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India’s Offgrid raises $15M to make lithium optional for battery storage
India's Offgrid Energy Labs has developed proprietary zinc battery tech as a safer, more cost-effective alternative to lithium for energy storage.
“Not only should we be addressing a gap in the market from an application standpoint, but we should also make it financially viable, because there have been technologies and batteries in the past globally, which have the solution, but they’re so expensive that they’re not widely adopted,” said Tejas Kusurkar, co-founder and CEO of Offgrid Energy Labs, in an interview. The UK facility will have a carbon footprint 50% lower than that of a typical lithium battery gigafactory, Srivastava said, adding that the startup has opted for simpler manufacturing processes to reduce both capital and operational expenses. Srivastava told TechCrunch that Archean’s participation is a strategic alignment, as the publicly listed company has considerable expertise in bromine manufacturing and supply chain management.
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