Pace Digitek subsidiary establishes R&D center, partners with IISER Pune

Pace Digitek Limited announced that its material subsidiary, Lineage Power Private Limited (LPPL), has established a dedicated Research & Development (R&D) Center in Pune named Pace-Lineage Research Center. This facility aims to bolster capabilities in advanced battery technologies, including Advanced Chemistry Cells (ACC) and energy storage solutions, aligning with the 'Make in India' initiative. LPPL has also entered into a research collaboration with the Indian Institute of Science Education and Research (IISER), Pune, to focus on advanced battery materials and technologies like Lithium-ion and Sodium-ion. The R&D center will also validate domestic raw material suppliers to strengthen the local supply chain. This strategic move is part of Pace Digitek's long-term vision to enhance its research and engineering expertise in the growing energy storage market.