AmpereHour Energy, a Mumbai-based energy storage startup, has raised $5 million in funding led by Avaana Capital, with participation from UC Impower and angel investors. Founded in 2017 by Ayush Misra, Rahul Shelke, Harshal Thakur, and Neehar Jathar, the company develops battery energy storage systems (BESS) that help businesses and power grids store and manage electricity efficiently.
It’s ELINA Energy Management Software optimises battery performance for renewable energy, backup power, and grid stability. With major clients like Amazon and Siemens, the startup plans to expand manufacturing, enhance R&D, and scale operations globally with this fresh investment.
What is AmpereHour Energy?
AmpereHour Energy is a Mumbai-based energy storage startup that develops Battery Energy Storage Systems (BESS) to help businesses and power grids efficiently store and manage electricity. Founded in 2017 by IIT Bombay alumni Ayush Misra, Rahul Shelke, Harshal Thakur, and Neehar Jathar, the company specialises in modular and scalable energy storage solutions.
Its proprietary ELINA Energy Management Software optimises battery performance, making energy storage more efficient and adaptable for various applications, including renewable energy integration, backup power, and grid stability. AmpereHour Energy also provides turnkey engineering, procurement, and construction (EPC) services to ensure seamless project execution.
The company has built a strong client base, serving major organizations like Amazon, Siemens, Coca-Cola, and Indigrid, and has deployed projects across more than 50 locations. With recent funding of $5 million, the startup aims to expand its manufacturing capabilities, enhance research and development, and scale operations globally, with ongoing projects in India, Oman, Nigeria, Belgium, and the UAE.
Why is This Funding Significant?
This funding is significant because it will help AmpereHour Energy scale its operations, enhance its technology, and expand globally in the fast-growing energy storage industry. With $5 million raised from Avaana Capital, UC Impower, and angel investors, the company can increase its manufacturing capacity, improve its proprietary ELINA Energy Management Software, and boost research and development efforts.
Energy storage is crucial for integrating renewable energy sources like solar and wind into the power grid, ensuring stability and efficiency. The funding also validates investor confidence in AmpereHour Energy’s expertise and market potential. With projects in India, Oman, Nigeria, Belgium, and the UAE, this investment will accelerate its global expansion, helping it meet the rising demand for battery energy storage solutions.
How Will the Funds Be Used?
The $5 million funding will help AmpereHour Energy expand its manufacturing capabilities, improve its proprietary ELINA Energy Management Software, and strengthen research and development (R&D) efforts. With the growing demand for Battery Energy Storage Systems (BESS), the company plans to scale up production to meet industry needs.
A significant portion of the funds will be allocated to enhancing its software, ensuring better battery optimization for applications like renewable energy integration, backup power, and grid stability. Additionally, the investment will support the company’s geographical expansion, with ongoing projects in India, Oman, Nigeria, Belgium, and the UAE, and plans for further global growth.
AmpereHour Energy also aims to diversify its product offerings, creating new storage solutions for commercial, industrial, and utility-scale applications. By utilizing these funds strategically, the company seeks to strengthen its position in the global energy storage market, drive technological innovation, and contribute to the transition toward sustainable energy solutions.
Founders’ Perspective
The founders of AmpereHour Energy—Ayush Misra, Rahul Shelke, Harshal Thakur, and Neehar Jathar—see this funding as a significant step toward accelerating the adoption of battery energy storage solutions in India and beyond.
With this funding, the founders are committed to scaling operations, enhancing technology, and expanding globally, reinforcing their mission to revolutionize the energy storage sector.
Key Takeaways
- Significant Growth Opportunity – The funding will help AmpereHour Energy scale its Battery Energy Storage Systems (BESS), catering to the growing global demand for energy storage solutions.
- Expansion of Manufacturing & R&D – The company will use the funds to increase production capacity, improve its ELINA Energy Management Software, and drive technological innovation.
- Strong Investor Confidence – The investment, led by Avaana Capital with participation from UC Impower and angel investors, highlights confidence in the company’s vision, expertise, and market potential.
- Global Expansion Plans – AmpereHour Energy is actively working on projects in India, Oman, Nigeria, Belgium, and the UAE, with plans to scale further internationally.
- Founder’s Vision for Energy Transition – CEO Ayush Misra believes that battery storage is a key enabler of the global energy shift, making India a major hub for the industry.
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Conclusion
With this $5 million funding, AmpereHour Energy is set to accelerate its growth, innovation, and global expansion in the energy storage sector. By enhancing its manufacturing capabilities, advancing its ELINA Energy Management Software, and strengthening R&D, the company aims to meet the rising demand for Battery Energy Storage Systems (BESS).
Its ongoing projects in India, Oman, Nigeria, Belgium, and the UAE highlight its commitment to international expansion. With a strong client base and investor backing, AmpereHour Energy is well-positioned to drive the energy transition, making battery storage solutions more accessible, efficient, and scalable for a sustainable future.
Powering the Future! AmpereHour Energy’s battery solutions are driving global energy transformation.
