Waaree Technologies Ltd. Signs MoU with Israeli Company 3DBattery to Develop Advanced Energy Storage Solutions

29th November, 2023: Waaree Technologies Ltd. (WTL), an energy storage division of the leading renewable energy and technology player Waaree Group, announced that it has signed a non-binding Memorandum of Understanding (MoU) with Israeli company, 3DBattery, to develop and produce advanced energy storage solutions, based on 3DBattery?s lithium-ion and upcoming sodium-ion technology. The Parties will evaluate the collaboration further before entering into definitive agreement.

3DBattery provides advanced Lithium ion battery cells with state-of-the-art chemistry, delivering improved energy storage performance. The company offers a range of cell chemistries for a variety of applications, including Electric Vehicles, Micro Mobility, Stationary and Renewable Energy.

Waaree Technologies Ltd. aims to become India?s leading ?Cell to System? technology company, offering reliable, affordable and high-quality energy storage solutions. The synergy between Waaree?s manufacturing capabilities, and 3DBattery?s robust R&D capabilities, will usher in a bold, new era for the renewable energy storage sector. Through the collaboration, Waaree Technologies Ltd. will gain the capability to indigenously manufacture high-performance, rechargeable energy storage solutions, thus significantly strengthening the company?s position in the Indian, and global, new & energy domain.

Commenting on the partnership Mr. Kirit Doshi, Chairman & Managing Director, of the Company, ?We are excited to welcome 3DBattery on board as a partner. Their immense R&D capabilities, coupled with Waaree?s capabilities in manufacturing new energy solutions, will certainly pave the way for a paradigm shift in energy storage. Leveraging 3DBattery?s path-breaking lithium-ion and sodium-ion battery technology will enable us to build capacities for 5GWh of battery cell production. Given the growing awareness of the need to diversify supply chains and reduce dependency on a single source, our ability to produce the first fully Indian-manufactured next-generation battery system assumes a special significance. Through this partnership, Waaree will be equipped with the capability to serve every segment of the energy storage market, and to become a driving force in the global clean energy transition.?

Through collaborations with global players in the renewable & new energy storage space, Waaree Technologies Ltd. reinforces its commitment to manufacturing, and driving the adoption of, new-age technologies that will reshape the world?s energy landscape and pave the path towards Net-Zero.


About Waaree Technologies Ltd. (WTL)

Waaree Technologies Ltd. (WTL) is the energy storage division of the Waaree Group. With a vision to build India?s ?new age fuel? company, a dedication to innovation and excellence. WTL aims to be the preferred brand in the growing energy storage segment.

WTL is committed to creating India?s top-notch ?Cell to System? technology, offering reliable, affordable and premium-quality energy storage solutions for renewable energy applications and electric utilities, as well as solar energy electricals storage systems. With strong domestic & international sales, and bolstered by the service presence of Waaree Group, WTL aims to deliver the highest levels of customer satisfaction, and advance the clean energy transition across the globe.

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