Waaree Energy Storage Solutions (WESSPL), a subsidiary of Waaree Energies, has successfully raised approx. Rs 1,003 crore in a funding round from strategic investors, including family offices, high-net-worth individuals (HNIs), and institutional backers.

This funding supports the company’s plan to establish a 20 GWh advanced lithium-ion cell and battery pack manufacturing plant, a significant step in India’s clean energy transition. The facility will produce high-performance cells and battery packs for utility-scale storage, electric mobility, and distributed energy applications. This expansion is aligned with Waaree Group’s broader renewable energy strategy, which already includes solar modules and inverters. The project strengthens the company’s position as an integrated energy transition player, contributing to grid stability, renewable energy adoption, and decarbonization efforts.

Ankit Doshi, Director of WESSPL, commented, "This successful fund raise underscores the confidence in our vision to build world-class energy storage manufacturing in India, contributing to national sustainable energy goals."