Godi India to set up 12.5 GWh lithium giga factory in Telangana

HYDERABAD: Telangana Chief Minister of Telangana A Revanth Reddy along with Mahesh Godi, Founder & CEO, Godi India Private Limited, announced the setting up of a 12.5-GWh Lithium & Sodium Ion and related technologies R&D and Giga scale cell manufacturing facility in the State with an investment outlay of Rs 8,000 crore over a period of five years. A Memorandum of Understanding was signed between State Government and GODI India on Wednesday at the World Economic Forum (WEF) in Davos. The proposed project has employment generation potential of 6,000 in the Phase 1. The project aims to have a 2.5 Gwh cell assembly line in phase-1, with planned expansion up to 10 Gwh in second phase.

Setup in 2020, Godi has swiftly emerged as a key player in the energy storage domain. In a short duration, Godi achieved milestones such as developing Li-ion pouch and cylindrical prototype cells in its Li-ion pilot production line. Godi has future innovations in the pipeline, including sodium-ion and solid-state battery technologies, and establishing a cutting-edge cell manufacturing facility, catering to sectors such as defense and aerospace, solar and wind, telecommunications, electric vehicles, and electronics.

Revanth Reddy welcomed the investment and said that the new Government of Telangana was working towards promoting the adoption of electric vehicles and establishing a comprehensive EV & ESS ecosystem in the State.

He added that the proposed project was aligned with the State’s vision of promoting adoption of electric vehicles and Godi will be a key player in Telangana’s ESS ecosystem.

Also Read: Aragen Life Sciences to invest Rs 2,000 crore, create 1,500 new jobs in Hyderabad

Mahesh Godi thanked the Telangana Government for their support and cooperation and said that he was confident Godi would play a key role in enabling and creating an ecosystem of EV & Energy Storage companies in Telangana.

“There is a groundswell of positivity and confidence in the business propensity and growth of Telangana after a Congress Government under leadership of Revanth Reddy took charge,” he said.

Minister for Industries and IT Sridhar Babu, Principal Secretary ITE&C, I&C Jayesh Ranjan and special secretary, investment promotion Vishnu Vardhan Reddy were also present during the meeting.