4 months ago
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Waaree Energies connected Monday (January 5, 2026) said that its limb Waaree Energy Storage Solutions raised ₹1,003 crore from a clump of strategical investors, including household offices, high-net-worth individuals, and organization backers.
The latest fundraise is portion of the ₹10,000-crore superior expenditure program aimed astatine mounting up of a 20 GWh advanced, lithium-ion compartment and artillery battalion manufacturing plant, the institution said successful a statement.
The projected works volition absorption connected the accumulation of high-performance cells and artillery packs tailored for utility-scale retention systems, electrical mobility, and distributed vigor applications.
With this investment, the Waaree Group is rapidly evolving into a afloat integrated vigor modulation player, spanning star modules, inverters, batteries, vigor retention systems, and emerging cleanable vigor technologies.
The integration of retention manufacturing strengthens Waaree's quality to present end-to-end solutions captious for grid stability, renewable vigor penetration, and decarbonisation astatine scale.
Ankit Doshi, Director, Waaree Energy Storage Solutions, said, "This palmy fundraise underscores the assurance that our capitalist assemblage places successful our imaginativeness to physique world-class vigor retention manufacturing successful India. With these strategical resources, we volition fast-track the commissioning of our 20 GWh cells and artillery battalion facility, fortify home proviso chains, and lend to the maturation of India's vigor retention capacity."
