V-Guard Increases Stake in Gegadyne Energy Labs to 30.35% with INR 25 Crore Investment
V-Guard Industries has approved a INR 25 crore investment in Gegadyne Energy Labs, raising its stake to 30.35%. Gegadyne focuses on developing non-lithium battery technology for energy storage, offering benefits such as lower costs, longer life, and better safety. The investment aims to leverage this technology for various applications, including uninterruptible power supply systems. Completion of the investment is expected by March 31, 2026.
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V-Guard Industries will invest INR 25 crore in Gegadyne Energy Labs, increasing its ownership from 24.32% to 30.35% on a fully diluted basis. Gegadyne Energy Labs is focused on non-lithium battery technology, which promises lower total cost of ownership, longer operational life, rapid recharge, improved safety, and reduced maintenance compared to traditional batteries.
This investment allows V-Guard to access and develop alternative battery technology for primary applications like distributed uninterruptible power supply systems and other products in its portfolio. The investment is set to be finalized by March 31, 2026.
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