Battery start-up secures EUR 47m order in India

A five-year endeavor on the Indian market pays off for small company Lithium Balance, which now sees its first order of DKK 350 million from one of India's largest motorcycle producers.

Photo: Lithium Balance

Smoke from mopeds and motorcycles and polluted air in Indian cities stand to be replaced by battery-powered alternatives, the country's government has decided.

And this political prompt means that Danish company Lithium Balance, employing 45 staff in Smørum near Copenhagen, now bags a contract worth DKK 350 million (EUR 47 million) with one of India's largest motorbike producers.

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