Eastman Auto & Power Surpasses 10 Million E-Rickshaw Battery Sales Milestone

Eastman Auto & Power has achieved a major milestone by producing and selling over 10 million e-rickshaw batteries, marking a significant leap in the industry. Established in 2006, the company has forged over 400 partnerships with leading OEMs in the automotive and energy storage sectors, driving its growth and innovation.

With advanced battery technology that has transformed the e-rickshaw market, Eastman continues to expand its product range, including solar solutions, solidifying its position as a key exporter of solar batteries in India. This accomplishment underscores the growing demand for reliable and high-performance power solutions.

Shekhar Singal, Managing Director of Eastman Auto & Power Ltd., remarked, “This achievement is a testament to the dedication of our team towards quality and service as well as the trust placed in us by our valued partners. Our commitment to powering India’s journey of ‘Make in India for the world’ is highlighted by this milestone. We are proud to be at the forefront of energy storage solutions, providing our consumers with dependable and cost-efficient energy options that pave the way for a brighter, more inclusive future.”

Eastman Auto & Power is focusing on the growth of lithium-based batteries and emerging chemistries to drive future innovation. The company aims to establish itself as a leader in the energy transition sector, offering technology-agnostic solutions for its consumers. With a strong emphasis on R&D, Eastman is exploring new opportunities in solar energy and e-mobility. To meet the rising demand for efficient energy storage, the company is increasing its manufacturing capacity, targeting 25 GW by June 2025, including 4 GW dedicated to lithium-ion battery production.

Over the past five years, Eastman has seen a remarkable 5X revenue growth, driven by the expanding need for its products. To maintain this momentum, Eastman is expanding its manufacturing facilities, with new plants focused on storage, power electronics, and solar PV panels. The company remains committed to delivering sustainable solutions and collaborating with partners to create a cleaner, more efficient future.

_{Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.}