcoming the investment, Revanth Reddy said GODI's proposed project was aligned with the state's vision to promote electric vehicles and establish a comprehensive ecosystem for EVs.
Mahesh Godi said that he was confident the company would play a key role in enabling and creating an ecosystem of EV and energy storage companies in Telangana.
GODI has emerged as a key player in the energy storage domain, having developed Li-ion pouch and cylindrical prototype cells in its Li-ion pilot production line.
The company has future innovations in the pipeline, including sodium-ion and solid-state battery technologies, and establishing a cutting-edge cell manufacturing facility, catering to sectors such as defense and aerospace, solar and wind, telecommunications, electric vehicles, and electronics.