Ambri, a US based startup, declared signing of a memorandum of understanding (MoU) to deliver its liquid-metal battery pilot systems to Reliance Industries Limited (RIL). RIL is a strategic investor in the company. The MoU intends to enhance the strategic partnership between the companies. Further, it aims to develop and manufacture Ambri’s batteries in India.
Recently in September 2022, RIL signed definitive agreements to obtain a significant stake in SenseHawk for a total transaction value of $32 million. The transaction includes funding for future growth, product commercialisation, and research and development.