“Deeya’s application of its proprietary L-Cell technology to create high-performance, low-cost
energy storage solutions is among the most promising developments to date within the clean
tech industry,” said Mr. Viswanathan. “Power availability and quality will be increasingly
important global issues, particularly critical in developing regions, and Deeya has an opportunity
to address a broad range of market opportunities within that space.”
Deeya L-Cells offer superior charging and discharging performance compared to other batteries
and are significantly cheaper. The life time of a Deeya L-Cell is 7 years, after which it can be
refurbished and recycled with minimal cost. L-Cells are estimated to be cost-competitive with
lead-acid batteries, and about 10-20 times cheaper than NiMH, Li-lon and Fuel Cell options.
Additionally, L-Cells contain environmentally benign materials and are infinitely recyclable, as
opposed to the kinds of materials used in other batteries, such as lead-acid. The initial focus of
the company is the Indian telecom infrastructure market.
“We are pleased to have NEA’s support as we advance our efforts to deliver a breakthrough
energy storage solution,” said Saroj Sahu, Deeya’s Founder and Chief Technology Officer. “The firm’s energy industry and business expertise, and expanding global presence, will be a
tremendous asset as we develop and manufacture innovative products to address needs across
several key industries, including peak-off-peak load shifting, renewable energy and
uninterruptible power supplies.”

“Deeya’s current focus is to be the supplier of choice to telecom operators in India with our
innovative flow battery solution for cell phone tower energy back-up applications,” said Vic
Mahadevan, CEO of Deeya Energy. “This will allow the telecom operators to expand their
market rapidly by deep penetration into India’s villages with a cost effective and high
performance energy storage platform.”