Cygni Energy, a cutting-edge energy storage solutions provider incubated at IIT-Madras, has launched its 4.8 GWh Battery Energy Storage System (BESS) Gigafactory at E-Mobility Valley in Maheshwaram, on the outskirts of Hyderabad. Established with an initial investment of ₹100 crore, the facility spans 160,000 sq ft over five acres and forms part of the Electronics Manufacturing Cluster dedicated to e-mobility infrastructure.
The inauguration of Phase I was officiated by Shri Jayesh Ranjan, Special Chief Secretary to the Government of Telangana and CEO of the Industry & Investment Cell in the Chief Minister’s Office. He was joined by prominent dignitaries including Prof. Ashok Jhunjhunwala, Chairman of IIIT-Hyderabad, and Mr. Srini Raju, Founder of iLabs Group. The event also brought together several leading industry stakeholders and members of Cygni’s senior leadership team.
The Gigafactory currently operates three production lines and will manufacture high-capacity battery packs for electric vehicles and grid-scale energy storage applications. Cygni has already secured orders for 1 GWh from BESS developers and EV clients, signaling strong market demand.
Looking ahead, the company plans to ramp up production to 10.8 GWh over the next two years through Phase II, which involves a further ₹150 crore investment. This expansion will include three additional automated cell-to-pack production lines and container integration capabilities to support both stationary storage systems and the growing e-mobility market.
Cygni expects to create over 1,000 direct and indirect jobs across both development phases, contributing to regional employment and India’s broader energy transition goals.
“We plan to grow exponentially in energy storage in both domestic and international markets,” said Venkat Rajaraman, Founder and CEO of Cygni Energy. He highlighted the company’s strong funding trajectory, which includes seed support from IIT Madras, $6.5 million raised in 2018, and $12.5 million secured in 2022.
This facility is also India’s first LEED-qualified battery manufacturing plant, reflecting the company’s commitment to sustainable manufacturing and innovation in energy storage.
