Journey of Nishita Baliarsingh: Founder and CEO of Nexus Power- Entrepreneur
Journey of Nishita Baliarsingh:
Nishita Baliarsingh, a dynamic entrepreneur and
sustainability advocate, is making waves in the electric vehicle industry as
the co-founder and CEO of Nexus Power. Based in Bhubaneswar, Odisha, Nishita
and her twin sister, Nikita, launched Nexus Power with a clear mission: to
manufacture rechargeable, biodegradable batteries that are environmentally
friendly. Their innovative approach focuses on using crop residue as a raw
material, addressing the significant issue of agricultural waste in India and
globally.
Educational Foundations
Nishita’s academic journey has been diverse and enriching.
She pursued her Bachelor’s in Business Management with a focus on marketing at
Xavier School of Commerce in Bhubaneswar. As she developed her entrepreneurial
skills, she also enrolled in the Institute of Chartered Accountants of India,
where she is currently working toward becoming a Chartered Accountant.
Additionally, she expanded her technical knowledge by studying electric
vehicles and semiconductors at the prestigious Indian Institute of Technology,
Madras.
The Birth of Nexus Power
In 2019, driven by their desire to create a sustainable
solution for the growing electric vehicle market, Nishita and Nikita founded
Nexus Power. Recognizing the urgent need for eco-friendly alternatives to
traditional batteries, they embarked on a mission to create a battery that
charges faster, lasts longer, and reduces carbon emissions. Their commitment to
sustainability led them to develop a prototype during the pandemic,
demonstrating the potential of their innovative technology.
Innovative Technology
Nexus Power's batteries are lithium-ion free and designed to
charge eight to ten times faster than conventional batteries. They also have a
lifespan that is 20% to 30% longer. The sisters secured a provisional patent
for their technology, which not only emphasizes efficiency but also promotes
environmental responsibility. By utilizing agricultural by-products, their
batteries can eventually decompose into organic manure, thus enriching the soil
and benefiting farmers.
Addressing Environmental Challenges
The need for sustainable solutions in the automobile
industry is critical, especially in a country like India, where pollution
levels are alarming. The Baliarsingh sisters aim to tackle this issue head-on.
They highlight that their technology could potentially eliminate billions of
tonnes of carbon dioxide emissions in the future, making a significant impact
on the environment. Their approach aligns perfectly with the global push
towards cleaner energy and sustainable practices.
Empowering Farmers
In addition to its environmental benefits, Nexus Power also
aims to uplift farmers. By providing them with an alternative income source
through the sale of crop residues for battery production, the company can
improve livelihoods. Farmers can earn additional income while simultaneously
reducing waste. This dual benefit of sustainability and economic support
illustrates the holistic approach that Nishita and Nikita have adopted in their
business model.
Journey of Nishita Baliarsingh: Founder & CEO of Nexus Power- Entrepreneur /age/net worth/investor/Nishita Baliarsingh story/biodegradable batteries
Recognition and Awards
Nishita's entrepreneurial journey has not gone unnoticed.
She has received multiple awards for her innovative contributions to battery
technology, including recognition in prestigious platforms such as Forbes 30
Under 30 and PMI Global Future 50. Her achievements serve as an inspiration for
young entrepreneurs and highlight the impact that innovative thinking can have
on addressing global challenges.
Sharing Knowledge and Inspiration
Beyond her entrepreneurial pursuits, Nishita is passionate
about mentoring and guiding aspiring entrepreneurs. She has been invited to
speak at various events, sharing her journey and insights with students and
young professionals. One notable event was the "LEAD Lecture Series,"
where she and Nikita shared their experiences and the challenges they faced in
building Nexus Power. Their story resonated with many, proving that
determination and innovation can lead to success.
Lifelong Learning
Understanding the need for continuous growth, both sisters
took on certification courses in fields like nanotechnology and hybrid vehicle
design. This commitment to lifelong learning is a testament to their dedication
to creating a product that stands out in the competitive electric vehicle
market. Their proactive approach ensures that they remain at the forefront of
technological advancements in their field.
Engaging with the Community
During a recent webinar hosted by the Asian School of
Business, Nishita and Nikita captivated an audience of students with their
story. The session featured a video showcasing Nexus Power's journey, followed
by a lively discussion. Students were eager to learn from the sisters, asking
questions about their inspirations, challenges, and the journey of turning an
innovative idea into a successful business.
Words of Wisdom
As the session concluded, Nishita and Nikita shared valuable
advice with the audience. Nishita emphasized the importance of believing in
oneself and pursuing one’s passions, encouraging students to dream big and stay
true to their values. Nikita echoed this sentiment, advising attendees to
remain open to ideas and continuously challenge themselves. Their words
inspired many to consider how they could make a difference in their own
pursuits.
A Greener Future
Through Nexus Power, Nishita Baliarsingh is not just
innovating battery technology; she is paving the way for a more sustainable
future. With a focus on environmental responsibility and community upliftment,
she is redefining the landscape of electric vehicle power sources. As she
continues to push boundaries, her journey serves as a beacon of hope for a
greener planet, demonstrating that with determination and creativity,
meaningful change is possible.
A timeline based on the story:
2000-2015 - Nishita studies at Xavier School of Commerce and
Institute of Chartered Accountants of India.
2018 - Enrolls in IIT Madras to study electric vehicles and
semiconductors.
2019 - Nishita and Nikita co-found Nexus Power to create
biodegradable batteries.
2020 - Develops a prototype during the pandemic, securing a
provisional patent.
2021 - Nexus Power's technology shows potential to reduce
carbon emissions significantly.
2022 - Nishita gains recognition, including Forbes 30 Under
30 and PMI Global Future 50.
2023 - Engages in community mentorship and shares insights
at various events, including the LEAD Lecture Series.
