LiKraft - Comprehensive Analysis Report
Summary
LiKraft, legally known as SHOMI LIBATT PRIVATE LIMITED, is the energy division of Dharma Industries, established in 2019 and based in Delhi NCR, Sonipat, Haryana, India. The company specializes in manufacturing high-performance Lithium-Ion Batteries. LiKraft's mission is to establish itself as a preferred Lithium-Ion Battery brand in India by offering innovative, reliable, "Make in India", sustainable, and efficient energy storage solutions. The company envisions creating an advanced future for Lithium-Ion energy storage and integrated solutions, to deliver business value and opportunities to customers, employees, investors, and ecosystem partners. LiKraft provides tailored energy storage solutions to OEMs and system integrators.
1. Strategic Focus & Objectives
Core Objectives
- To become a leading Lithium-Ion Battery brand in India.
- To provide innovative and reliable energy storage solutions that are made in India.
- To push for sustainable and efficient energy solutions.
Specialization Areas
- Customized lithium-ion battery solutions for electric vehicles.
- Specialization in both NMC (Lithium Nickel Manganese Cobalt) and LFP (Lithium Iron Phosphate) chemistries.
- Energy storage solutions for OEMs and system integrators.
Target Markets
- Electric vehicles (especially 2-wheelers and 3-wheelers).
- Solar energy sector.
- Energy Storage Systems (ESS) applications.
- Inverters and industrial applications.
2. Financial Overview
Funding History
As of June 2025, LiKraft is reported to be an unfunded company.
However:
- Its operating revenue ranged between INR 1 Cr - 100 Cr as of March 31, 2024
- Its EBITDA decreased by 48.32% over the previous year
- Its book net worth increased by 15.26%.
- The authorized share capital is INR 9.50 lac
- The total paid-up capital is INR 4.00 lac.
3. Product Pipeline
Key Products/Services
- Lithium-ion batteries for electric vehicles: Providing power solutions for 2-wheelers and 3-wheelers.
- Development Stage: Available
- Target Market: Electric vehicle manufacturers and integrators.
- Key Features: Durable, lightweight, and efficient energy storage.
- Solar energy storage systems: Batteries designed for storing solar energy.
- Development Stage: Available
- Target Market: Solar energy companies, residential and commercial users.
- Key Features: High energy density, long lifespan, and reliable performance.
- Energy Storage Systems (ESS): Solutions for various energy storage needs.
- Development Stage: Available
- Target Market: Industrial and commercial sectors.
- Key Features: Scalable, robust, and designed for grid stability.
- Batteries for Inverters: Power solutions for inverters.
- Development Stage: Available
- Target Market: Manufacturers and distributors of inverters.
- Key Features: Stable power supply, long backup time, and efficient performance.
- Telecom batteries: Batteries designed for telecom applications.
- Development Stage: Available
- Target Market: Telecom companies.
- Key Features: Reliable, long-lasting, and efficient power for uninterrupted service.
- Batteries for Medical devices: Power solutions for medical devices.
- Development Stage: Available
- Target Market: Medical device manufacturers.
- Key Features: Safe, reliable, and efficient power for critical medical equipment.
4. Technology & Innovation
Technology Stack
- Core platforms and technologies: High-performance Lithium-Ion Batteries, incorporating LMFP, NMC, and LFP chemistries.
- Proprietary developments: Durable, lightweight, and eco-friendly lithium-ion batteries, advanced battery management systems, thermal management, overcharge protection, and protection against current surges, deep discharges, and high temperatures.
- Scientific methodologies: Investment in next-generation technologies such as solid-state batteries and advanced lithium-ion solutions, including the integration of IoT capabilities.
5. Leadership & Management
Executive Team
- Vikram Bathla: Director
- Professional Background: Director at LiKraft.
- Kapil Arora: Director, Founder and MD
- Professional Background: Founder and MD at LiKraft.
- Key Contributions: Leads the company's strategic direction and innovation efforts.
- Sumit Arora: Director
- Professional Background: Director at LiKraft.
6. Competitive Analysis
Major Competitors
- BYD Company
- Company Overview: A large manufacturing company.
- Focus Areas: Battery technology, electric vehicles.
- Technological capabilities: Battery production.
- Notable achievements: Global presence in the electric vehicle market.
- Competitive Positioning: High competitor in battery market.
7. Market Analysis
Market Overview
- Total addressable market size: The global lithium-ion battery market was valued at USD 107.14 billion in 2024
- Growth potential: The global lithium-ion battery market is projected to grow from USD 134.08 billion in 2025 to USD 578.20 billion by 2032, exhibiting a CAGR of 23.22%. Another source estimates the global lithium-ion battery market size was estimated at USD 54.4 billion in 2023 and is projected to reach USD 182.5 billion by 2030, growing at a CAGR of 20.3% from 2024 to 2030.
- Key market trends: Increasing adoption of electric vehicles (EVs), growing preference for LFP batteries, and increasing investments in battery production facilities.
- Market challenges and opportunities: Government policies and sustainability initiatives.
8. Strategic Partnerships
- Zypp
- Komaki
- Gemopai
- NXTE
- Walmart
- Switch
- Lords
- Essel
- Konark
9. Operational Insights
- Current market position: Focuses on providing reliable performance, just-in-time manufacturing, and battery financing options
- Manufacturing Capacity: Over 15,000 lithium mobility batteries per month.
- Competitive advantages: The company manufactures Lithium-Ion Batteries.
10. Future Outlook
Strategic Roadmap
- Prioritizing innovation and global expansion.
- Aligning with national objectives for sustainable development and is supported by government policies.
- Advanced battery management systems and expansion into new markets.
