CLN Energy Ltd
Past performance
About CLN Energy Ltd CLN Energy Limited, established in 2019 and headquartered in India, specializes in the manufacturing of customized lithium-ion batteries, electric motors, and powertrain components for electric vehicles and stationary applications. Operating under the "CLN Energy" brand, the company provides B2B solutions for electric two-wheelers, three-wheelers, four-wheelers, and non-mobility applications like solar energy systems, energy storage systems (ESS), and telecommunications. With a focus on sustainability, the company aligns its operations toward reducing carbon emissions and providing customized solutions tailored for various industrial needs.
The company's manufacturing facilities are strategically located in Noida, Uttar Pradesh, and Pune, Maharashtra. Together, these plants boast significant production capabilities, including 168 MWH per annum in cell grading and 130 MWH per annum in battery manufacturing for two-wheelers, with additional capacities for other battery types. The Noida plant can also produce 60,000 electric motors annually. All facilities are ISO-certified and adhere to global standards for quality, safety, and environmental management, with multiple certifications from ICAT, ARAI, and global bodies for electric vehicles and energy storage applications.
CLN Energy's certifications include AIS037, AIS048, AIS156, IEC62133, and IEC62619, ensuring compliance with stringent automotive and energy standards in India and globally. These certifications emphasize the company's commitment to quality, safety, and regulatory compliance. Additionally, the firm has achieved QF103 certification from the Department of Telecom for its telecom lithium-ion batteries.
To fuel its growth trajectory, CLN Energy Limited is launching an IPO with a fresh issue of 2,892,000 equity shares. This move aims to raise capital for scaling operations and meeting the increasing demand for sustainable energy solutions. The company presents itself as a significant player in India's burgeoning electric vehicle and renewable energy markets.
Performance overview