Bengaluru-Based EV Startup Pravaig Dynamics To Export Batteries To Greece

Tata Group’s Agratas To Build 40 GW EV Battery Factory In UK

Bengaluru-based electric vehicle startup Pravaig Dynamics has announced that it won a deal to export its energy storage systems for solar farms in Greece, according to a report by the news agency PTI. This has been a breakthrough for an Indian company in the highly competitive renewable energy market in Europe. Pravaig, which manufactures high-precision batteries for its EVs, will sell 20 MwH batteries as part of the Greece deal, the company said in a statement.

Pravaig Dynamics also said that the order underscores India’s emerging role as a key player in renewable energy technology and highlights the nation’s potential to become a leading exporter in this vital sector.

Though the current order is small, the company further expects a larger order in the future course. A media statement by the company highlighted, “Pravaig Dynamics has successfully closed a deal to export its first batch of energy storage systems for solar farms to Greece. This ground-breaking export not only marks India’s entry into the global market for solar farm storage solutions but also signifies a significant stride in international economic cooperation.”

With entirely Indian-designed and manufactured technology, Pravaig Dynamics’ achievement not only bolsters India’s position as a leader in sustainable energy but also enhances its stature as a reliable partner in global economic and diplomatic initiatives. This milestone sets the stage for deeper cooperation and mutually beneficial partnerships between India and nations across the globe,” the statement added.

In other news, Pravaig Dynamics was surrounded by controversy when an electric vehicle (EV) manufactured by Pravaig Dynamics met with an accident at Rajaji National Park in Uttrakhand leaving four people dead in January this year. The company later expressed regret over the incident and said that it happened during a demonstration and emphasized its commitment to working closely with the investigating agencies and distributors to gather more information and assist in the ongoing investigation.