Swiss-based leading energy storage solution company, Leclanche have entered into a joint-venture agreement with India’s largest manufacturer of lead acid storage batteries and power storage solutions provider, Exide Industries to make lithium-ion batteries and provide energy storage systems for India’s electric vehicle market and grid-based applications focussing on e-transport, on stationary energy storage systems and speciality storage markets, reported The Times of India and Mint. The production plant of the joint venture is to be based in Gujrat.

The Trilegal team advised and assisted Leclanche on the transaction documents of the joint-venture agreement led by partners Akshay Jaitly and Charandeep Kaur, counsel Moksha Bhat,and associates Shringarika Priyadarshini and Dhruv Malhotra, while partner Nikhil Narendran, senior associate Nirupama Jayasimha, and associate Kiron Noronha assisted on the intellectual property licensing. The competition law team was led by partner Nisha Kaur Uberoi.

Shardul Amarchand Mangaldas represented Exide and was led by partner Sakshi Mehra and senior associate Shiladitya Banerjee.

As part of the joint venture, Leclanche will provide access to its knowhow and intellectual property for lithium-ion cells, modules and battery management systems and Exide Industries will leverage its extensive sales network and brand. As a result of this unique combination, the joint venture is ideally positioned to be a leading provider of storage solutions for electric vehicles and energy storage applications in India and will also contribute to developing solutions to increase the amount of renewable energy that is used and reduce India’s dependence on fossil fuels.

2018-06-27