Agratas Fund Raise: The wholly owned subsidiary of Tata Sons Pvt Ltd develops battery cells, with factories in India and the U.K. Its facilities are designed to be powered by clean energy, according to the company’s website.
“In the long term, our view is that the demand is going to increase to almost 80 million tons and there is about 4-5 million tons coming in capacity, we need to bring more capacities on stream and we will continue to maintain a very balanced approach to this market because customers need the material and we need to bring that on stream. That is it.”
India Business News: MUMBAI: Tata Sons plans to build a four-billion-pound (about Rs 42,300 crore) electric vehicle battery factory in the UK, which will be its first giga.
Agratas Energy Storage Solutions will supply high-density battery packs with a capacity of up to 120 kWh for future Jaguar and Land Rover electric cars.