LivGuard manufactures automotive batteries, inverter batteries and solar batteries as part of its integrated energy storage offerings. Started in 2014 and operating under the SAR Group, the company has built a strong pan-India distribution network and manufacturing footprint. It reported revenues of Rs 1,400 crore and serves India and global markets. The company plans to expand capacity, move into the electric vehicle lithium-battery space, develop new products, and invest in brand and distribution. The recently announced Rs 220 crore investment will be used to accelerate growth across these segments. The SAR Group has a legacy of 30 years, and Grant Thornton advised on the transaction.

Total raised

$64M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2019