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e-TRNL Energy - About the company

e-TRNL Energy is a seed company based in Bengaluru (India), founded in 2021 by Apoorv Anand Shaligram and Uttam Kumar Sen. It operates as a Manufacturer of battery cell technology designed to reduce thermal heating. e-TRNL Energy has raised $3.95M in funding from Speciale Invest and IAN Group, with a current valuation of ₹*****. The company has 33 active competitors, including 16 funded and 2 that have exited. Its top competitors include companies like Addionics, Anaphite and Pure Lithium.

Company Details

Manufacturer of battery cell technology designed to reduce thermal heating. This technology utilizes three-dimensional electrode architectures to facilitate faster charging cycles. The design approach focuses on mitigating cell degradation and improving safety during high-current operations. The hardware is compatible with various lithium-ion and sodium-ion chemistries to support energy storage applications.
Email ID
*****@etrnl.energy
Registered Address
401, LILOU Ville, West Avenue, Santacruz West, Mumbai City, Mumbai, Maharashtra, India, 400054
Key Metrics
Founded Year
2021
Location
Bengaluru, India
Stage
Seed
Total Funding
$3.95M in 2 rounds
Latest Funding Round
Post Money Valuation
₹***** as on Mar 20, 2026
Ranked
Annual Revenue
0 - ₹10 Cr as on Mar 31, 2025
Employee Count
36 as on May 31, 2026
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e-TRNL Energy's funding and investors

e-TRNL Energy has raised a total funding of $3.95M over 2 rounds. Its first funding round was on Dec 09, 2022. Its latest funding round was a Seed round on Dec 06, 2025 for $*****. 14 investors participated in its latest round. e-TRNL Energy has 10 institutional investors and 11 angel investors.

Here is the list of recent funding rounds of e-TRNL Energy:
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Dec 06, 2025
8435798
Seed
1217890
3037119
2951343
6970266
Dec 09, 2022
4639619
Seed
6168363
8691648
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e-TRNL Energy's founders and board of directors

Founder? Claim Profile
The founders of e-TRNL Energy are Apoorv Anand Shaligram and Uttam Kumar Sen. Apoorv Anand Shaligram is the CEO of e-TRNL Energy.
Here are the details of e-TRNL Energy's key team members:

e-TRNL Energy's Board of Directors

e-TRNL Energy's board has 2 active members. Apoorv Anand Shaligram and Uttam Kumar Sen are part of team.
Here is the list of e-TRNL Energy's board of directors:
Name
Type
Representing
Status
Duration
Team
-
Current
5y 4m
Team
-
Current
5y 4m

e-TRNL Energy's employee count trend

e-TRNL Energy has 36 employees as of May 26. The total employee count is 112.0% more than what it was in May 25. Here is e-TRNL Energy's employee count trend over the years:
Employee count trend for e-TRNL Energy
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e-TRNL Energy's Competitors and alternates

Top competitors of e-TRNL Energy include Addionics, Anaphite and Pure Lithium. Here is the list of Top 10 competitors of e-TRNL Energy, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Addionics
Addionics
2017, Tel Aviv (Israel), Series B
Manufacturer of three-dimensional current collectors designed for advanced battery performance
$69.5M
66/100
2nd
Logo for Anaphite
Anaphite
2016, Bristol (United Kingdom), Series A
Developer of dry coating precursor technology for battery electrode manufacturing
$22.6M
62/100
3rd
Logo for Pure Lithium
Pure Lithium
2021, Boston (United States), Series A
Developer of lithium metal battery technology using a vanadium cathode
$29.3M
61/100
4th
Logo for Nyobolt
Nyobolt
2019, Cambridge (United Kingdom), Series C
Developer of high power integrated energy systems for industrial applications
$161M
57/100
5th
Logo for e-TRNL Energy
e-TRNL Energy
2021, Bengaluru (India), Seed
Manufacturer of battery cell technology designed to reduce thermal heating
$3.95M
56/100
6th
Logo for Ateios
Ateios
2017, Indianapolis (United States), Series A
Manufacturer of high-energy, recyclable, PFA-free electrodes for battery makers
$9.5M
56/100
7th
Logo for 8inks
8inks
2022, Schlieren (Switzerland), Seed
Developer of electrode coating solution
$3.23M
45/100
8th
Logo for EAMPL
EAMPL
2016, Mumbai (India), Unfunded
Provider of graphite carbon products
-
-
45/100
9th
Logo for UniverCell
UniverCell
2019, Flintbek (Germany), Series B
Developer of custom electrodes
$34.9M
42/100
10th
Logo for Batene
Batene
2022, Wendlingen (Germany), Seed
Provider of lithium-ion electrode and battery technology solutions
$10M
37/100
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e-TRNL Energy's Latest cap tables and shareholding

Founders (largest shareholder) own 44.48%, Funds own 41.94%, Enterprises own 1.82% and Angels own 2.15%. The net worth of e-TRNL Energy's founders is INR 42.4Cr as of Mar 20, 2026. The cap table displayed below is for E-TRNL ENERGY PRIVATE LIMITED which is the legal entity associated with e-TRNL Energy.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
44.48%
42.4Cr
9123788
4621885
4725530
2627856
2547337
1799987
4935105
8239314
1193191
4437505
9356919
2246585
6697755
3651157
9936239
8214330
Fund
41.94%
39.9Cr
1339130
7501943
5017609
3980129
1248418
2666036
7926263
1159148
5267845
1613808
3974540
6894882
6661627
5219667
3820461
3290878
4617120
5987394
2016977
8529234
1282987
5370936
244580
184414
106750
263285
128590
901194
Enterprise
1.82%
1.73Cr
2
3
4
7
Angel
2.15%
2.05Cr
83
11
44
94
Other People
0.71%
67.8L
0
0
0
0
ESOP Pool
8.90%
8.47Cr
5102060
8457927
2178701
3809476
Total
100.00%
95.2Cr
7033274
6539937
6381948
3399721
Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
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shareholding pattern of this entity
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  • Latest Shareholding Summary - Ownership breakdown across founders, investors, and other stakeholders
  • Round-by-Round Cap Tables - Evolution of shareholding across funding rounds
  • Year-on-Year Cap Tables - Dilution trends over time

e-TRNL Energy's Investments and acquisitions

e-TRNL Energy has made no investments or acquisitions yet.

Reports related to e-TRNL Energy

Here is the latest report on e-TRNL Energy's sector:

News related to e-TRNL Energy

Media has covered e-TRNL Energy for 1 event in last 1 year.
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