EnergyWatch

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.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

The 'new' Seadrill estimated to be worth USD 1.2bn

SEB evaluates that the recently restructured Seadrill will have a fair equity value of about USD 1.2bn. Since the news of the restructuring broke over the weekend, the Seadrill stock price has only plummeted.

Higher revenue didn't save Subsea 7 from bottom-line loss

Subsea 7 increased its revenue with 59 percent compared to 2020, however, it was not enough to keep the balance sheet in the black on the bottom line. The offshore company states that delays and Covid-19 impacted business in the second quarter.

Equinor continues advance in Q2

After a year of seeing deficits in several quarters, Equinor now maintains the fine form the company came into during the first quarter 2021.

Further reading

Related articles

Trial banner

Latest News

See all jobs