Archive · 5 Jan 2026
Waaree Energies Secures ₹1,003 Crore for Battery Plant
Waaree Energies, a company that makes solar panels and other energy products, just got ₹1,003 crore from investors.
This money will help them build a big factory to make batteries for things like electric cars and storing energy from the sun.
The factory will be part of a larger plan to spend ₹10,000 crore on making more energy products.
The company's director said this investment shows that people believe in their plan to make India a leader in making batteries for clean energy.
The factory will help India use more clean energy and make fewer imports.
The company's stock went down a little after the announcement.
Waaree Energies raised ₹1,003 crore from strategic investors for a 20 GWh lithium-ion cell and battery pack manufacturing plant.
The funding is part of a ₹10,000 crore capital expenditure plan to strengthen India's domestic energy storage ecosystem.
The plant will focus on utility-scale storage, electric mobility, and distributed energy applications.
Ankit Doshi, Director of WESSPL, expressed confidence in the vision to build world-class energy storage manufacturing in India.
The investment will fast-track the commissioning of the facility and strengthen domestic supply chains for energy storage.
- Who
- Waaree Energies Ltd and its subsidiary Waaree Energy Storage Solutions Pvt Ltd (WESSPL)
- What
- Raised ₹1,003 crore for a 20 GWh lithium-ion cell and battery pack manufacturing plant
- When
- January 5, 2026
- Where
- India
- Why
- To strengthen India's domestic energy storage ecosystem and support clean energy transition and energy security objectives
- Company
- Waaree Energies Ltd
- Funding Amount
- ₹1,003 crore
- Investors
- Family offices, high-net-worth individuals, institutional backers
- Project
- 20 GWh lithium-ion cell and battery pack manufacturing plant
- Capital Expenditure Plan
- ₹10,000 crore
- Applications
- Utility-scale storage, electric mobility, distributed energy
- Director
- Ankit Doshi
- Date
- January 5, 2026
- Stock Performance
- Declined 5.31% to close at ₹2,714.40 on BSE
- India's Energy Storage Demand
- Expected to rise to 3,000GWh by 2047 from current 490MWh
Sources
Waaree Energies raises ₹1,003 crore in funding
Waaree Energy Storage raises ₹1,003 crore to set up 20 GWh lithium-ion battery manufacturing plant
Waaree Energies' arm raises Rs 1,003 crore for lithium ion cell, battery manufacturing; stock slips over 5%
