Mumbai-based energy storage startup AmpereHour Energy has raised $5 million (₹43.6 crore) in a funding round led by climate-focused fund Avaana Capital, with participation from UC Impower and existing angel investors.
This latest infusion of capital follows its previous $2.45 million raise from AngelList and others.
The company plans to utilize the funds to scale its manufacturing and software capabilities, accelerate research and development, and enhance its product portfolio, aiming to strengthen its position in the growing energy storage sector.
Founded in 2017 by Ayush Misra, Rahul Shelke, Harshal Thakur, and Neehar Jathar, AmpereHour Energy specializes in stationary battery energy storage solutions, helping businesses and power grids efficiently store and manage electricity.
Its proprietary Elina energy management software plays a critical role in optimizing battery performance for renewable energy integration, backup power, and grid stability.
The startup has already made significant strides in the industry, securing major clients like Amazon, Siemens, Coca-Cola, and Indigrid.
With deployments across more than 50 locations, AmpereHour is currently commissioning 50 megawatt-hours (MWh) of power storage capacity and has ambitious plans to scale up to 1 gigawatt-hour (GWh) within the next 18 months, backed by existing contracted capacity.
Beyond India, AmpereHour Energy is actively expanding its global footprint.
The company has ongoing projects in Oman and Nigeria, while ventures in Belgium and the UAE are currently in the commissioning phase, reflecting its growing international presence in the clean energy sector.
With rising demand for sustainable and efficient power storage solutions, AmpereHour Energy is poised to play a crucial role in shaping the future of energy infrastructure and grid resilience.
