Gegadyne Energy in advanced stage of developing new-age batteries for EVs

Elaborating on the technology, Varghese said they have been working on supercapacitors, which can capture and release a huge amount of energy in seconds

The high cost of batteries has been a major obstacle in the widespread use of solar energy and electric cars. Two engineering students faced the same issue when they were making an electric-car for their final year project. The cost of the battery was three times their investment in all other parts combined.
 
The two students, Jubin Varghese and Ameya Gadiwan, are now the co-founders of an energy start-up, Gegadyne Energy Labs, which is in an advanced stage of developing new-age batteries.
 
The company claims it has a technology that is 50 times better than the conventionally used