# Zerodha’s Nikhil Kamath explores alternative batteries for India

2026-08-13T13:23:05+00:00 | Technology | Indian Opinion Desk

Corroboration: 1 independent outlet

In the latest episode of his podcast 'People by WTF', Zerodha co-founder Nikhil Kamath discusses battery technologies that could power India's next manufacturing wave with Henning Rath, CEO of EnerVenue, and Kun Tang, Executive Chairman of HiNa Battery. The conversation highlights safety concerns with lithium-iron-phosphate (LFP) batteries, with Tang stating the world recorded over 14,000 LFP battery fires in 2025 alone. Tang's HiNa Battery has supplied what it calls the world's first 100-megawatt-hour sodium-ion storage project. Sodium costs roughly a tenth of lithium and resists thermal runaway, but has lower energy density, limiting it to grid storage and short-range vehicles. EnerVenue bets on a nickel-based, water-electrolyte battery for stationary storage. Both guests say solid-state batteries are far from commercial production. Kamath is considering entering the energy transition, and Rath advises him to build a battery company, not a car company, for India's scooter and three-wheeler market.

## Coverage

- livemint.com <https://www.livemint.com/news/india/zerodhas-nikhil-kamath-explores-battery-technologies-that-could-power-indias-next-manufacturing-wave-11786618284900.html>

Tags: battery technology, electric vehicles, energy transition, lithium batteries, Nikhil Kamath, sodium-ion batteries
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