Avaana Capital led a 5m USD series A funding round in Pune based AmpereHour Energy, a provider of full-stack energy storage solutions. UC Impower and some existing angel investors also participated in the round. The current investment will enable AmpereHour Energy to accelerate the deployment of its innovative solutions, expand its manufacturing capabilities, broaden its product offerings, and further enhance its R&D efforts.
AmpereHour Energy’s current customers include marquee names like Indigrid, Cummins, Siemens, Coca-Cola, Amazon, Yellow Door (UAE), BRPL among others.
AmpereHour Energy, founded in 2017 by IIT Bombay alumni and power sector experts - Ayush Misra, Rahul Shelke, Harshal Thakur and Neehar Jathar, - specializes in developing and deploying modular, scalable, and software-led battery energy storage systems (BESS), amassing over 1000 MWh of ESS project experience globally, across 50+ BESS sites. Its proprietary ELINA Energy Management Software optimizes battery performance and enables flexible utilization across various applications, from utility-scale projects to commercial and industrial installations. The company’s comprehensive approach includes turnkey EPC services, ensuring seamless integration and long-term reliability for its clients.
“It is a really exciting time to be a battery storage provider” said Ayush Misra, Co-Founder and CEO, AmpereHour Energy. “We are in the early stages of a fundamental change in energy infrastructure globally and battery energy storage is a key enabler to this transition. The global advanced energy storage systems market is growing exponentially and India is poised to become a major hub for this industry. We, at AmpereHour Energy are thrilled to be one of the pioneers of this technological innovation. The current investment round led by Avaana Capital, alongside UC Impower, is another vote of confidence in AmpereHour Energy’s expertise and ability to create technological innovation as well as deliver projects at scale., . Our investors’ experience will be invaluable to us in our next phase of growth, as we continue to innovate and lead in sustainable energy storage with the vision for the world to transition to 100% renewable energy one day.”
“As the world transitions to renewable energy, energy storage is becoming an increasingly critical part of the power value chain. The inherently intermittent nature of solar and wind energy, along with the mismatch in time of energy generation and consumption demands a buffer that can store and dispatch energy on demand,” Anjali Bansal, Avaana Capital commented. “AmpereHour Energy’s comprehensive, software-driven approach to energy storage is the type of innovation we need to drive the energy transition ahead. Their focus on economic flexibility, modularity, and long-term reliability aligns perfectly with our mission to invest in strong climate focused solutions. We are delighted to be investing in a company committed to the development and commercialization of technologies that push forward global efforts to achieve net zero by providing affordable and sustainable energy storage solutions through safe and efficient infrastructure,” adds Bansal
With over 40 MWh commissioned and about 1000 MWh currently under execution, AmpereHour Energy has a proven track record of deploying large-scale energy storage projects and has established itself as a leader in the energy storage sector.
“AmpereHour Energy is a market leader in the battery storage space, which has been clear to us from day one owing to the strong team and their differentiated business and technical capabilities,” said Richa Natarajan, Co-founder and Partner at UC Impower. “The space needs players like Ampere, and we are excited to partner and further support the company in its Journey.”
Key Highlights:
- Enhanced grid stability
- Improved renewable energy integration
- Reliable clean backup power for critical infrastructure
AmpereHour Energy’s AH-Stack platform, coupled with their proprietary ELINA energy management software, demonstrates their commitment to flexible and efficient energy solutions AHE's focus on delivering customized, turnkey EPC projects, combined with their significant operational data and expertise, positions them as a key player in driving the transition towards a greener future.
Source : Press Release
