π Indian Battery Companies to Watch?
EV adoption is increasing, but I think the bigger long-term opportunity could be rechargeable batteries and energy storage. EVs need batteries, and as rooftop solar grows, battery storage will increasingly be needed for using solar power at night. The government is also moving toward mandatory storage for new government renewable projects from 2027.
Which Indian companies are doing well in battery cells, battery packs, BESS/energy storage, or other rechargeable battery technologies?
Also, are there any small/private companies you think have the potential to become significant players?
Not looking to invest immediatelyβjust want to identify promising companies early and keep them on my watchlist for when they eventually go public.