Pune-based energy storage solutions provider AmpereHour Energy has raised $5 million in a Series A funding round led by Avaana Capital, with participation from UC Impower and existing angel investors. The company plans to use the funds to accelerate the deployment of its battery energy storage solutions, enhance manufacturing capabilities, expand product offerings, strengthen research and development efforts, and scale its operations.

AmpereHour Energy specialises in modular, scalable, and software-driven battery energy storage systems (BESS). It has a commissioned capacity of over 40 MWh and has implemented more than 1,000 MWh of energy storage projects across 50 global sites. Its technology stack includes the AH-Stack module integrated with its proprietary ELINA Energy Management Software, which improves grid stability, enables efficient renewable energy integration, and ensures reliable backup power for critical infrastructure.

The company also offers turnkey engineering, procurement, and construction services to ensure seamless integration and long-term reliability for its clients. Its customer base includes leading domestic and international firms such as Indigrid, Cummins, Siemens, Coca-Cola, Amazon, Yellow Door (UAE), and BRPL.

AmpereHour’s growth aligns with India’s increasing focus on energy storage. The Ministry of Power recently mandated that all renewable energy agencies and state utilities incorporate a minimum two-hour co-located energy storage system equivalent to 10% of installed solar capacity in all solar tenders. This mandate could drive the installation of approximately 14 GW/28 GWh of storage by 2030.

The funding comes amid rising corporate investment in the energy storage sector. According to Mercom Capital Group’s Annual and Q4 2024 Funding and M&A Report, total funding — including venture capital, public market funding, and debt financing — rose 5% year-over-year. Avaana Capital itself received a $120 million investment in March 2024, including $24.5 million from the Green Climate Fund.

(mercom)