Gegadyne Energy has developed alternate battery tech with energy density similar to lithium-ion batteries.
Gegadyne Energy has been awarded ‘Energy Startup of the Year 2019’ at the 9th Annual Entrepreneur Awards 2019. Founded in 2015 by Jubin Varghese and Ameya Gadiwan, it is a Mumbai-based start-up that promises a better alternative to lithium-ion batteries.
“India has the potential to become the authority in EV technology in India, and we are in the forefront of this evolution as battery is the heart of any motor vehicle,” said Jubin Varghese, co-founder and CEO of Gegadyne Energy. “I am thankful to the Entrepreneur group for recognising and rewarding our efforts,” Jubin added.
Earlier at the Entrepreneur 2019 Summit, Amitabh Kant, CEO of NITI Aayog, had shared that EVs are on the anvil of explosive growth in the country. Gegadyne Energy is one of the few start-ups that are driving NITI Aayog’s Electric Vehicle Mission 2030, which states that India can create a $300 billion domestic market for EV batteries by 2030.