Aluminium Air Battery IndianOil Corporation and Phinergy Limited are partners in IOC Phinergy. The rights for Aluminium Air Battery India to produce and sell its goods are patented by IOC Phinergy. The need for lithium-ion batteries is somewhat mitigated by these batteries. Using these aluminium air batteries in your electric car is more cost-effective and safe. Because these batteries have a 100% material recovery rate, they can be used as energy storage devices.