Waaree Energy Storage Solutions Pvt Ltd is a subsidiary of Waaree Energies Ltd that focuses on producing high-performance lithium-ion cells and battery packs. The company is building a 20 GWh manufacturing plant in India as part of a broader ₹10,000 crore capital-expenditure program. Its products are intended for grid-scale energy storage, renewable energy integration, and transport electrification, thereby reducing the country’s dependence on imported battery technology. The new facility will complement the Waaree Group’s existing solar module and inverter manufacturing lines, positioning the group as an integrated renewable-energy solutions provider. Management highlights the plant’s role in strengthening domestic supply chains, enhancing grid reliability, and supporting India’s clean-energy ambitions. The project is also expected to generate employment and foster technological innovation within the Indian energy-storage sector.

Total raised

$111M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2026