Strategic Fund Raise of Rs1,003 Crores - Waaree Energies Ltd

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Waaree Energy Storage Solutions Pvt Ltd Announces Strategic Fund Raise of Rs 1,003 Crores for 20 GWh Advanced Lithium-ion Cells and Battery Pack Manufacturing Facility Waaree Energy Storage Solutions Pvt Ltd, a subsidiary of Waaree Energies Ltd and a key vertical in India’s energy storage landscape, today announced the successful completion of a major funding round totalling Rs 1,003 Crores from a cluster of strategic investors, including family oƯices, high-net-worth individuals (HNIs), and institutional backers. This fund raise is a part of the announced Capex of Rs 10,000 Crores for the establishment of a 20 GWh advanced lithium-ion cell and battery pack manufacturing plant, positioning WESSPL at the forefront of India’s energy storage ecosystem and directly supporting the nation’s clean energy transition and energy security objectives.