About Energy Storage Tech sector in India
The Energy Storage Tech sector in India comprises 1.4K companies, including 234 funded companies having collectively raised $11.7B in venture capital money and private equity. Out of these, 62 are Series A+ funded.
Energy Storage Tech sector in India has seen 11 acquisitions and 12 IPOs.
This sector includes companies which are manufacture and develop various forms of cells and batteries in different chemical forms of terrestrial forms, for multiple purposes in Homes, Industries, Marine, Military, Aerospace, Renewable Energy, and other C&I purposes.
Energy Storage Tech sector is also known as Energy Store Tech or Energy Storage Products.
Manufacturers and Developers of primary and secondary (rechargeable) batteries. Companies that utilize these batteries to create large energy storage systems for use in either grid-connected operations or behind-the-meter (domestic/industrial) use. We also cover companies that enable access to the charging infrastructure such as manufacturers of power banks, wireless charging solutions, battery swapping services. Applications enabling these are a part of the feed are included in this sector. Any online multi-brand reseller of the aforementioned products and services have been excluded. Apart from NGOs and Not for Profit entities.
Top Energy Storage Tech Companies in India
There are 1,397 Energy Storage Tech startups in India which include Lohum, Log9, Statiq, Battery Smart, Bolt.Earth. Out of these, 234 startups are funded, with 62 having secured Series A+ funding.
2026 has seen the creation of 28 Energy Storage Tech startups in India. Over the past 10 years, an average of 95 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Bombay, BITS Pilani and IIT Kharagpur.
Here is the list of top Energy Storage Tech startups in India
1. Lohum
Sustainable critical minerals and advanced materials producer. It is focused on strengthening global supply chains through innovative recycling, refining, and resource recovery technologies. Supporting the energy transition, advanced electronics, healthcare, aerospace, and industrial sectors, the organization delivers high-purity materials including lithium, nickel, cobalt, copper, zinc, silicon, rare earth elements, and platinum group metals. It helps businesses achieve regulatory compliance, material traceability, and circular economy goals. Through advanced recovery processes, digital transparency systems, and a commitment to sustainability, the organization is driving resource independence, reducing waste, and creating a reliable supply of critical materials for a net-zero future.
Key facts about Lohum
- Founded Year: 2018
- Location: Noida (India)
- Stage: Series C
- Total Funding till date: $135M
- Investors: Baring Private Equity Partners, Cactus Partners and 132 Others
- Latest Funding Round: Series C, Jul 28, 2026, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 1 of 89 Competitors
2. Log9
Online platform offering advanced battery technology solutions for electric vehicles. It is an innovative nanotechnology company specializing in the production of graphene based materials and the development of advanced battery solutions.
Key facts about Log9
- Founded Year: 2015
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $90.3M
- Investors: Amara Raja Group, Exfinity Venture Partners and 79 Others
- Latest Funding Round: Angel, May 10, 2024, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 1 of 26 Competitors
3. Statiq
Manufacturer of electric vehicle charging hardware and operator of networks. This business produces alternating current and direct current charging equipment for residential and commercial use. It provides software systems to manage, monitor, and optimize charging infrastructure performance. The hardware supports various power capacities to accommodate different vehicle battery requirements. Users access the charging infrastructure through a mobile application to locate stations, initiate sessions, and process payments.
Key facts about Statiq
- Founded Year: 2020
- Location: Gurugram (India)
- Stage: Series A
- Total Funding till date: $45.5M
- Investors: Shell, Y Combinator and 9 Others
- Latest Funding Round: Conventional Debt, Feb 18, 2026, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 1 of 275 Competitors
Chains providing battery-swapping services for electric vehicles. The company operates a network that enables electric two- and three-wheeler users to exchange depleted batteries for fully charged ones. This service facilitates the adoption of electric mobility by providing a reliable and accessible energy solution for riders.
Key facts about Battery Smart
- Founded Year: 2019
- Location: Delhi (India)
- Stage: Series C
- Total Funding till date: $176M
- Investors: Orios Venture Partners, Tiger Global Management and 50 Others
- Latest Funding Round: Series C, Aug 21, 2026, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 1 of 51 Competitors
5. Bolt.Earth
Provider of electric vehicle charging hardware, software, and support services. The company offers a range of chargers suitable for various electric vehicles and locations. It provides software for managing charging infrastructure, including access control, performance monitoring, and reporting. End-to-end support and maintenance services are available, including site assessment, installation, and customer support.
Key facts about Bolt.Earth
- Founded Year: 2017
- Location: Bengaluru (India)
- Stage: Series A
- Total Funding till date: $29.6M
- Investors: ITI Growth Opportunities, Union Square Ventures and 37 Others
- Latest Funding Round: Series A, Jan 16, 2025, $*****
- Tracxn Score: 71/100 What is this?
- Competitors Rank: 4 of 323 Competitors
Companies founded year-on-year in the Energy Storage Tech sector in India
28 new startups have been founded so far in 2026 in the Energy Storage Tech sector in India. 156 Energy Storage Tech startups in India were founded in 2022 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 28 |
2025 | 33 |
2024 | 67 |
2023 | 140 |
2022 | 156 |
2021 | 147 |
2020 | 108 |
2019 | 123 |
2018 | 89 |
2017 | 64 |
Stage-wise distribution of Energy Storage Tech sector companies in India
Out of the total 1,397 Energy Storage Tech companies in India, 234 have secured funding. Among them, 62 have reached Series A or higher, and 34 to Series B or beyond.
Founded - 1,397
Funded - 234
Series A+ - 62
Series B+ - 34
Series C+ - 28
Company Stage | No. of companies |
|---|---|
Founded | 1,397 |
Funded | 234 |
Series A+ | 62 |
Series B+ | 34 |
Series C+ | 28 |
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Funding Trends in the Energy Storage Tech sector in India
Total funding year-on-year in the Energy Storage Tech sector in India
The Energy Storage Tech sector in India saw a total funding of more than $11.7B in the last 10 years. The most amount of funding was in 2024 at more than $10.3B. There has been a total funding of $343M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $343M |
2025 | $265M |
2024 | $10.3B |
2023 | $335M |
2022 | $203M |
2021 | $159M |
2020 | $17.9M |
2019 | $67.9M |
2018 | $16.7M |
2017 | $7.57M |
Recent Funding Rounds in Energy Storage Tech in India
In the year 2026, till September 2026, Energy Storage Tech companies in India have raised $309M in equity funding across 33 rounds.
In the same period last year (i.e. till September 2025), Energy Storage Tech companies in India had raised $163M across 53 rounds.
So, 2026 has seen a 89.83% rise in funding in Energy Storage Tech companies in India as compared to 2025.
Here are some recent, important funding rounds in Energy Storage Tech companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 4850 | Sep 01, 2026 | ||
Seed | 3677 | Aug 31, 2026 | ||
Series C | 9085 | Aug 21, 2026 | and 2 more | |
Seed | 5744 | Aug 2026 | - | |
Seed | 6986 | Jul 28, 2026 |
Top Investors in Energy Storage Tech in India
SOSV is the top investor in Energy Storage Tech companies in India based on number of companies invested.
Here are some top investors in Energy Storage Tech companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
New York City (United States) | - | |
Menlo Park (United States) | ||
Delhi (India) | ||
Bengaluru (India) | ||
Bengaluru (India) |
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M&A activity in Energy Storage Tech sector in India
In the year 2025, till August 2025, 3 acquisitions happened in Energy Storage Tech sector in India. Last year, in 2024, a total of 1 acquisition happened in Energy Storage Tech sector in India.
Here are some recent, important acquisitions in Energy Storage Tech sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Aug 12, 2025 | ||
Business Acquisition | Feb 20, 2025 | ||
Business Acquisition | Jan 06, 2025 | ||
Business Acquisition | Sep 16, 2024 | ||
Business Acquisition | Dec 21, 2023 |
Acquisition trends in Energy Storage Tech sector in India
Here are the acquisition trends in Energy Storage Tech sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 3 |
2024 | 1 |
2023 | 3 |
2022 | 2 |
2021 | 2 |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
IPOs in Energy Storage Tech in India
In the year 2025, till October 2025, 4 IPOs happened in Energy Storage Tech sector in India.
Here are some recent, important IPOs in Energy Storage Tech sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 06, 2025 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Apr 02, 2025 | National Stock Exchange (NSE) | |
Feb 19, 2025 | National Stock Exchange (NSE) | |
Jan 30, 2025 | Bombay Stock Exchange (BSE) | |
Jun 24, 2024 | National Stock Exchange (NSE) |
Colleges which produce the most Energy Storage Tech companies in India
Companies founded by alumni from top colleges in the Energy Storage Tech in India
Most number of Energy Storage Tech startups in India have been founded by alumni from IIT Bombay, BITS Pilani and IIT Kharagpur.
College | No. of companies |
|---|---|
IIT Bombay | 23 |
BITS Pilani | 19 |
IIT Kharagpur | 18 |
IIT Roorkee | 13 |
IIT Kanpur | 12 |
IIT Delhi | 11 |
IIT Madras | 10 |
Indian School of Business | 9 |
Stanford University | 7 |
IIM Ahmedabad | 6 |
Total funding in Energy Storage Tech companies founded by alumni from top colleges in India
In the last 10 years, IIT Kanpur graduates' Energy Storage Tech companies in India have raised the most funding among top colleges. Stanford University alumni are second, and IIT Bombay alumni are third.
College | Total Funding |
|---|---|
IIT Kanpur | $399M |
Stanford University | $220M |
IIT Bombay | $199M |
Harvard Business School | $188M |
University of Edinburgh | $171M |
Harvard University | $138M |
Stanford Business School | $138M |
London Business School (LBS) | $136M |
IIT Roorkee | $131M |
University of Chicago | $119M |
Top News in Energy Storage Tech in India
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Statcon Energiaa and Ram Raja Solar Power Green Energy Form PartnershipElectronicsforyou•Jun 15, 2026•Statcon Energiaa
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Magenta Mobility plans $50M fundraise for EV fleet expansionhtsyndication.com•Nov 25, 2025•Magenta, Neocities, FarmArt Produce
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Grinn Partners with MediaTek for High-Performance SOMsPR Newswire•Sep 17, 2025•Grinntech, MediaTek, Grinn Global
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Bigbasket expands its EV-first delivery network across 50 citiesStoryboard18•Aug 06, 2025•Bigbasket, Kazam
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Singularity AMC sees $100B m-cap potential in key sectors showing promiseMoneycontrol•Jun 11, 2025•Sterling And Wilson, Singularity Capital, Lohum
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VECV partners with Statiq to boost EV adoption in IndiaEvertiq•May 29, 2025•VE COMMERCIAL VEHICLES, Statiq
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TATA.ev Boosts India’s EV Push with MegaChargersMobility India•May 25, 2025•Tata Motors, Charge Zone, Statiq
