Friday, May 03, 2024
Outlook.com
Outlook India
Outlook Business

Tesla Power India Unveils 'ReStore' Plans 5000 Centers by 2025

The refurbished batteries under the brand name ReStore will be sold to the customer at almost half of the cost of a new inverter battery along with warranty

Tesla Power India Unveils 'ReStore' Plans 5000 Centers by 2025
POSTED ON January 15, 2024 12:08 PM

Tesla Power India introduced ReStore, a refurbished battery brand supporting self-reliance, skill development, and green technology.  

The initiative is led by Tesla Power India Private Limited, which is headquartered in Gurgaon and has global headquarters in Delaware, USA. Its cutting-edge Electro-Chemical Battery Enhancement Process (EBEP) is poised to transform the battery industry landscape, the company said in its statement. 

The company announced its planning to launch 5000 "ReStore Battery Refurbishing Centers" in India by 2025, with 500+ already operational, spread across the country.  

The launch of this brand “ReStore” is in compliance with the “Battery Waste Management Rules 2022” wherein the CPCB has recognized Battery Refurbishing as an approved business activit, the company said.   

Kavinder Khurana, managing director of Tesla Power India, said, “By offering affordable refurbished batteries with performance warranty, we aim to not only redefine the market but also to train the micro and small entrepreneurs on our Electro-chemical battery enhancement process (EBEP technology) which has been proven as a game-changer, as we have already refurbished more than 3 Lac batteries using our proprietary technology.” 

ReStore is the first Refurbished battery brand in India, powered by Tesla Power India, the company claimed. By offering affordable and sustainable battery solutions, ReStore is poised to drive significant change in the energy storage sector and beyond, it added. 

  • Related Articles

    The report observed that private equity firms like Advent International, Carlyle, and PAG are actively capitalising on India's healthcare growth

    Indian Healthcare Secures $4.6 Billion In PE Funding Through 22 Deals In 2023: Report

    The program will focus on delivering experience-based practical learnings and exposure to the start-up ecosystem

    PedalStart Launches PedalStars 2.0: Fellowship To Build Core Team Members For Start-Ups

    Articul8 will be able to accelerate its go-to-market strategy and scale its product offerings for the broader GenAI ecosystem

    Intel and DigitalBridge Launch Articul8, An Enterprise Generative AI Company