V-Guard Industries has approved an additional investment of INR 25 crore in Gegadyne Energy Labs, its associate company focused on alternative battery technologies. Post acquisition, V-Guard’s shareholding in Gegadyne Energy Labs increases to 30.35% (on fully diluted basis) from the current 24.32%.
Gegadyne Energy Labs is developing non-lithium battery technology for energy storage, with advantages including lower total cost of ownership (TCO), longer operational life, faster recharge capability, better safety and lower maintenance requirements compared to conventional solutions.
With the investment, V-Guard aims to “participate, nurture and have access to Gegadyne Energy Labs’ alternate battery technology with the potential to leverage the technology for various primary applications like distributed uninterruptible power supply (DUPS) systems and energy storage solutions and ‘secondary applications’ in other products of V-Guard’ s existing portfolio.”
The investment is expected to be completed by March 31, 2026.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.