Energy storage platform Cellex Battery Systems announces the successful culmination of its latest funding round, marking a momentous stride in its mission to redefine the global energy storage landscape.
The funding round, facilitated by Melwani Finance Ltd-Mumbai, showcased robust participation from international investors deeply committed to advancing sustainable energy storage technologies. This resounding show of support underscores Cellex’s commitment to addressing the critical global demand for reliable, high-performance, and eco-friendly energy storage systems.
“We are elated by the overwhelming response from both our existing and new investors, who share our vision for reshaping the energy storage industry,” expressed Pramoth Madhavan, Cellex’s CEO. “This funding injection will expedite our efforts in developing cutting-edge battery technologies that not only deliver high performance but also adhere to stringent environmental sustainability standards.”
The infused capital will catalyze Cellex’s research and development initiatives, propelling the advancement of its portfolio of next-generation batteries. Moreover, the funding will enable the scaling up of production capabilities and the forging of strategic partnerships, fostering the widespread adoption of Cellex’s revolutionary energy storage solutions.
Cellex extends its gratitude to its investors, partners, and dedicated team members whose unwavering commitment and expertise continue to propel its success. The company remains resolute in its mission to revolutionize energy storage, contributing to a greener and more sustainable future for generations to come.
About Cellex Battery
Coimbatore-based Cellex Battery Systems Pvt Ltd (Cellex) seeks to dominate the energy storage market by offering top-notch, cutting-edge energy solutions at competitive prices.
Advanced third-generation energy storage systems provider Cellex serves a broad spectrum of applications.