Offgrid Energy Labs Raises USD 15 Mn for Zinc Battery Scale-Up

05 Sep 2025 CW Team

Offgrid Energy Labs has secured USD 15 million (approx. Rs 1.25 billion) in funding to scale up its proprietary ZincGel battery technology, expand operations, and drive wider market adoption, according to media reports.

The investment will enable the company to commercialise its zinc-based energy storage systems, enhance manufacturing capabilities, and strengthen its presence in both domestic and international markets. The firm is positioning ZincGel as a safer, more sustainable alternative to lithium-ion batteries for large-scale energy storage applications.

Founded in 2018, Offgrid Energy Labs develops high-performance, recyclable energy storage solutions, with a focus on safety and environmental impact. Its zinc-based batteries are targeted for use in renewable energy integration, grid stability, and mobility sectors.

The company has been collaborating with partners and pilot customers to test ZincGel’s feasibility across various use cases. The fresh capital will help accelerate strategic partnerships, scale production, and broaden deployment in India and overseas.

This funding round also reflects a rising global interest in lithium-ion alternatives, as the need for decarbonised, efficient energy storage solutions continues to grow in tandem with the transition to renewables and electrification.

Real Estate

05 Aug 2026

CREDAI-MCHI to Host 10th Design & Construction Conference

CREDAI-MCHI will host the 10th anniversary edition of its Design & Construction Conference on August 19, 2026, at the Jio World Convention Centre in Mumbai.The event is expected to bring together more than 500 procurement leaders, construction heads, architects, consultants and senior real estate decision-makers, alongside over 50 construction and ancillary brands.The conference will feature product launches, technology showcases, knowledge sessions, strategic business-to-business networking and recognition of procurement professionals contributing to the transformation of the construction..

BorgWarner Wins Extension for High-Voltage Inverter Programmes

BorgWarner has secured a major extension of several high-volume high-voltage inverter programmes from a leading European automotive manufacturer.The contracts cover updated inverter designs for plug-in hybrid and 800V battery-electric vehicle applications. Production is scheduled to begin in 2029.Isabelle McKenzie, President and General Manager, BorgWarner PowerDrive Systems, said the programme extensions demonstrate the company’s position in power electronics and reflect the strength of its technology, in-house expertise and customer relationships.For plug-in hybrid vehicles, BorgWarner wil..

Castrol India Q2 Profit Rises 43% to Rs 3.48 bn

Castrol India reported a 43 per cent year-on-year increase in profit after tax to Rs 3.48 billion for the quarter ended June 30, 2026, supported by growth across its consumer, industrial and institutional businesses.Revenue from operations increased 25 per cent to Rs 18.71 billion during the second quarter of 2026, compared with Rs 14.97 billion in the corresponding period of 2025. EBITDA rose 41 per cent to Rs 4.94 billion from Rs 3.50 billion.Sequentially, revenue increased from Rs 15.45 billion in the first quarter of 2026, while EBITDA rose from Rs 3.29 billion. Profit after tax increased ..