29 Apr 2022 , 11:48 AM
“Nexus Power’s technology solution goes a step ahead in making the EV space cleaner and more sustainable. We envision Nexus Power giving a new and fresh dimension to the approach of electric vehicle makers and the automobile space on the whole. There is no doubt that the company is slated to create ripples in this ever expanding and evolving space,” said Pooja Mehta, CIO, JITO Angel Network.
"Looking at the current trends and dynamics of the automotive industry; dependable and environment friendly batteries are the need of the hour. We believe Nexus batteries have the potential to fasten the global shift towards E - mobility. Partnering with the right ecosystem enablers like the JITO Angel Network shall enhance R & D and product development. With this round, we have rapid scalability and amplified operations in mind!" said Nishita Baliarsingh, Co-founder & Chief Executive Officer, Nexus Power.
The electric vehicle industry is one of the rapidly growing industries in India. The Indian EV Market is currently worth USD 700 Million, with huge potential for future growth. Globally, the market is expanded at a CAGR of 42% and currently stands at USD 50 billion.
"Battery Tech is booming and researchers across the globe are putting their heart into innovating in this domain. With bio - degradable, energy efficient batteries from Nexus, we want to change the way people look at sustainability! Made from crop residue, Nexus batteries are affordable, effective and completely made in India. With extensive R&D and product designing @ Nexus, we aim to revolutionize the energy storage Industry!" said Nikita Baliarsingh.
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