+
Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant
POWER & RENEWABLE ENERGY

Waaree Energy Storage Raises Rs 10.03 Billio for 20 GWh Plant

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.
The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performance cells and battery packs for utility-scale energy storage systems, electric mobility and distributed energy applications, supporting India’s clean energy transition and energy security goals.
The capacity addition marks a key milestone in the Waaree Group’s integrated renewable manufacturing roadmap and complements its existing solar manufacturing capabilities. With the expansion into storage manufacturing, the group aims to deliver end-to-end energy solutions spanning solar modules, inverters, batteries and energy storage systems.
The company stated that the new facility will play a critical role in strengthening domestic supply chains, improving grid stability and enabling higher renewable energy penetration, while also contributing to local manufacturing, employment generation and technological advancement in India’s energy storage sector.    

Waaree Energy Storage Solutions Private, a subsidiary of Waaree Energies, has recently completed a strategic fund raise of around Rs 10.03 billion from a group of strategic investors, including family offices, high-net-worth individuals and institutional backers. The funding strengthens the company’s position in India’s rapidly expanding energy storage ecosystem.The capital raise forms part of an announced capital expenditure programme of nearly Rs 100 billion for setting up a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. The plant will manufacture high-performance cells and battery packs for utility-scale energy storage systems, electric mobility and distributed energy applications, supporting India’s clean energy transition and energy security goals.The capacity addition marks a key milestone in the Waaree Group’s integrated renewable manufacturing roadmap and complements its existing solar manufacturing capabilities. With the expansion into storage manufacturing, the group aims to deliver end-to-end energy solutions spanning solar modules, inverters, batteries and energy storage systems.The company stated that the new facility will play a critical role in strengthening domestic supply chains, improving grid stability and enabling higher renewable energy penetration, while also contributing to local manufacturing, employment generation and technological advancement in India’s energy storage sector.    

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code