The market for developing E-bike and 2 & 3-wheeler EV batteries is largely untapped
by other battery manufacturers, and the adoption of stationary energy storage systems
has yet to take off in our target market.
Partnership & New Projects
Partnership & New Projects
THE OPPORTUNITY
We incorporate nickel miners and smelters in our vertically integrated supply chain, securing a strong supply of material to produce high-quality batteries at a superior cost to other manufacturers. The quality of our product is further ensured as the production process of engineering, assembly, testing, and overall quality control is completely contained in our advanced production facility.
MITORA Energy Nusantara has two principal sites of operation—a 20 GWh/year Lithium-ion Batteries (LiBs) manufacturing plant, and a site of nickel mines and smelters.
We envision a three-phase evolution to achieving our mission of being a leader in rechargeable lithium-ion battery solutions for high-power applications.
Already underway, we will ramp up sales and production in the existing facilities to profitability through funded development contracts and sales of custom engineered power solutions to the Indonesian government and select niche markets; a break even run rate is expected by the end of 2023.
We expect to expand and enter new market areas through the establishment of strategic partnerships. These partnerships are expected to bring joint development, joint engineering, and joint sales. Phase II is already in progress, with three partnerships in active negotiation. If successful, the company will have significant partners in the transportation and stationary power markets. Under current assumptions, each of these partnerships will bring significant demand for product and access to capital to fund increases in production capacity and working capital. In order to meet the considerable production demands of these partnerships, we intend to expand production capacity significantly through the acquisition of an additional manufacturing facility.
We will look to further extend our reach into market areas by licensing our technology to other high-volume manufacturers who operate in areas the company might not otherwise access.
Target Market
There are about 2 billion people in the immediate area living in countries with aspirations to use lithium-ion batteries (for electric vehicles and storage).
Our primary target geography is:
- Indonesia
- ASEAN
- India
- Australia
Secondary markets include:
- Europe
- North America (Canada is an ASEAN partner already)
- Regional Demand Mordor Intelligence estimates total demand for lithium-ion batteries in the ASEAN area at USD$0.6 billion
Mitora Energy Nusantara’s Value Proposition
The Indonesian Government has established two high-level economic goals: to be a hub for producing and exporting EVs and to utilize the country’s natural resource of nickel in order to attract investment into the building of a battery supply chain. As this is in line with MITORA Energy Nusantara’s mission to develop batteries for EVs and energy storage systems for the ASEAN region, the Indonesian Government has expressed support for our expansion.
Furthermore, in order to ensure that the increasing battery demand contributes to the Indonesian economy, there is a ban on direct nickel exports; this forces the largest lithium-ion battery manufacturers to work with Indonesian companies, like ourselves, and the Indonesian government to develop a battery manufacturing supply chain within the country in order to gain access to the raw material.
As such, we believe that the opportunity for a synergistic relationship with foreign battery manufacturers and automotive companies is stronger than a competitive one. We are also going to make a Training Center for Lithium-Ion Batteries and Agriculture in Manado, with the professional Japanese as the mentors. In the future we will also have a Research & Development Center (R&D Center) that includes training and technical assistance in Awaji Island, Japan.
Business Operations
- Robot stacking of cells
- Current collector welding
- BMS wiring
- Cell module stacking
- Cell module wiring
- Cell pack assembly in enclosure
- Testing
We are operating in a 100ha space in Central Java for the expansion of the 20GWh/ year lithium-ion battery manufacturing plant. The space is an industrial park prepared by the Indonesian Government, and it provides the appropriate infrastructure for port facilities, roads, electricity, water, and drainage; this is crucial to establish a decarbonized space and for the transportation of nickel from our partnering mines and smelters in South Sulawesi. MITORA Energy has plans to spearhead the expansion of the industrial park by inviting partnering manufacturers to establish plants in the space, an initiative that would strengthen our supply chain and attract further investment into domestic manufacturing.
Taman Mini Indonesia Indah
The purpose of this project is to revitalize Taman Mini Indonesia Indah (TMII) as a center for preserving national pride for Indonesian culture as it represented in the various ethnic cultures around the archipelago, and to make the area as the first TOD (Transit-Oriented Development) based pilot project that is integrated with various infrastructure and public facilities such as the Light Rail Transit (LRT) and toll roads.
Taman Mini Indonesia Indah will be a cultural hub for educational , recreational, and the performing arts. The project will also highlight other country /continents’ cultural and technological contributions in the form of a modeling a smart city, piloting sustainable energy and resource management. The project will have two phases; the first phase including redesign and renovation of the cultural park and gardens included in the main area of TMII (±394 Ha), followed by the second phase of development of the peripheral areas to include a Leisure Park, Retail outlets, commercial offices and exclusive apartments.
