Company Profile
Krodyne Industries Pvt. Ltd. is establishing a lithium-ion battery assembly, BESS, after-sales and circular battery business inside the Bhairahawa Special Economic Zone (SEZ), Nepal — in partnership with EVE Energy Co., Ltd. The sections below set out the opportunity, business model, strategy, financials, team and partnership case in detail.
Executive Summary
Why Krodyne is a credible battery platform for Nepal and the region
Krodyne Industries Pvt. Ltd. is establishing a lithium-ion battery assembly, BESS, after-sales and circular battery business inside the Bhairahawa Special Economic Zone (SEZ), Nepal. The initial plan is to import cells, BMS, separators, connectors, copper strips / copper busbars and other relevant components from EVE Energy Co., Ltd., assemble and batch-test battery packs in Nepal, and supply them through dealers in Nepal while building export readiness for India.
The business is strongly aligned with Nepal’s rising EV market, hydropower-based clean electricity, improving charging ecosystem and growing need for affordable but reliable battery products. Krodyne’s model combines assembly, quality assurance, distribution, after-sales service, diagnostics, warranty, second-life and recycling.
Krodyne seeks a long-term supply and technical partnership with EVE. In return, Krodyne provides local execution capability, market access, SEZ location advantage and a technically grounded founding team.
Battery Value Chain
Krodyne's proposed value chain - from EVE Energy supply through to after-sales and circularity.
EVE
Cells, modules, BMS and ESS SKD/CKD kits.
Import & QA
UN38.3 logistics, incoming inspection and traceability.
Local Assembly
Pack design, welding, enclosure and BMS programming.
Testing
Capacity, IR, insulation, thermal, aging and safety checks.
Market
Nepal supply and export to India via the border corridor.
Service
Warranty, diagnostics, second-life and recycling.
Challenge
The gap between strong demand and local battery capability
Nepal’s EV and storage demand is rising faster than the local battery ecosystem. Most finished packs are imported, which increases landed cost and limits customization, service speed and local value addition.
Customers increasingly need reliable packs, dependable warranty support, quick diagnostics and technically sound after-sales service. For BESS applications, customers also need safer system design, documentation and integration confidence.
Krodyne addresses this gap by creating a local assembly, testing and service platform that can respond faster, reduce dependency on fully built imported packs and gradually build a circular battery ecosystem.
- Imported finished packs reduce flexibility and local control.
- Service quality is inconsistent across the market.
- BESS deployment needs stronger local engineering and QA capability.
- Recycling and second-life pathways are still underdeveloped.
Opportunity
Nepal's EV and energy-storage momentum directly supports Krodyne's business case
Global Transition
Global transportation is moving from internal combustion engine vehicles toward electric mobility. This transition directly increases demand for lithium-ion cells, modules, battery packs, BMS, charging support, stationary storage and recycling. In this market, battery quality, safety, warranty support and lifecycle management are as important as the initial product sale.
Nepal Transition
Nepal is experiencing one of the most dynamic EV transitions in South Asia. Widely cited market reporting indicates that more than 70% of newly imported passenger vehicles in recent periods have been electric. Lower running costs, lower import duty compared with fossil-fuel vehicles and growing charging infrastructure are accelerating this shift.
This directly links to Krodyne’s business. Nepal’s government is promoting electric mobility to utilize domestic hydropower more productively, cut oil imports and improve air quality. Demand is also increasing in electric scooters, three-wheelers, e-rickshaws/tuk-tuks, commercial mobility and stationary storage applications.
A locally assembled and service-backed battery product can therefore compete on affordability, reliability and faster support while creating local jobs and technical capacity.
Project & Business Model
Krodyne's platform creates value at every stage: sourcing from EVE, local assembly and testing in Bhairahawa SEZ, market supply into Nepal and India, and lifecycle service through warranty, second-life and recycling.
EVE Supply
Cells, modules, BMS and ESS kits sourced from EVE Energy Co., Ltd. as the foundation of the Krodyne battery platform.
Assembly
Pack design, testing and QA performed locally in the Bhairahawa SEZ.
Market Supply
Supply to Nepal EV, solar, telecom and industrial customers, with export to India.
Lifecycle Services
Warranty, second-life and recycling services across the battery lifecycle.
Project Snapshot
A quick overview of where, what, how and who the Krodyne battery platform serves.
Strategic Market Entry
For EVE, Nepal is not only a standalone market at the beginning; the strategic value is the combination of Nepal EV adoption, hydropower-linked energy policy, a favorable SEZ framework and access to India through the Bhairahawa-Sunauli corridor. This gives EVE a practical route to test and scale a local assembly and service model in South Asia without immediately investing in a full manufacturing plant.
Nepal SEZ
Export-oriented industrial base in the Bhairahawa Special Economic Zone.
EV + BESS
Mobility and stationary storage applications.
4-Pillar
Assembly, Supply, Service and Recycling.
Nepal + India
Domestic sales and border export to India.
Assembly Process & Factory Concept
A practical plant model designed for rapid setup and disciplined scaling
Factory concept: incoming inspection area, assembly zone, testing benches, quality hold area, dispatch section and service / returns support.
Incoming Supply
Cells, BMS and related parts are received, inspected and registered.
Assembly
Modules and packs are built through controlled workstations and SOPs.
Batch Testing
Electrical, balancing and safety tests are performed before release.
Dispatch
Approved packs move to dealer supply, projects or export preparation.
After-Sales
Installation support, diagnostics and warranty response build trust.
Circularity
Usable packs can be assessed for second-life or routed to recycling.
Quality, Testing & Certification Plan
Process discipline and documentation that build dealer confidence and support certification readiness.
Krodyne’s quality strategy is based on process discipline and documentation. Every incoming lot will be inspected and logged. During assembly, SOPs will guide handling, interconnection, insulation, BMS integration and pack labeling. Before dispatch, batch testing will confirm voltage, current behavior, balancing, insulation and functional safety.
The certification path will progressively align with the product application, especially for EV battery use, stationary storage, export readiness and institutional sales. This quality framework is central to dealer confidence, customer trust and future scale-up.
- Incoming inspection and traceability tagging
- Assembly SOPs for handling, interconnection and enclosure quality
- Batch testing for voltage, current, balancing and safety checks
- Documentation for warranty, service history and quality records
- Continuous training and process improvement
Strategic SEZ Location Advantage
Why Bhairahawa SEZ improves cost, logistics and market access
Outcome: lower landed cost, local value addition, faster after-sales service and scalable Nepal and India market access.
Supply Chain Efficiency
Raw materials can move from China via ocean freight through Kolkata and onward rail / road connectivity, or via overland routes such as Kerung or Tatopani.
Tax & Customs Advantage
SEZ operations are presented as eligible for 100% corporate income tax exemption for the first 5 years, followed by 50% exemption thereafter. Eligible raw battery cells and capital machinery import into the SEZ can reduce initial capex through customs relief.
Financial & Policy Advantage
The SEZ setting supports a lower-cost industrial platform and stronger policy alignment for export-oriented manufacturing.
Border-led Export Logic
Mandatory export requirements are presented as relaxed, requiring 15% export initially and scaling to 30% in subsequent years, improving the feasibility of a Nepal-first and India-export model.
China
Cells, modules and BMS supplied via land route, with technical support from EVE.
Nepal
Assembly, testing and QA on a lower-cost SEZ platform, with dealer supply, export and after-sales service.
India
EV / e-Rickshaw market plus ESS and industrial application demand, with a border-led advantage.
Target Markets
Domestic Nepal, India export, BESS and lifecycle services
Nepal EV Market
Passenger EVs, two-wheelers, three-wheelers and e-rickshaws create direct battery demand.
Indian Export Market
The Bhairahawa border position supports access to nearby Indian markets and e-rickshaw / EV demand corridors.
BESS & Industrial Storage
Krodyne will target energy storage for commercial, industrial and grid-support applications. NEA and related stakeholders are increasingly exploring BESS integration.
After-Sales & Lifecycle Services
Diagnostics, warranty, replacement, second-life and recycling create recurring revenue and stronger customer retention.
Strategy & Outline Plan
A phased growth path built on realistic execution
Krodyne’s strategy is to begin with disciplined assembly, testing and dealer-market execution, then scale into broader applications, stronger service systems and deeper localization. The initial approach intentionally avoids the risk and capital intensity of full cell manufacturing and instead captures value through smart localization and service reliability.
This strategy matches the team profile. Krodyne’s founding members come from electrical engineering, distributed generation, automation, infrastructure, energy efficiency and EV-linked backgrounds, which supports stronger technical credibility, market understanding and problem-solving capability.
Partnership & Setup
Partnership, SEZ readiness, plant setup, SOPs and pilot batches.
Rollout
Dealer network, after-sales strengthening and initial commercial supply.
BESS + India Gateway
India-facing channels and BESS applications for C&I and grid support.
Circular Scale-up
Second-life, recycling, R&D and broader product customization.
Revenue Model & Financial Logic
Diversified, recurring revenue across the battery lifecycle, not just initial pack sales.
Revenue will be built from diversified but related streams. This protects the business from depending only on initial battery-pack sales. After-sales service, spare parts, installation, annual maintenance contracts and replacement modules can become important recurring revenue lines.
| Revenue Stream | Description | Margin Logic |
|---|---|---|
| Battery pack sales | Sale of EV, telecom, UPS and industrial packs. | Assembly value addition, brand quality and volume pricing. |
| BESS project sales | Cabinets, racks and integrated storage systems. | Higher project value and engineering margin. |
| Installation and commissioning | Site installation, testing, handover and training. | Service and engineering fees. |
| AMC and diagnostics | Periodic battery health checks and BMS reporting. | Recurring service income. |
| Spare parts and warranty handling | BMS, modules, connectors, chargers and accessories. | Controlled parts channel and customer retention. |
| Second-life and recycling | Collection, grading, repurposing and recycling tie-up. | ESG value, recovered value and compliance positioning. |
First Round of Funding Allocation
Use of funds for Phase I build-out
The first round is intended to create an operationally ready business. Priority allocation will go to plant setup, assembly tools, testing infrastructure, working capital for imported components, training and market activation.
Indicative Phase I capital need is approximately NPR 250-400 million, subject to final facility scale, product mix and the depth of the initial EVE supply framework.
Plant Setup & Tooling
Assembly benches, fixtures, racks, safety zones and controlled workstations.
Working Capital
Cells, BMS, separators, connectors, copper busbars, enclosure materials and packaging inventory.
Testing & QA
Electrical safety test rigs, BMS validation, batch-test records and traceability systems.
Sales Network
Dealer onboarding, product launch, pilot customer support and market education.
Training & Compliance
Process training, warranty procedures, documentation and regulatory readiness.
Investment & Financial Rationale
Why the business is attractive to investors
Krodyne captures value across sourcing, assembly, testing, distribution and service. Profitability can improve over time through scale, better procurement economics, export channels and second-life revenue streams.
For EVE, the model creates dependable downstream demand. For investors, it provides a practical way to participate in Nepal’s EV and energy-storage growth without the high capex of upstream cell manufacturing.
Capital Efficiency
Assembly is faster and less capital-intensive than full cell manufacturing.
Margin Logic
Local assembly lowers landed cost while service creates recurring value.
Market Durability
Demand is supported by EV growth, storage needs and lifecycle services.
Investor Value
Investors gain exposure to a high-growth, policy-aligned energy transition business.
Grants, Green Finance & Climate Support
Blended finance opportunities in Nepal's green-transition context
Krodyne can position itself not only for equity and commercial debt but also for green finance, concessional finance and technical support. The business reduces fossil-fuel dependence, supports hydropower utilization, promotes cleaner mobility and advances circular battery management.
Potential avenues include green loans from domestic banks, sustainability-linked working capital, concessional or blended finance from development institutions, carbon-aligned support mechanisms and technical assistance from organizations working on EVs, environment and clean energy. Illustrative institutions may include ADB, IFC, the World Bank Group, UN agencies, bilateral climate facilities and domestic or regional green-finance platforms.
Green Funds
Green fund and green loan products.
Blended Finance
Concessional or blended finance from development institutions.
Carbon Finance
Carbon-linked or climate-aligned support mechanisms.
Technical Support
International support in EV, clean energy and circular economy.
Capacity Grants
Grant-backed capacity building for testing, recycling and workforce development.
Risk Management
A disciplined mitigation system for supply, quality, market, regulation and finance
Krodyne will manage project risk through phased investment, verified supply agreements, documented quality systems, active regulatory monitoring and a service-led market strategy. The objective is to reduce both investor risk and EVE brand risk while scaling responsibly.
Supply Risk
Supplier alignment, buffer stock and phased procurement.
Quality & Safety Risk
SOPs, batch testing, traceability and warranty records.
Market Adoption Risk
Dealer onboarding, pilot customers and service differentiation.
Regulatory / SEZ Risk
Legal verification, approvals tracking and a compliance calendar.
Financial Risk
Phased capex, working-capital control and diversified revenue.
Implementation Roadmap
From setup to commercial scale
This roadmap balances urgency with execution discipline so that commercial readiness can be achieved without compromising quality and market trust.
| Timeframe | Milestone |
|---|---|
| 0-3 Months | Finalize EVE partnership discussions, confirm plant concept and complete preparatory entity / regulatory work. |
| 3-6 Months | Install facility infrastructure, procure tools and testing equipment, and recruit the core operating team. |
| 6-9 Months | Receive initial supply lots, produce pilot batches, validate quality and onboard priority dealers. |
| 9-12 Months | Start commercial operations, strengthen after-sales support and scale Nepal market supply. |
| 12-24 Months | Expand into India-facing channels, BESS applications and circular battery services. |
Partnership with EVE
What Krodyne requests and what Krodyne offers
Krodyne is seeking a practical partnership that allows both sides to grow: EVE gains a committed downstream platform in a promising market, while Krodyne gains dependable component supply and technical credibility to scale responsibly.
Support requested from EVE
- Supply of lithium-ion cells, modules, BMS, ESS kits and related components
- Technical guidance for pack architecture, application selection and quality benchmarks
- Support in testing logic, process discipline and product validation
- Training / knowledge transfer for assembly, handling and field-support readiness
- Potential long-term cooperation in BESS and application-specific product development
What Krodyne brings
- SEZ-based assembly and market execution platform in Bhairahawa
- Access to Nepal's fast-growing EV and storage market
- A technically sound founding team with power, infrastructure and EV exposure
- Local after-sales capability, dealer development and customer support
- A long-term vision for export, second-life use and recycling-led circular growth
Future Plan & Conclusion
A circular battery ecosystem built from Nepal outward
Krodyne’s future plan extends beyond Phase I assembly. The company aims to build a circular battery ecosystem covering advanced BESS solutions, second-life use of suitable packs, structured recycling, data-driven product improvement and increasingly customized solutions for Nepal and nearby markets.
The overall investment case is strong: Nepal’s EV market is growing, the country is actively promoting electricity-based mobility, hydropower provides a clean-energy foundation, the SEZ creates cost advantage, and Bhairahawa provides direct border-linked export logic. Combined with Krodyne’s technically sound team, market understanding and service orientation, the business is positioned to become a credible battery platform for Nepal and beyond.
- Future BESS integration and grid-support business lines
- Second-life and recycling strategy based on circular economy principles
- Greater local value addition and application-specific R&D
- Export growth and wider strategic partnerships