Eastman Auto & Power Limited

What Eastman Auto & Power Limited does

Eastman Auto & Power Limited is an India-headquartered manufacturer of energy storage and power electronics products serving four primary markets: e-rickshaw OEMs, residential/commercial/industrial solar and backup-power buyers, telecommunications infrastructure operators, and global emerging-market telecom customers. The company is organized across four operating segments — Last Mile E-Mobility Solutions, Solar Solutions, Continued Energy Solutions, and Global Businesses — and markets sub-brands including Voltsman (power electronics), GridXcel (grid-tie inverters), and Eastman Assure (after-sales service).

The product portfolio spans conventional lead-acid tubular batteries (6 million units per annum across three Baddi, Himachal Pradesh facilities), lithium-ion battery packs, E-rickshaw chargers, Home UPS and off-grid solar inverters, grid-tie inverters from 3kW to 110kW (single- and three-phase, with backward-integrated critical components), telecom-grade lithium batteries and hybrid inverters with up to 10-year warranties, and 800 MW of solar PV panel/module capacity at a Sonipat, Haryana facility. Manufacturing spans three battery plants in Baddi, four power-electronics plants in the National Capital Region, and the 800 MW solar module plant in Sonipat, supporting domestic-content alignment for India's renewable and energy storage programs.

The company operates a hybrid B2B and B2C go-to-market: direct OEM supply contracts (preferred supplier to 400+ e-rickshaw OEMs, an Rs 50 crore annual lithium-ion supply agreement with Vande Bharat E-Vehicles, and global telecom operator contracts across Africa, Middle East, and Latin America) layered with an 800+ dealer/distributor retail network covering all Indian states and a newer ONDC-enabled digital commerce presence on Bajaj Finserv, Hamara Mall, Mystore, and DigiHaat. Revenue is generated predominantly through hardware sales, with no subscription or recurring software revenue disclosed. SEBI approved an IPO of Rs 1,800-2,000 crore in March 2026 for energy transition expansion, and the company was recognized as one of India's Best Workplaces in Manufacturing 2026 by Great Place To Work India.

Name

Eastman Auto & Power Limited

Legal name

Eastman Auto and Power Limited

Website

https://eaplworld.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

India-based energy storage and power electronics manufacturer serving 400+ e-rickshaw OEMs, telecom infrastructure operators, and solar/backup-power customers through conventional tubular batteries, lithium-ion packs, inverters, and 800 MW solar PV modules via an 800+ dealer network.

Ownership category

akta.pro rank

Product category

Energy Storage and Power Electronics

NAICS

Battery Manufacturing (33591), Electrical Equipment Manufacturing (33531), Small Electrical Appliance Manufacturing (33521)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Electric Housewares & Fans (3634)

akta.pro primary industry

Automotive Batteries & 12V/Low-Voltage Energy Storage Manufacturing (IMACAJAJ)

akta.pro secondary industries

Power Electronics Manufacturing (Inverters/DC-DC/Onboard Chargers) (IMACACAD), EV/Industrial Charging Power Electronics (Chargers, rectifiers, power stages) (IMAGADAF), Automotive Charging Hardware Manufacturing (On-board Chargers, Charge Inlets, DC-DC) (IMACAJAK), Home Energy & EV Charging (HEMS, Smart Meters, Batteries, Chargers) (HSAPAQAF)

Keywords

• Energy storage solutions
• Tubular batteries
• Power electronics inverters
• Solar PV panels
• Lithium-ion batteries

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Conventional Tubular Batteries: Sale of lead-acid tubular batteries for e-rickshaw OEM supply, residential inverter/UPS backup power, and solar energy storage systems. Manufactures and sells over 6 million batteries annually.
2. Power Electronics: Sale of E-Rickshaw Chargers, Home UPS/Inverters, and Solar PCU/Inverters. Annual production capacity of 2 million units.
3. Solar PV Panels and Modules: Sale of 800 MW solar PV panel and module manufacturing facility output in Sonipat, Haryana. Supports residential, commercial, and industrial clients with 'Solar with Storage' solutions.
4. HV BESS and Inverter Business: High-voltage Battery Energy Storage Systems (BESS) and inverter products for India's renewable energy sector expansion.
5. EV Battery Supply: Lithium-ion battery supply partnership with Vande Bharat E-Vehicles for ₹50 crore annual supply to power electric rickshaws across India.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Eastman Auto & Power Limited manufactures and sells energy storage and power electronics hardware, including conventional tubular lead-acid batteries (6 million units/year capacity), lithium-ion battery packs for electric vehicles and telecom, home UPS/inverters, solar PCU/inverters, grid-tie inverters (GridXcel 3kW-110kW), E-rickshaw chargers, telecom hybrid inverters, and solar PV panels and modules (800 MW Sonipat facility). The company serves e-rickshaw OEMs, telecom operators, residential customers, commercial and industrial clients through four business segments: Last Mile E-Mobility Solutions, Solar Solutions, Continued Energy Solutions, and Global Businesses.

Product overview

Eastman Auto & Power Limited is a full-spectrum solar energy and energy storage solutions provider with a diversified product portfolio organized across four business segments: Last Mile E-Mobility Solutions (lithium-ion batteries for electric vehicles including e-rickshaws), Solar Solutions (800 MW solar PV manufacturing in Sonipat, Haryana, plus rooftop solar), Continued Energy Solutions (conventional tubular batteries with 6 million units/year capacity from Baddi facilities, and power electronics with 2 million units/year capacity from NCR facilities), and Global Businesses. Key product lines include Conventional Tubular Batteries (Inverter Battery, Solar Battery, E Rickshaw Battery), Power Electronics (Home UPS, Off Grid Solar Inverters, GridXcel Grid Tie Inverters ranging 3kW-110kW, E Rickshaw Chargers), Telecom Lithium Batteries and Hybrid Inverters with up to 10-year warranties. The company serves over 400+ OEMs across India and targets residential, commercial, industrial, and telecom infrastructure markets.

Differentiator

Problem solved

Functional benefit

Brands

• Voltsman: Brand for power electronics including E Rickshaw Chargers, Home UPS/Inverters, and Solar PCU/Inverters
• Eastman Assure Service
• GridXcel
• Eastman One

Products and services

• Conventional Tubular Batteries Lead-acid tubular batteries for e-rickshaw traction, residential inverter/UPS backup, and solar energy storage applications. Manufactured at three facilities in the Baddi region of Himachal Pradesh with annual capacity of 6 million units, supplied to 400+ e-rickshaw OEMs and residential/commercial customers across India.
• Power Electronics (Home UPS / Inverters / E-Rickshaw Chargers) Home UPS systems, off-grid solar PCU/inverters, and e-rickshaw chargers for residential, commercial, and OEM customers. Manufactured at four NCR facilities with annual capacity of 2 million units, sold under the Voltsman sub-brand through dealers and OEM supply contracts.
• GridXcel Grid Tie Inverters (3kW-110kW) Single-phase and three-phase grid-tie inverters spanning 3kW to 110kW for commercial and industrial solar applications, featuring backward integration for in-house manufacturing of critical components, remote monitoring via Eastman One app, IP65-rated enclosure, and 10-year warranty.
• Telecom Lithium Batteries Advanced lithium batteries designed for telecommunications infrastructure, featuring reliability, safety, and efficiency for global deployments with up to 10-year warranties for telecom tower power backup and base station energy storage.
• Hybrid Inverters (Telecom) High-efficiency hybrid inverters for telecom infrastructure with up to 10-year warranties, designed for hybrid power systems supporting global telecom deployments across India, Africa, Middle East, and Latin America.
• Solar PV Panels and Modules 800 MW solar PV panel and module manufacturing capability at Sonipat, Haryana facility, supporting residential, commercial, and industrial clients with 'Solar with Storage' solutions aligned with India's domestic content regulations.
• Last Mile E-Mobility Solutions (Lithium-ion battery packs for EVs) Lithium-ion battery packs and E-Mobility products and solutions for last-mile transportation, including electric rickshaws and other electric vehicles, sold through direct OEM supply contracts.
• Rooftop Solar Solutions Comprehensive solar energy solutions including rooftop solar systems, solar inverters, and solar batteries packaged for residential, commercial, and industrial customers.

Quantifiable outcome

• India's energy storage sector market increased from 122 GWh to 224 GWh in a year
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Two partnerships are on record, tiered strategic and core.

• ONDC (Open Network for Digital Commerce)strategicGTM or Marketing Partner · 22 January 2026Collaboration with Government of India-backed ONDC initiative to expand digital reach of solar solutions, inverters, and energy products across India. Eastman's products are now discoverable on multiple ONDC-enabled platforms including Bajaj Finserv, Hamara Mall, Mystore, and the DigiHaat app, enhancing visibility and purchase convenience for residential and commercial consumers.
• Vande Bharat E-VehiclescoreChannel Partner/ Reseller/ Distributor · 10 June 2025₹50 crore annual supply partnership under which Eastman provides lithium-ion batteries to power Vande Bharat's electric rickshaws across India. Strategic win for Eastman in securing a significant volume buyer for its battery products in the growing EV segment.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Exide Industries: India's largest lead-acid battery manufacturer with growing lithium-ion and inverter businesses; directly competes with Eastman's automotive, inverter, and solar battery portfolio across B2B OEM and dealer channels.
• Su-Kam Power Systems: Indian power backup and solar solutions provider (under restructuring) with a long-standing inverter, UPS, and battery portfolio competing in similar dealer and e-commerce channels.
• Exicom Tele-Systems: Listed Indian EV charging and lithium-ion battery company with both telecom and e-mobility exposure; overlaps with Eastman's lithium-ion EV supply and telecom infrastructure businesses.
• Luminous Power Technologies: Now under Schneider Electric, Luminous sells Home UPS, inverters, and batteries through an extensive Indian dealer network — a near-direct competitor in residential backup power and inverters.
• Microtek International: Indian inverter and UPS manufacturer competing in home UPS, solar PCU, and grid-tie inverter categories; comparable in product mix and dealer-led distribution to Eastman's Voltsman brand.
• Amara Raja Energy & Mobility: Amaron-branded battery maker expanding into lithium-ion, automotive start-stop, and power electronics; closely mirrors Eastman's product breadth across batteries, inverters, and e-mobility customers.
• Okaya Power: Indian battery and inverter manufacturer with overlapping product portfolio in tubular batteries, lithium-ion, solar inverters, and UPS systems for residential and C&I segments.
• Livguard Energy: Indian power backup and energy storage brand offering inverters, batteries, and solar solutions through multi-brand retail and dealer channels — direct head-to-head competitor in Eastman's core residential channel.

Broad incumbents

• Waaree Energies: India's largest solar PV module manufacturer (multi-GW capacity) and broader renewable energy player; competes with Eastman's new 800 MW solar PV line at a substantially larger scale.
• Tata Power Solar Systems: Tata Group subsidiary operating in solar EPC, module manufacturing, and rooftop solar with storage; broader portfolio but overlapping residential, commercial, and industrial solar-plus-storage solutions.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@eastmanindia/videos
• Facebookfacebook.com/EastmanIndia
• LinkedInlinkedin.com/company/eastman-auto-power-limited
• Instagraminstagram.com/eastman_india

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eastman Auto & Power Limited