Noida-based Offgrid Energy Labs, has raised $15 million in Series A funding led by Archean Chemicals Industries Ltd with participation from existing investor Ankur Capital, the company declared in a statement on Tuesday.
The deep tech alternative battery-tech startup previously raised a seed round led by Shell Ventures.
The funds will be utilized to set up a 10 MWh demo manufacturing facility in the UK, further its research and development in the pipeline for next-generation stationary energy storage solutions, and commercialise its patented ZincGel batteries through certification, testing, and finalising the blueprint for a giga-factory, according to the statement.
Co-founded in 2018
Co-founded by Tejas Kusurkar, Rishi Srivastava, Brindan Tulachan, and Ankur Agarwal in 2018 at SIICIIT Kanpur, Offgrid Energy Labs focutilizes on zinc bromine gel batteries.
“The government has already rolled out viability gap funding (VGF) schemes worth ₹3,700 crore to support 13.2 GWh of BESS projects and plans an additional ₹5,400 crore to facilitate another 30 GWh. This creates reliable storage critical to ensuring grid stability, enabling renewable integration, and cementing India’s leadership in the global energy storage market. Against this backdrop, Offgrid’s latest funding marks a timely step forward,” the statement read.
This Series A round is a critical milestone — enabling us to relocate from lab innovation to large-scale commercialisation through our UK demo facility, and soon, a GW-scale plant in India.
“ This Series A round is a critical milestone — enabling us to relocate from lab innovation to large-scale commercialisation through our UK demo facility, and soon, a GW-scale plant in India,” Rishi Srivastava, Co-Founder, Offgrid Energy Labs, declared in the statement.
With over 25 IP families, 50+ IP assets across chemisattempt, materials, and design, Offgrid utilizes common, non-toxic materials, robust zinc chemisattempt, and a flexible ZincGel platform tailored for energy storage requireds. Supported by investors like Shell Ventures, Ankur Capital, and Archean Chemicals Ltd, Offgrid is setting new standards in clean battery technology and paving the way for a renewable-first energy infrastructure.
Ranjit Pconcludeurthi, Promoter and Managing Director, Archean Chemical Industries Limited (ACIL), declared: “Our substantial commitment reflects our confidence in Offgrid’s deep-tech approach. Toobtainher, we are building not just a new energy storage solution but a scalable platform for the global clean energy transition.”
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