Author: PPD Team Date: 13/03/2025
AmpereHour Energy has raised USD 5 million (Rs 436 million) in a Series A funding round led by climate-focused fund Avaana Capital, with participation from UC Impower and existing angel investors. The company plans to use the capital to expand its manufacturing and software capabilities, strengthen research and development, and enhance product development.
Additionally, AmpereHour Energy is allocating funds for geographical expansion, with ongoing projects in Oman and Nigeria and commissioned projects in Belgium and the UAE.
Founded in 2017, AmpereHour Energy specialises in battery energy storage systems for businesses and power grids, with a focus on stationary energy storage for power infrastructure. It also provides turnkey engineering, procurement, and construction services for grid integration. The company has deployed projects across more than 50 locations and serves major clients such as Amazon, Siemens, Coca-Cola, and Indigrid. It is currently commissioning 50 MWh of power storage capacity and aims to scale up to 1 GWh in the next 18 months based on existing contracts.
In another development, Bhilwara Energy Limited (BEL) has approved a fundraise of up to Rs 5 billion, led by Yash Kela-led Singularity AMC. The investment firm, backed by investor Madhusudan Kela, has signed definitive agreements to invest in BEL.
The funding will support BEL in developing HEG Greentech1, an integrated energy transition platform focused on power assets, battery-grade anode materials, bottle-to-bottle recycling, graphene, and advanced battery systems for energy storage and electric vehicles. The capital will be used for organic growth, new greenfield projects, and strategic acquisitions and partnerships, strengthening BEL’s role in India’s energy transition.