RCRS Innovations Ltd, headquartered in Noida and the parent entity of EXEGI, a leading lithium-ion battery manufacturer, has announced a pivotal investment of Rs 50 crore to expand its production facilities and diversify its product range. The initiative, led by MD & CEO Aayush Goyal, aims to meet the growing demand for sustainable energy storage solutions. With this investment, RCRS Innovations is set to enhance its manufacturing capabilities in the Delhi NCR region, where it already operates two plants focused on Li-Ion battery packs and solar panels, crucial for renewable energy storage and solar lighting applications.
The company, under Goyal’s leadership, is expected to close the financial year with a notable 70 percent growth, achieving over Rs 115 crore in annual revenue. It ambitiously targets a revenue run-rate of Rs 500 crore by FY26. The announcement also includes plans for launching container-sized energy storage systems for industrial use and a new line of technologically advanced solar panels within the next two years.
This development comes at a time when the demand for clean energy solutions, especially lithium-ion battery-powered, is forecasted to reach over Rs 40,000 crore in the next five years, highlighting RCRS Innovations’ key role in India’s commitment to carbon neutrality and clean energy adoption. This is in line with India’s extensive clean energy initiatives, including significant solar street and home lighting installations and the PM-Surya Ghar Muft Bijli Yojana, emphasizing the country’s shift towards sustainable energy solutions.
