Prostarm Info Systems Limited Board approved signing an MOU with China's Shenzhen Topband Co. Ltd. for Battery Energy Storage System (BESS) collaboration.
TOPBAND will supply SKD kits and technology while Prostarm handles local assembly, integration, and commercialization targeting C&I, home, and utility-scale projects in India.
Prostarm committed to minimum purchase of USD 10 million over 18 months from first commercial order, subject to definitive agreements.
The collaboration aligns with Make in India initiative and aims to strengthen long-term partnership in Indian energy storage market.