Time Technoplast Ltd (“Time Tech”), a leading manufacturer of innovative polymer and energy storage solutions, proudly announces that its subsidiary Power Build Batteries Private Limited (PBBPL) has successfully received ICAT test report approval for two variants of its E-Rickshaw Battery, branded as “eSTART with SELENIUM.”
This certification marks a major milestone for the company, as ICAT (International Centre for Automotive Technology) testing and approval are mandatory requirements for supplying products to the automotive and Original Equipment Manufacturer (OEM) segments. The certification validates the product’s quality, safety, and performance, reaffirming Time Tech’s commitment to delivering technologically advanced and compliant energy solutions.
Following a comprehensive series of rigorous testing procedures, the “eSTART with SELENIUM” batteries have demonstrated full compliance with national and international standards, reinforcing their readiness for large-scale OEM adoption. The eSTART with SELENIUM batteries are built on advanced Lead-Selenium technology, incorporating a pure Lead-Selenium alloy that enhances performance, efficiency, and durability. This innovative composition ensures low maintenance and cost-effectiveness while offering a safe and robust alternative to conventional lead-acid and lithium-ion batteries. Designed specifically for the evolving electric mobility sector, these batteries deliver consistent, reliable power at a fraction of the operational cost.
Engineered for superior durability and performance, the batteries can sustain up to 450 charge-discharge cycles, providing a longer operational life and higher reliability. Their fast recharging capability, reduced water loss, and ability to deliver extra mileage make them exceptionally suited for India’s demanding e-rickshaw market. This combination of performance and endurance supports drivers and fleet operators seeking long-term value and minimal downtime.
Promoting sustainability and green energy, eSTART with SELENIUM batteries play a key role in India’s clean mobility revolution. By powering e-rickshaws—a vital component of India’s last-mile transportation network—they contribute directly to lowering carbon emissions and advancing eco-friendly urban transportation. Their design supports the nation’s vision of achieving widespread adoption of sustainable, low-cost electric mobility solutions.
Ensuring safety and reliability, these batteries are meticulously designed to minimize self-discharge, water loss, and intergranular corrosion, providing users with consistent and dependable performance. The eSTART with SELENIUM series fully complies with OEM safety standards, ensuring operational stability and peace of mind for manufacturers and end-users alike. Together, these attributes position the product as a benchmark for quality and innovation in the e-mobility energy storage market.
With India rapidly transitioning toward sustainable and electric mobility, the E-Rickshaw market continues to expand at a CAGR of approximately 25%. As of March 31, 2025, India is home to over 1.6 million e-rickshaws, representing a ₹26,400 crore (~US $736 million) battery market.
With 400,000 new e-rickshaws added annually, the demand for reliable, affordable, and high-performance batteries continues to surge—creating substantial opportunities for Time Technoplast and its subsidiaries. Following the brownfield expansion at existing PBBPL manufacturing facilities, the company estimates that this standalone product line will generate approximately ₹150 crore (~US $17 million) in revenue over the next three years.
Time Technoplast Ltd is a leading multinational company specializing in innovative polymer and composite products, with a growing presence in the energy storage and clean mobility sectors. The company operates across 15 countries and serves diverse industries including automotive, industrial packaging, healthcare, and infrastructure. Through its subsidiary Power Build Batteries, Time Tech is actively driving India’s transition toward sustainable, efficient, and affordable energy solutions.
