What Nash Energy does

Nash Energy is an India-based battery cell manufacturer and a division of Nash Group, focused on Lithium Iron Phosphate (LFP) and Nickel Manganese Cobalt (NMC) lithium-ion cells for electric mobility and stationary energy storage. Incorporated in 2022 in Karnataka with corporate offices and manufacturing in Bengaluru and a wholly owned R&D center in Japan, the company claims to have produced India's first mass-manufactured LFP cylindrical battery cell (NEI32140E), alongside prismatic and pouch-format LFP cells, next-generation large-format cylindrical cells (4680/4690/46100/46140), and a solid-state roadmap targeting >500 Wh/L by 2026 and 1000 Wh/L by 2028. Production assets include a 600 MWh annual-capacity Dobbaspet facility with a fully automated line for 32140 cells and a 2 GWh prismatic pack line, with stated ambitions to scale to 10+ GWh by 2030 via a planned Giga Factory. Core technology rests on differentiated LFP IP and four patents held by Nash Energy Japan, water-based mixing and dry coating processes, and a senior technical bench that includes former Sony Energy Device and Hitachi engineers. The product portfolio also extends to battery packs with BMS, 3.3 kW EV chargers, 120 W DC-DC converters, BLDC motor controllers, bus bars, wire harnesses, and cell cans, with NMC cells supplied via a partnership with U.S.-based Rincell Corporation for defense, aerospace, drone, and EV applications.

The business model is B2B enterprise sales of hardware (cells, packs, and components) to OEMs and system integrators across electric two-, three-, and four-wheelers, light commercial vehicles, energy storage, telecom, solar lighting, medical devices, and defense, with quote-based, non-publicly-disclosed pricing and direct field sales rather than channel partners. The company is family-controlled through Nash Group (founded 1971 as Nash Industries), with no external institutional investors or venture capital identified, and the parent group has 2,500+ employees, although Nash Energy's standalone headcount is not disclosed. Partnerships with Rincell Corporation (NMC cells, defense/aerospace) and NavPrakriti (closed-loop battery recycling) define the principal go-to-market alliances, while a 2026 strategic partnership with NavPrakriti extends Nash Energy into battery end-of-life management and India's Extended Producer Responsibility compliance.

Name

Nash Energy

Legal name

Nash Energy

Website

https://nashenergy.in

Company type

Private

Founded year

2022

Operating status

Operating

Short description

Nash Energy is an India-based battery cell manufacturer, a division of Nash Group, that designs and mass-produces LFP and NMC lithium-ion cells, packs, and EV components for electric mobility, energy storage, and defense customers.

Ownership category

akta.pro rank

Product category

Battery Manufacturing / Energy Storage Batteries

NAICS

Battery Manufacturing (33591), Battery Manufacturing (335910)

akta.pro primary industry

Cell Manufacturing (Cylindrical, Prismatic, Pouch) (EUAFABAG)

akta.pro secondary industries

Battery Pack Manufacturing & Module Assembly (EUAFABAI), Solid-State Battery Materials & Cell Manufacturing (EUAFABAH), Battery Management Systems (BMS) & Pack Electronics Manufacturing (EUAFABAJ)

Keywords

• LFP battery cells
• Battery pack manufacturing
• Energy storage solutions
• EV battery components
• Solid-state batteries

Headquarters

HQ city

Bengaluru

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Battery Cell Sales: Nash Energy manufactures and sells LFP battery cells (cylindrical, prismatic, pouch formats), NMC cells through Rincell partnership, and next-gen battery cells to OEMs and manufacturers for EVs and energy storage applications.
2. Battery Pack and BMS Sales: Design, develop, manufacture and supply complete battery packs with BMS (Battery Management System) as per customer specifications for various applications including electric vehicles and stationary storage.
3. EV Chargers Sales: Sale of 3.3 KW EV chargers to customers.
4. Power Electronics Sales: Sales of DC-DC converters (120W), BLDC controllers, and related power electronics components for electric vehicles and industrial applications.
5. Components Manufacturing: Manufacturing and sales of Bus Bars, Wire Harnesses, Sheet Metal Frames, and Cell Cans for cylindrical and prismatic form factors to OEM customers.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Nash Energy manufactures and sells LFP (Lithium Iron Phosphate) battery cells in cylindrical, prismatic, and pouch formats, along with NMC cells through a Rincell Corporation partnership, for electric mobility and energy storage applications. The company also designs and manufactures complementary battery components including battery packs with BMS, EV chargers (3.3KW), DC-DC converters (120W), BLDC controllers, bus bars, wire harnesses, and cell cans. Its flagship product NEI32140E is India's first mass-manufactured LFP cylindrical battery cell, produced at its 600 MWh Bengaluru facility.

Product overview

Nash Energy operates as a battery technology and manufacturing company producing a comprehensive portfolio of lithium-ion battery products. The core offerings include LFP (Lithium Iron Phosphate) cells in cylindrical and prismatic formats, NMC (Nickel Manganese Cobalt) cells via partnership with Rincell Corporation, and next-generation products including solid-state cells. Supporting the cell products, Nash Energy manufactures related components including EV Chargers (3.3KW), DC-DC Converters (120W), BLDC Controllers, Bus Bars & Wire Harness, Battery Packs with BMS, and Cell Cans. The company also develops LFP technology, next-gen technologies (targeting >250 Wh/kg energy density), solid-state technology (>500 Wh/L), and process innovations including water-based mixing and dry coating. Manufacturing capabilities include a 600 MWh factory in Bangalore with plans to scale to 10+ GWh through a planned Giga Factory by 2030.

Differentiator

Problem solved

Functional benefit

Products and services

• LFP Cells (NEI32140E, NEI32140P, NEI32140H, FNB27135206) Lithium Iron Phosphate (LFP) battery cells in cylindrical (32140 format) and prismatic form factors for electric mobility and energy storage applications. Includes NEI32140E (15 Ah cylindrical), NEI32140P (12.5 Ah cylindrical), NEI32140H (high cycle life ≥2500 cycles), and FNB27135206 (80 Ah prismatic). Designed for OEMs in EV and stationary storage.
• NMC Cells (INR18650RC41, INR21700RC58, INR21700RC50, INR21700RC40)

Quantifiable outcome

• First mass-manufactured LFP cylindrical battery cell in India (NEI32140E)
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• NavPrakriticoreStrategic or Co-development Partner · 11 March 2026NavPrakriti and NASH Energy formed a strategic partnership to improve India's lithium-ion battery lifecycle management, focusing on responsible recycling and circularity. NavPrakriti operates a large recycling plant with capability to process up to 1,000 tonnes of spent batteries per month at its Serampore facility. The partnership aims to develop closed-loop recycling systems for all NASH Energy-produced batteries, including production scrap, to maximize material recovery, reduce environmental impact, and achieve full compliance with India's Extended Producer Responsibility (EPR) regulations under the Battery Waste Management Rules.
• Rincell CorporationcoreTechnology or IntegrationNash Energy partnered with Rincell Corporation from the United States to bring Silicon-Graphite/NMC (Nickel Manganese Cobalt) battery technology to India. Rincell ships world's highest energy-performance silicon-graphite 18650 and 21700 lithium-ion batteries for defense and commercial applications. The partnership combines Rincell's advanced cell chemistry expertise with Nash Energy's manufacturing capabilities and local market knowledge for delivering high-performance battery solutions for drones, defense, aerospace, and electric vehicles.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Tata Agratas: Tata Group's lithium-ion cell manufacturing venture building a multi-GWh UK/India gigafactory for LFP/NMC cells targeting EVs and storage — directly comparable as an Indian-headquartered mass-market LFP cell maker.
• GODI India: India-based battery cell manufacturer focused on LFP and NMC chemistries with a similar profile to Nash Energy in terms of stage, chemistry focus, and domestic Indian customer base.
• Ola Electric: India's leading electric 2W OEM that is also vertically integrating into cell manufacturing via its 'Bharat Cell' initiative — directly comparable as an Indian LFP-focused mobility cell entrant.

Broad incumbents

• EVE Energy: China-headquartered cell manufacturer widely credited with commercializing large-format LFP prismatic cells (280–320 Ah) for ESS — directly comparable LFP prismatic product to Nash Energy's expanding prismatic line.
• BYD: Vertically integrated EV and battery giant producing LFP Blade Cells — comparable on chemistry, vertical integration, and end-market EV exposure that Nash Energy targets.
• Exide Industries: India's legacy battery leader expanding into lithium-ion cell manufacturing through its subsidiary — established Indian distribution, customer base, and capital base that dwarf Nash Energy's footprint.
• CATL: Global #1 LFP cell manufacturer (via brands like Shenxing) and benchmark for the category — relevant as the dominant competitor Nash Energy's technology and cost position is measured against.
• Amara Raja Batteries: India's second-largest battery manufacturer with a publicly disclosed lithium-ion cell giga-factory plan — comparable on product category and Indian customer base with deeper legacy channels.
• LG Energy Solution: Global top-3 cell manufacturer with multi-chemistry (LFP and NMC) portfolio and major OEM supply contracts — relevant as a broad incumbent competing for the same automotive and ESS customers.

Emerging players

• Log9 Materials: India-based deep-tech battery company specializing in LFP cells with rapid-charge and long-life variants for mobility and stationary storage — similar stage and chemistry focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 Nash Energy