The Battery Gets a Digital Identity. India’s First Blockchain-Based Battery Passport pilot launched by Zenfinity and Chargeup

The Battery Gets a Digital Identity. India’s First Blockchain-Based Battery Passport pilot launched by Zenfinity and Chargeup

New Delhi [India], December 16: This initiative empowers key stakeholders such as drivers, NBFCs, OEMs, Policy makers and recyclers, fueling EV adoption and financial inclusion in India.

Zenfinity Energy, a deep-tech battery company incubated at IIT Madras, and Chargeup, India’s EV Tech platform for last mile drivers, today announced the launch of India’s first blockchain-based Battery Passport, starting with a 3,000-battery pilot (15 MWh) to be deployed across major Indian cities in the next 6 months. Built on India’s emerging “Battery Aadhaar” framework, this passport captures both static and high-resolution dynamic data across the full battery lifecycle–marking a pioneering step toward India’s transition to Digital Battery Passports (DBPs) aligned with global standards.

India’s Growing Battery Dependence Requires Smarter Lifecycle Data

India is projected to import more than 25 GWh of lithium-ion cells and batteries in FY25-26, equivalent to nearly 156,000 tonnes of cells. With rapid electrification of commercial fleets, the nation must ensure these assets stay productive for as long as possible. To finance this scale of batteries–whether new, in-field, or in resale markets–stakeholders need accurate State of Health (SoH) and remaining useful life (RUL) data. These metrics can only be generated through continuous capture of in-field dynamic data reflecting cyclic ageing, calendar ageing, thermal stress, operational behavior, and telemetry patterns.

A Technological Breakthrough for India’s Battery Ecosystem

Zenfinity’s Battery Passport is engineered to combine:

  • Manufacturing metadata (supply chain, batch characteristics, QC parameters)
  • Real-time field telemetry (temperature, current, voltage, C-rates, GPS)
  • Physics-informed SoH/RUL algorithms
  • Lifecycle events (service history, repairs, swaps, firmware updates)
  • End-of-life insights for recycling, material recovery, and circularity

All of this is anchored on a permissioned blockchain ledger, ensuring tamper-proof, immutable, and selectively shareable battery records. Importantly, the architecture ensures complex analytics from Zenfinity’s SoH engine do not burden the blockchain ledger, maintaining scalability and performance.

This system supports compliance with India’s Battery Waste Management Rules (BWMR 2022) and Extended Producer Responsibility (EPR) mandates, while creating the data backbone for a transparent, circular battery economy.

Until now, most battery passport initiatives–domestically and globally–focused primarily on static data, material provenance, and supply-chain compliance. By integrating dynamic operational and ageing data, Zenfinity and Chargeup are bringing the next generation of lifecycle intelligence to India’s EV ecosystem.

3,000-Battery Pilot: Linking Battery Health, Driver Behavior & Financing

Over the next six months, Zenfinity and Chargeup will onboard 3,000 drivers and 3,000 blockchain-enabled L3 batteries to the program. OEMs, NBFCs, recyclers, and policymakers will gain access to live dashboards and operational telemetry streams.

This pilot integrates:

  • Zenfinity’s Battery Passport, SoH/RUL engine, and analytics stack
  • Chargeup’s Driver Karma Score, underwriting models, and risk mitigation engine

Each battery receives a unique digital identity capturing its entire operational history, degradation trends, and remaining life. The Driver Karma Score layers on driver behavior, battery usage discipline, and payment reliability, creating a unified risk signature for each asset.

With all lifecycles, behavioral, and financial data in one place, NBFCs gain the ability to lower credit risk, reward responsible drivers, reduce non-performing assets (NPAs), and increase recycling value–while drivers and fleet operators enjoy more uptime and fairer loan terms.

Dr. Kriti Yadav, CEO, Zenfinity Energy, said:

“We’re creating guard rails for bankable batteries. Weak batteries are an ongoing challenge in India’s scaling EV ecosystem. By leveraging blockchain to create an open yet secure battery record, we aim to boost confidence in EV batteries and make it easier for fleet operators and drivers to obtain financing. A verifiable battery passport can assure all stakeholders of a battery’s performance and remaining life, ultimately accelerate EV adoption and set new industry benchmarks.”

Mr. Satish Mittal, Co-founder, Chargeup, added:

“Integrating Zenfinity’s battery passport with our platform is a game-changer for last-mile drivers and the EV financing ecosystem. Through our Driver Karma Score and real-time battery data, responsible drivers will be rewarded with better loan terms and more uptime. Financiers and recyclers, in turn, get unparalleled visibility into asset health. Together, we’re creating a framework where trust replaces uncertainty–benefiting drivers, NBFCs, and the entire value chain with a goal to financial Inclusion and acceleration of EV adoption in India”

About Chargeup

Chargeup: Satish Mittal — satish.m@chargeup.com | +91 90222 02500

Chargeup is India’s first EV tech platform for last mile drivers, enabling battery financing, assured uptime, and guaranteed resale value for electric auto drivers. Through our AI powered platform, we de-risk financing for lenders, extend battery life for OEMs, and help drivers to run more and earn more — connecting all in one seamless platform. Chargeup’s data-led approach expands credit access for underserved last-mile drivers at lower rates, while helping NBFCs and financial institutions de-risk EV financing. With a growing presence across key Indian states, Chargeup is reimagining the future of India’s EV ecosystem and working towards empowering last-mile drivers to run more & earn more.

About Zenfinity Energy:

Zenfinity Energy is a deep-tech battery company building high-reliability packs for EVs and energy storage. We research, design, and manufacture battery systems end-to-end i.e., long-lifetime cell chemistries to BMS, thermal, firmware, and pack integration–engineered for heat, dust, and duty cycles. Our AI digital twin validates every pack against design intent in real time, while Battery Passport creates finance-grade traceability from commissioning to end-of-life. From two/three-wheelers to commercial vehicles and BESS, Zenfinity delivers bankable batteries and a circular pathway to second-life and recycling.

Contacts

Zenfinity Energy: https://www.zenfinity.energy/

Kriti Yadav — admin@zenfinity.energy | +91 9872624291

Carbon Minus Secures 904 MW Solar Projects under MSKVY 2.0 in Maharashtra

Carbon Minus Secures 904 MW Solar Projects under MSKVY 2.0 in Maharashtra

Carbon Minus has recently confirmed the successful award of two significant solar projects under the Maharashtra State Government’s “Mukhyamantri Solar Krishi Vikas Yojana 2.0” (MSKVY 2.0). This initiative marks a significant milestone in the state’s commitment to renewable energy and sustainable development. The objective of this scheme is to solarize 30% of feeders by 2025. For this, 7,000 MW decentralized solar projects will be implemented. With this, farmers will be able to get electricity during the day.

The awarded projects include 174 MW solar power projects in Turnkey-EPC mode with Maharashtra State Power Generation Company Limited (MahaGenco-MSPGCL) and another 730 MW project with Maharashtra State Electricity Distribution Company Limited (MSEDCL). These projects are set to play a crucial role in enhancing the state’s renewable energy capacity and supporting the transition to cleaner energy sources.

“We are honoured and humbled to partner with MahaGenco-MSPGCL and MSEDCL on these landmark solar projects,” said Pankaj Choudhary (Founder and Director). “These projects not only demonstrate our commitment to advancing solar energy in Maharashtra but also contribute significantly to the state’s environmental goals and energy security.” He added.

The 174 MW project will leverage innovative technologies to provide reliable and efficient solar power, supporting local communities and contributing to the state’s agricultural sector. Meanwhile, the 730 MW project is expected to deliver substantial energy savings and reduce carbon emissions, furthering Maharashtra’s vision for a sustainable energy future.

Both projects align with the government’s broader strategy under MSKVY 2.0, which aims to promote solar energy usage among farmers and enhance their livelihoods through green energy solutions.

Carbon Minus is dedicated to driving progress in the renewable energy sector and is committed to fostering sustainable practices that benefit both the environment and local communities. The total order value is estimated at about 3960 Crore, which is surely a testament to the firm’s commitment to cross Rs 5000 Crore turnover by its 5th year founding anniversary.

These solar projects are expected to be developed in multiple phases over the 12-18 months. Upon completion, the project will produce enough renewable energy to power over 500,000 homes annually, helping to mitigate approximately 1.2 million tons of CO2 emissions each year. The initiative is also expected to create thousands of direct and indirect job opportunities, from project construction to long-term operations and maintenance roles. Carbon Minus also affirms its commitments to strengthening local communities by offering by offering local jobs, contributing to community common infrastructures like local roads, schools, and skill centres.

We will focus on using state-of-the-art solar technology and high-quality engineering practices to maximize efficiency and minimize environmental impact. The company also remains committed to fostering strong local partnerships, ensuring community engagement, and contributing to the region’s socioeconomic development.” Says Ashok Kumar, Co-founder & Director, overseeing the project development.

About Carbon Minus 

Carbon Minus is an emerging leader in renewable energy solutions, specializing in solar power, wind energy, and energy storage technologies. The company is committed to accelerating the global transition to sustainable, low-carbon energy systems. Through its cutting-edge technologies and strategic partnerships, Carbon Minus is driving the development of large-scale renewable energy projects across India and internationally. The company’s mission is to reduce carbon footprints and empower communities through affordable, reliable, and clean energy. The company was founded in 2021 by Pankaj Choudhary and Ashok Kumar, an alumnus of IIM Calcutta and IIT Madras, respectively.

For any enquiry, please email us on: info@carbonminus.in

Axllo Green Energy Secures $66M Funding for 20 CBG Plants in South India

Axllo Green Energy Secures $66M Funding for 20 CBG Plants in South India

Axllo Green Energy Private Limited (AGEPL) is poised for a significant leap in the renewable energy sector, securing full funding for 20 Compressed Biogas (CBG) plants across South India. A United Kingdom-based investment firm M/s Climate Capital Technolgy Limited, London, has committed an impressive $66M (around 560 Crores INR) for the erection, commissioning, and operation of these plants, each with a capacity of 5 TPD (Tonnes Per Day).

The first plant, located near Bagalkot, Karnataka, is set to be commissioned on Axllo’s 5-acre land plot. The plant will process Pressmud and Napier Grass as feedstock to produce 5,000 kgs of Compressed Biogas daily. In addition to biogas, the plant will generate valuable by-products such as 32 tonnes of solid manure per day and carbon credits, contributing to environmental sustainability and carbon emission reductions.

The UK-based financing company views this partnership as a key entry into the Indian market, with a primary focus on transacting carbon credits in the international market. Carbon credits are projected to have substantial financial potential, offering promising returns on investment while supporting global carbon reduction efforts.

Commenting on the investment, the CEO of the UK-based financing firm, Climate Capital Technology Limited, Mr. Douglas Prentice, said, “We will work closely with the Axllo team to ensure a smooth transition of funds in alignment with the project’s milestones. We believe this partnership will significantly contribute to India’s renewable energy goals and global efforts towards sustainable energy solutions.”

AGEPL’s CEO and Managing Director, Mr. Sadanand M. Banagar, emphasized the importance of the project beyond its financial value, stating, “Beyond the lucrative financial returns, we are committed to supporting green initiatives that align with our mission to drive sustainability and combat climate change. The significant reduction in carbon emissions and the promotion of renewable energy in rural areas make this project particularly compelling for us.”

This collaboration marks a milestone in Axllo Green Energy’s journey towards a greener and more sustainable energy future, positioning it as a key player in India’s renewable energy landscape.

Contact : Mr. Basavaraj KJ

Media Liason

+91-93800 08946

info@axllo.com