Bengaluru: Nash Energy, a mass-scale LFP cell manufacturer, has signed a strategic Memorandum of Understanding (MoU) with US-based Rincell Corporation.
The partnership aims to manufacture Nickel Manganese Cobalt (NMC) battery cells in India, targeting the rapidly growing markets for drones, defence, aerospace, and electric vehicles (EVs).
As part of the agreement, Rincell will transfer its proprietary high-C rate battery cell technology to Nash Energy, enabling local production of advanced NMC cell formats such as 18650 (4.1Ah), 21700 (5.8Ah), and NMC 5Ah/4Ah with 5C and 8C rates.
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These cells are designed for high-performance applications that demand both energy density and fast discharge rates.
Nash Energy to Establish Giga Factory in India
Nash Energy will establish a Giga factory in India with a projected capacity of 10 GWh, developed in phases based on customer demand. This facility will support multi-chemistry cell production and strengthen India’s push toward self-reliance in battery manufacturing. The company already operates a 600 MWh LFP cell plant in Bengaluru and serves over 15 Indian and international clients.
“This partnership with Rincell brings world-class NMC battery technology to India and accelerates our roadmap to become a global leader in advanced cell manufacturing,” said Sanjay S Wadhwa, Managing Director of Nash Energy.
“We are excited to collaborate with Nash Energy, combining our technological innovation with their local market leadership to support India’s energy and mobility transition,” said Jignesh Parikh, Co-Founder and CEO of Rincell Corporation.
The collaboration follows a revenue-sharing model and involves close engagement with Tier-1 and Tier-2 customers, many of whom have already expressed strong interest through early purchase commitments.
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The companies also plan to co-develop next-generation cell formats based on evolving sectoral requirements.
This partnership underscores the importance of technology transfer and domestic manufacturing in reducing reliance on imported battery solutions and supports India’s ambition to become a global hub for energy storage and electric mobility.
