Waaree Energies operates across the renewable energy value chain, producing solar modules, inverters, batteries, and full energy-storage systems. The company is now expanding into advanced lithium-ion cell and battery pack manufacturing through its subsidiary, Waaree Energy Storage Solutions. As part of a ₹10,000-crore capital-expenditure plan, the group is commissioning a 20 GWh plant aimed at utility-scale storage, electric mobility, and distributed energy applications. This vertically integrated strategy positions Waaree to supply end-to-end solutions that enhance grid stability, accelerate renewable penetration, and support large-scale decarbonisation. The new plant will reinforce domestic supply chains and boost India’s energy-storage capacity. Investors have signalled confidence in the firm’s roadmap by backing the latest funding round. No revenue or user metrics were disclosed in the article.

Total raised

$111M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2026