Archive · 12 Nov 2025
Niveshaay Leads ₹325 Crore Investment in Waaree's Battery Arm
A company called Niveshaay, which manages investment funds, is giving ₹325 crore to a part of Waaree Group that makes batteries.
Niveshaay is giving ₹128 crore of this amount from its special funds.
Other people are also investing money.
Waaree will use this money to build more battery parts and systems.
They want to make more batteries for things like storing energy and make them available in India and other countries.
Niveshaay has led a funding round of ₹325 crore in Waaree Energy Storage Systems Pvt Ltd (WESSPL).
Niveshaay invested ₹128 crore through its various investment funds.
Other co-investors include Vivek Jain and Saket Agarwal.
The funds will be used to expand manufacturing of battery cells and packs.
The investment aims to scale containerised Battery Energy Storage Systems (BESS) in India and globally.
- Who
- Niveshaay, Waaree Energy Storage Systems Pvt Ltd (WESSPL), Vivek Jain, and Saket Agarwal
- What
- Niveshaay led a ₹325-crore investment round in Waaree's battery arm, WESSPL, with Niveshaay contributing ₹128 crore.
- When
- Wednesday, November 12, 2025
- Where
- India and select global markets
- Why
- To expand cell and pack manufacturing, strengthen engineering and validation, and scale containerised Battery Energy Storage Systems (BESS).
- Investment Amount
- ₹325 crore
- Lead Investor
- Niveshaay
- Recipient Company
- Waaree Energy Storage Systems Pvt Ltd (WESSPL)
- Niveshaay's Contribution
- ₹128 crore
- Co-Investors
- Vivek Jain, Saket Agarwal
- Fund Usage
- Expand cell and pack manufacturing, strengthen engineering and validation, scale containerised BESS