Voltrez Tech Private Limited: Company Profile

Background

Company Overview

Voltrez Tech Private Limited, established on November 2, 2018, is an Indian startup specializing in the manufacturing of ultra-safe lithium-ion battery cells for electric vehicles. The company is committed to enhancing the safety and performance of energy storage solutions, particularly in the electric vehicle sector. Incorporated in Mumbai, Maharashtra, Voltrez Tech operates within the automotive industry, focusing on clean energy technologies.

Mission and Vision

Voltrez Tech aims to electrify the world, starting with India, by providing high-safety lithium-ion battery solutions. The company's vision is to lead in clean energy innovation, ensuring that clients can confidently adopt electric vehicle technologies without compromising on safety.

Industry Significance

As the electric vehicle market expands, the demand for safe and efficient battery solutions grows. Voltrez Tech's focus on safety and performance positions it as a significant player in the Indian clean energy sector, contributing to the nation's transition towards sustainable transportation.

Key Strategic Focus

Core Objectives

• Safety Enhancement: Developing battery cells that minimize fire risks by preventing dendritic salt formation.

• Local Manufacturing: Utilizing India-specific materials to produce high-quality, locally serviced battery cells.

• Customization: Offering tailored cell chemistry solutions to meet diverse client needs.

Areas of Specialization

• Battery Technology: Specializing in ultra-safe lithium-ion battery cells for electric vehicles.

• Clean Energy Solutions: Providing energy storage systems that support the adoption of electric vehicles.

Key Technologies Utilized

• Proprietary Anode and Cathode Materials: Developing unique materials to enhance battery safety and performance.

• Advanced Electrolyte Systems: Employing liquid electrolyte systems with unique additives to prevent dendritic salt formation.

Primary Markets Targeted

• Electric Vehicle Manufacturers: Supplying battery solutions to OEMs and EV startups.

• Clean Energy Initiatives: Collaborating with organizations focused on sustainable transportation.

Financials and Funding

Funding History

• Grant Funding: On December 7, 2021, Voltrez Tech received a grant of $101,000.

• Accelerator/Incubator Support: The company has been backed by accelerators and incubators, indicating a focus on innovation and growth.

Financial Performance

• Revenue Trends: In the fiscal year ending March 31, 2023, Voltrez Tech experienced a 57.01% decrease in total revenue compared to the previous year.

• Profitability: The company reported a 393.05% decrease in profit during the same period, indicating challenges in financial performance.

• Net Worth: A decline of 10.54% in net worth was observed, reflecting financial pressures.

Utilization of Capital

The funds raised are primarily allocated towards research and development, scaling manufacturing capabilities, and enhancing product offerings to meet market demands.

Pipeline Development

Key Pipeline Candidates

• Ultra-Safe Lithium-Ion Battery Cells: Currently in the development phase, these cells aim to set new industry standards for safety and performance.

Stages of Development

• Research and Development: Ongoing efforts to refine battery cell technology and manufacturing processes.

• Prototyping: Initial prototypes are being tested for performance and safety benchmarks.

Target Conditions

• Electric Vehicles: Focusing on battery solutions for various types of electric vehicles, including two-wheelers and four-wheelers.

Anticipated Milestones

• Product Launch: Expected within the next 12-18 months, pending successful testing and regulatory approvals.

Technological Platform and Innovation

Proprietary Technologies

• Anode and Cathode Materials: Developed in-house to enhance battery safety and longevity.

• Electrolyte Additives: Unique additives designed to prevent dendritic salt formation, a common cause of battery fires.

Significant Scientific Methods

• Material Science Innovations: Utilizing advanced material science to create safer and more efficient battery components.

• Electrochemical Testing: Rigorous testing protocols to ensure battery cells meet safety and performance standards.

Leadership Team

Executive Profiles

• Sunil Mehta: Co-Founder and Chief Executive Officer. With extensive experience in the automotive industry, Sunil leads Voltrez Tech's strategic direction and operations.

• Prasit Kumar Dutta: Chief Technology Officer. Prasit oversees the technological development and innovation strategies, ensuring the company's products remain at the forefront of battery technology.

• Sagar Mitra: Chief Scientific Officer. Sagar leads the research and development efforts, focusing on advancing battery safety and performance through scientific innovation.

Competitor Profile

Market Insights and Dynamics

• Market Size and Growth Potential: The Indian electric vehicle market is experiencing rapid growth, with increasing adoption of electric vehicles and a corresponding demand for advanced battery solutions.

• Industry Trends: There is a growing emphasis on battery safety, efficiency, and local manufacturing to reduce costs and improve supply chain resilience.

Competitor Analysis

• CUSTOMCELLS: A German company specializing in custom lithium-ion battery cells and energy storage systems for extreme conditions.

Strategic Collaborations and Partnerships

• Incubation at IIT Bombay: Voltrez Tech has been incubated by the Society for Innovation and Entrepreneurship (SINE) at IIT Bombay, providing access to cutting-edge research and development resources.

Operational Insights

• Competitive Advantages: Voltrez Tech's focus on safety, local manufacturing, and customization offers a unique value proposition in the Indian market.

• Market Position: While facing competition from established players, Voltrez Tech's innovative approach and strategic partnerships position it as a promising entrant in the battery manufacturing sector.

Strategic Opportunities and Future Directions

Strategic Roadmap

• Product Development: Accelerate the development and commercialization of ultra-safe lithium-ion battery cells.

• Market Expansion: Expand product offerings to cater to a broader range of electric vehicles and energy storage applications.

• Research and Development: Invest in continuous R&D to maintain technological leadership and address emerging market needs.

Future Business Directions

• Sustainability Initiatives: Focus on sustainable manufacturing practices and recycling programs to enhance environmental responsibility.

• Global Expansion: Explore opportunities to enter international markets, leveraging India's growing reputation in clean energy technologies.

Contact Information

• Website: www.voltreztech.com

• LinkedIn: Voltrez Tech Private Limited

• Twitter: @VoltrezTech