Roshan Energy Technologies, a Telangana-headquartered lithium-iron-phosphate (LFP) battery manufacturer, has announced that it is entering into a partnership with US-based lithium producer Barrel Energy on lithium battery development and production for electric vehicles. The joint venture will first establish a lithium-ion battery manufacturing facility in India, then in North America.
As part of the venture, Barrel will become a majority stakeholder in Roshan Energy Technologies, allowing Roshan Energy the platform for expansion into the Indian market and laterally into international markets. Roshan Energy Technologies will extend its technical resources and expertise. At the same time, Barrel will organize funds and international marketing abilities.
Both organizations will work together to design, plan, and develop customized green energy solutions for customers worldwide.
Plans for the India manufacturing facility with a three-phase rollout of powerful products have been in development by Roshan’s CEO and engineering team leader, S.A. Gaffoor.
A joint R&D division will be developed in conjunction with Barrel’s recently opened Nevada Tech Center as part of the partnership. The Nevada center is the locus for Barrel’s efforts into lithium-ion battery metal recycling and potential battery development and direct metal-ion extraction.
Roshan’s Ashok Shukla, a professor emeritus from the Indian Institute of Science with 40 years of research experience in specialized batteries and over 350 published technical papers, will lead the team with the aim of designing customized solutions for battery development, improvement, and recycling.
This joint venture is facilitated by ArcgenConsulting, a management consulting firm based in Hyderabad, India.
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