Eastman Auto & Power has announced the significant milestone of crossing 10 million batteries in production and sales for e-rickshaw. This achievement reflects the company’s unwavering commitment to innovation, strategic partnerships, and the increasing demand for advanced battery technology.
The company since its inception in 2006 has established over 400+ strong partnerships with leading original equipment manufacturers (OEMs) across the automotive and energy storage industries, which have been instrumental in the expansion of its innovative battery technology that has revolutionized the e-rickshaw market. This has enabled Eastman to consistently deliver high-performance solutions, boost product offerings, and strengthen its market presence in newer categories such as solar solutions to become India’s leading exporter of solar batteries.
Looking ahead lithium-based batteries and newer chemistries shall be a key driver for growth and innovation at Eastman Auto & Power. The company seeks to position itself as an innovator in the energy transition space bringing technology agnostic value propositions for its consumers. The R&D at Eastman is also being bolstered as the company focuses on bringing new value propositions around solar and e-mobility spaces. The increasing demand for efficient energy storage solutions has also encouraged the company to invest further in manufacturing. By June 2025, EAPL is set to achieve close to 25 GW manufacturing capacity, with 4 GW dedicated to lithium-ion battery production.
Eastman has witnessed remarkable growth in recent years in its revenues. The company has experienced a growth of over 5X in 5 years, reflecting the growing demand for its products and solutions. To continue its trajectory Eastman plans to enhance its manufacturing capabilities with new plants for its storage, power electronics and solar PV panel businesses.
