Tesla Power India today announced the launch of ReStore, which it said is India's first and foremost refurbished battery brand. The company is planning to launch 5000 «ReStore Battery Refurbishing Centers» in India by 2025 (500 of which are already operational).
The company said that its proprietary EBEP technology significantly extends the lifespan of all types of Lead acid batteries, including tall tubular inverter batteries and UPS VRLA batteries, offering a cost-effective solution that can extend the battery's life by 1 to 2 years by refurbishing them.
The refurbished batteries under the brand name of “ReStore” will be sold to the customer at almost half of the cost of a new inverter battery along with warranty, the company sais.
«The launch of this brand “ReStore” is in compliance with the “Battery Waste Management Rules 2022” wherein the CPCB has recognized Battery Refurbishing as an approved business activity. This change in the policy and rules will open up a new service industry and approximately 30,000 battery refurbishment centers are expected to open up in India giving employment opportunities to more than 1 Lac people,» Tesla Power India said in a release.
Tesla Power India said approximately 10 crore lead acid batteries are scrapped and replaced every year in India, costing Rs.40,000 crore to the Indian economy.