Pace Digitek subsidiary sets up R&D center in Pune

1 min read     Updated on 22 Jul 2026, 09:24 AM
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Reviewed by
Jubin VScanX News Team
AI Summary

Pace Digitek announced that its subsidiary Lineage Power has established the Pace-Lineage Research Center in Pune to focus on Advanced Chemistry Cells and energy storage solutions. The company has partnered with IISER Pune for research on battery materials, aiming to support indigenous technology development and strengthen the local supply chain.

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Pace Digitek announced that its material subsidiary, Lineage Power Private Limited (LPPL), has established the Pace-Lineage Research Center in Pune to strengthen its capabilities in advanced battery technologies. This dedicated Research & Development (R&D) facility is designed to enhance research, engineering, and product development in Advanced Chemistry Cells (ACC) and energy storage solutions. The initiative aligns with the national vision of Atmanirbhar Bharat and Make in India, aiming to contribute to indigenous technology development and strengthen domestic capabilities in the energy storage sector.

Strategic Collaboration With IISER Pune

As part of this initiative, Lineage Power has entered into a research collaboration with the Indian Institute of Science Education and Research (IISER), Pune. The partnership will focus on undertaking research on advanced battery technologies and battery materials, combining the company's industry presence with the academic and scientific expertise of the institution.

Research Focus and Objectives

The research programme at the Pace-Lineage Research Center will concentrate on Advanced Chemistry Cells (ACC), including Lithium-ion (Li-ion) and Sodium-ion (Na-ion) battery materials. Key objectives include improving battery capacity and cycling stability through the optimization of material coatings, tuning of material microstructure and porosity, and the design of new electrolytes. The Center will also conduct detailed material characterization, electrochemical evaluation, and optimization of cell parameters. Additionally, the facility will evaluate and validate raw materials from domestic suppliers to support indigenous technology development and strengthen the local supply chain.

Key Highlights

The following table summarizes the key details of these developments:

Parameter Details
R&D Center Name Pace-Lineage Research Center
Location Pune
Focus Area Advanced Battery Technology, ACC
Research Partner IISER Pune
Collaboration Domain Energy Storage Research, Battery Materials

Strategic Significance

The establishment of the R&D facility reflects Pace Digitek's long-term strategy to expand its research and engineering capabilities in ACC technologies and advanced battery systems. This move complements the company's existing manufacturing, engineering, and project execution capabilities in the Battery Energy Storage System (BESS) segment. Mr. Venugopal Rao Maddisetty, Chairman & Managing Director, Pace Digitek Limited, stated that the collaboration with IISER Pune brings together scientific research and industry expertise to advance battery materials and support indigenous technology development.

Historical Stock Returns for Pace Digitek

1 Day5 Days1 Month6 Months1 Year5 Years
-2.31%-1.96%+9.08%+24.17%-8.02%-8.02%

What is the expected timeline for the Pace-Lineage Research Center to transition from research to commercial product development?

How will the collaboration with IISER Pune influence Pace Digitek's competitive positioning in the global battery technology market?

What are the potential challenges in scaling up the production of indigenous ACC technologies for mass market adoption?

Pace Digitek Unit LPPL Expands Strategic Cooperation with MEGMEET for AI Data Center Power Infrastructure in India

2 min read     Updated on 20 Jul 2026, 11:24 AM
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Reviewed by
Anirudha BScanX News Team
AI Summary

Pace Digitek's subsidiary Lineage Power Private Limited has expanded its strategic cooperation with MEGMEET Electrical India Private Limited, announced on July 20, 2026, to support AI data center power infrastructure capabilities in India. The partnership leverages LPPL's BESS manufacturing and system integration strengths alongside MEGMEET's advanced power electronics, extending their existing 5+ year telecom power alliance into the AI data center domain.

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Pace Digitek has announced that its material subsidiary, Lineage Power Private Limited (LPPL), has expanded its strategic cooperation with MEGMEET Electrical India Private Limited to support AI data center power infrastructure capabilities in India. The agreement, announced on July 20, 2026, builds on a business relationship spanning over five years in telecom power solutions and aims to strengthen integrated power infrastructure solutions. This collaboration is expected to leverage LPPL's manufacturing and system integration capabilities alongside MEGMEET's advanced power electronics to address the growing demand for reliable and energy-efficient infrastructure in the AI computing and hyperscale data center sectors.

Agreement Details

Under the expanded strategic cooperation, MEGMEET will serve as a strategic supplier of AI data center power systems and related products to LPPL. The scope of the partnership includes technical support, product upgrades, training, and lifecycle after-sales services. Product supply will be undertaken through mutually agreed purchase orders. The cooperation extends the companies' existing alliance in telecom power solutions into the domain of AI data center power infrastructure, combining power management, energy storage, and system integration expertise.

Parameter: Details
Subsidiary: Lineage Power Private Limited
Partner: MEGMEET Electrical India Private Limited
Agreement Type: Strategic Cooperation
Key Focus: AI Data Center Power Infrastructure
Existing Relationship: Telecom Power Solutions (5+ years)
Services Included: Technical support, upgrades, training, after-sales

Strategic Context

The partnership builds upon LPPL's established Battery Energy Storage System (BESS) manufacturing capabilities. By adding AI data center power systems to its portfolio, Pace Digitek aims to broaden its integrated energy infrastructure offering. The company is positioning itself to address the evolving requirements of the digital infrastructure ecosystem by utilizing its manufacturing, engineering, and execution strengths. This move aligns with the broader industry trend where the growth of AI computing and digital infrastructure is driving significant demand for robust power solutions.

Venugopal Rao Maddisetty, Chairman & Managing Director of Pace Digitek Limited, stated that AI data centers represent a significant growth opportunity and that the company's existing BESS manufacturing capabilities provide a strong foundation for this market. He emphasized that combining LPPL's manufacturing and system integration capabilities with MEGMEET's AI data center power systems will strengthen their technology portfolio.

Sam Hong, Sales Executive at MEGMEET Electrical India Private Limited, expressed that combining MEGMEET's advanced power electronics with LPPL's execution capabilities aims to support reliable, efficient, and scalable power infrastructure for next-generation data centers in India.

Historical Stock Returns for Pace Digitek

1 Day5 Days1 Month6 Months1 Year5 Years
-2.31%-1.96%+9.08%+24.17%-8.02%-8.02%

What is the projected revenue contribution from this AI data center partnership to Pace Digitek’s financials over the next fiscal year?

How will this collaboration impact Pace Digitek's competitive positioning against other power infrastructure providers in the rapidly growing Indian data center market?

Are there plans to expand this strategic cooperation beyond India to other international markets where AI infrastructure demand is surging?

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1 Year Returns:-8.02%