Waaree Energy raises Rs 1,003 crore for 20 GWh battery manufacturing plan
Author: PPD Team Date: January 6, 2026
Waaree Energy Storage Solutions Private Limited (WESSPL), a subsidiary of the publicly listed Waaree Energies Ltd., has announced the completion of a strategic funding round totalling approximately Rs 1,003 Crores. The investment was received from a consortium of strategic investors, including family offices, high-net-worth individuals (HNIs), and institutional backers.
The capital infusion is part of a previously announced capital expenditure plan of roughly Rs 10,000 Crores. This funding is allocated for establishing a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility. According to the company’s disclosure, the plant is intended to produce cells and battery packs for utility-scale energy storage systems, electric mobility, and distributed energy applications.
Ankit Doshi, Director of WESSPL, stated, “This successful fund raise underscores the confidence that our investor community places in our vision to build world-class energy storage manufacturing in India. With these strategic resources, we will fast-track the commissioning of our 20 GWh cells and battery pack facility.”
The announcement positions this manufacturing capacity as a strategic component of the Waaree Group’s integrated renewable energy portfolio, which includes solar modules and inverters. The company states the new facility aims to support India’s clean energy transition, enhance energy security, and reduce reliance on imports for energy storage technologies.
The press release was formally submitted to the BSE Limited and the National Stock Exchange of India Limited by Waaree Energies Ltd. in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
