A Mumbai-based startup, Gegadyne Energy, is here to revolutionize the domestic battery pack market with their proprietary battery technology. With the mission to “leapfrog battery technologies to the next stage & thereby change the economics of Electric Vehicles and everything else associated with them now and into the future”, Gegadyne Energy is looking to pioneer in the space of Quick Charging Battery Technologies by developing batteries that are not only more efficient, but also cheaper and lighter.
Aiming for a commercial roll-out in 2020, the duo behind this technology intended to address the key issues of batteries that are currently in use. The technology is primarily here to solve two key pain points surrounding EV batteries – charge time and battery life. Although the lithium ion batteries – that are commonly seen in cellphones these days, are moderately quick to charge, they tend to lose a portion of their battery life through subsequent charging cycles – which they saw as an opportunity.
They began the usage of super-capacitators, that not only have quick charging properties but also have a longer battery life and are not as heavy to carry around. However, in their native state, they too wouldn’t make the right fit. The performance of supercapacitators had to be improved through usage of graphene, composite nanomaterials, and artificial atoms – in order to counter the high self-discharge rate and low energy density. It used the concept of electrostatic charge storage & rapid kinetic Faraday reaction. With a higher energy density, it has become possible to make the final product lighter and more compact when compared to existing battery packs.
This innovation has led to the startup designing a prototype product of 1kWh, the technology of which supports quick charging of 0-100% within 15 minutes and an improved battery life cycle of 50x compared to conventional lithium-ion batteries. The batteries are said to roll out in cylindrical, pouch and prismatic forms. Although the focus of the start-up is primarily, electric vehicles, the applications of the same range from consumer devices, telecom towers, and stationary energy storage systems.
Making in India allows us to change the unit economics of EVs and everything else associated with them. Unless the batteries get closer to $100/kWh, it will be a daunting task for EV manufacturers to compete with petrol-based vehicles. At present, it is about $300-350/kWh
With batteries accounting for almost 40% of the total cost of an EV, it is imperative to devise a battery component to reduce the overall cost to be borne by the end consumer. Riding on the Make In India initiative, the start-up aims to provide its batteries as a substitute to imported ones currently in use. The company claims that the price of these new batteries would be similar to the lithium-ion batteries and hopes for economies of scale to further push down the price.
All in all, with a great team, a clear vision, a deep understanding of their product, and with immense potential, Gegadyne Energy looks all set to ride the EV wave in India.