Diversified technology firm Panasonic India is betting big on its energy-related business and expecting to clock around Rs 700 crore in revenue by 2021 from this vertical, said a top company official.
The company has divided its energy space business into two segments -- energy storage and mobility solutions, Panasonic President and CEO Manish Sharma said.
Panasonic Wednesday introduced its smart electric vehicle charging service 'Nymbus' to tap emerging opportunities in the mobility sector.
"This is a very important segment for us. Over all, from all energy related business by 2021, we are looking at a revenue of Rs 700 crore," Sharma told PTI.
According to him: "The market opportunity would be around Rs 5,000 crore by then. This would include battery energy and electric charging business."
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