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Panasonic India aims INR 700 crore revenue from energy biz by 2021

Power News - Published on Fri, 17 May 2019

Image Source: BW Businessworld
Economic Times reported that diversified technology firm Panasonic India is betting big on its energy-related business and expecting to clock around INR 700 crore in revenue by 2021 from this vertical, said a top company official. The company has divided its energy space business into two segments -- energy storage and mobility solutions, Panasonic President and CEO Manish Sharma said.

Panasonic introduced its smart electric vehicle charging service 'Nymbus' to tap emerging opportunities in the mobility sector. Mr Sharma told that "This is a very important segment for us. Over all, from all energy related business by 2021, we are looking at a revenue of INR 700 crore."

According to him "The market opportunity would be around Rs 5,000 crore by then. This would include battery energy and electric charging business."

Nymbus is a charging service that combines charging stations, swap stations, on board charges, telematics systems and the virtual components like cloud service, analytics, intuitive dashboard and artificial intelligence.

The company has presently introduced Nymbus in Delhi NCR region and is currently available for two and three-wheelers only.

Panasonic has plans to expand charing solutions for other vehicle categories and to expand to 7-8 cities in the next three years.

Panasonic India Head Energy Systems Division Atul Arya said that "We have currently deployed our solutions in Delhi NCR. We aim to expand to 25 cities in the next five years targeting approximately one million vehicles."

As part of the first phase, Panasonic has partnered with electric mobility service providers' SmartE and qQuick, wherein Panasonic will be deploying the EV charging service on 150 SmartE electric three-wheelers and on 25 Quick 2-wheelers in the Delhi NCR region.

Source :

Posted By : Ratan Singh on Fri, 17 May 2019
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