Micromax Forays Into Solar Panel Manufacturing, Partners China's Jinchen

Domestic handset maker Micromax Informatics has forayed into the renewable energy market with the introduction of its new division, "Startup Energy", the company announced on Wednesday. Micromax has signed a partnership with China’s solar equipment maker Jinchen to set up a 5GW solar module production facility.

The manufacturing of solar panels will begin in stages, incorporating automation systems and high-efficiency module production technologies, the company said.

This is a notable shift for Micromax, previously known for its consumer electronics products.

“At Micromax, we have always been driven by innovation and a commitment to transforming lives through technology. With Startup Energy, we are extending this vision to the renewable energy sector, bringing our expertise in cutting-edge solutions to solar power. Our goal is to make clean energy more accessible, reliable, and cost-effective, ensuring that individuals and businesses alike can benefit from sustainable power solutions. 

"By investing in advanced solar panel manufacturing, we aim to support India’s mission for energy self-reliance while actively contributing to a greener, more sustainable future by reducing our carbon footprint," Rajesh Agarwal, Managing Director, Micromax Informatics, said in a statement.

Startup Energy will establish a state-of-the-art manufacturing facility. The company will also explore strategic R&D partnerships to develop next-generation solar solutions.