“If the Chinese engineers don’t arrive on time, then our cell line production will get impacted,” Log9’s co-founder and director, Pankaj Sharma, informed Reuters. “We don’t know by how much, but it can practically destabilise the production.”
Log9 relies on engineers from China to arrange imported equipment and improve current ones at its facility. A delay of about 4 months within the situation of visas would hamper the velocity at which its manufacturing unit reaches peak manufacturing ranges, Sharma stated.
Earlier this month, an Indian authorities official stated some producers who depend on Chinese experience have sought sooner approval for visa functions of their distributors from China.
The feedback come as India tries to place itself as a significant manufacturing hub for firms diversifying away from China, which is grappling with slowing financial progress.
Log9’s Bengaluru manufacturing unit, its solely manufacturing unit at present, has an annual put in capability of 250 MWh of battery manufacturing.
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Its batteries energy the electrical fleet of logistics giants Maersk and Blue Dart Express, and electrical car makers comparable to Quantum Energy and Hala Mobility amid a push from the Indian authorities for cleaner applied sciences. Log9 has offered over 1,000 battery items up to now in 2023 after clocking gross sales of 4,000 items final 12 months, in keeping with Sharma, who declined to reveal the manufacturing figures.
Log9, which counts Amara Raja Batteries and Malaysia’s Petronas as its backers, raised $40 million in January at a valuation of about $210 million. The firm will start the subsequent funding spherical by the tip of this 12 months or early subsequent 12 months, Sharma stated.
Source: economictimes.indiatimes.com