panasonic india aims rs 700 cr revenue from energy biz by 2021 - battery energy

New Delhi, May 15 ()
Panasonic India, a diversified technology company, has invested heavily in its energy
A senior company official said the business is expected to receive 700 rupees in revenue from this vertical business by 2021.
The company divided its energy space business into two parts--
Manish Sharma, president and CEO of Panasonic, said energy storage and mobile solutions.
Panasonic launched its smart electric vehicle charging service, nymbus, on Wednesday to tap new opportunities in the mobile space.
"This is a very important part for us.
"Overall, revenue for all energy-related businesses will reach Rs 700 by 2021," Sharma told reporters . ".
According to him: "By then, the market opportunity will be around Rs 5,000.
This will include the battery energy and charging business.
"Nymbus is a charging service that combines charging stations, exchange stations, on-board charges, telematics systems, and virtual components such as cloud services, analytics, intuitive dashboards, and artificial intelligence.
The company is currently launching Nymbus in the Delhi NCR area and currently has two and three-wheelers only.
Panasonic plans to expand its charing solution for other models to 7-
Eight cities in the next three years.
"We are currently deploying our solution in Delhi NCR.
"Our goal is to expand to 25 cities in the next five years with a target of about 1 million vehicles," said Atul Arya, head of Panasonic's Indian Energy Systems Division.
As part of the first phase, Panasonic is working with SmartE and qfast, an electric vehicle service provider, and Panasonic will be in the 150 SmartE electric three-
Wheels and 25 quick 2-
Drivers in Delhi's NCR area.
Panasonic is also expanding its battery system based on lithium-ion batteries.
"The business is going at a reasonable rate, in line with the adoption rate that is happening in our country, and he added that this adoption took place in the telecom tower and the ATM area.
"I believe it will expand rapidly in key application areas in the next three years where diesel generator sets are used in hospitals, data centers, etc," Sharma said . ".
Panasonic's energy business is part of its B2B business in India, which currently earns about a year.
Sharma said the company expects its B2C and B2B revenue to contribute an average of 50: 50 over the next five years.