Waaree Energy Storage Solutions Raises INR 1,003 Crores for 20 GWh Advanced Lithium-ion Cells and Battery Pack Manufacturing Facility

Waaree Energy Storage Solutions Pvt Ltd (WESSPL), a subsidiary of Waaree Energies Ltd, has successfully completed a major funding round of approximately INR 1,003 Crores from strategic investors. This fund raise is part of the announced Capex of INR 10,000 Crores for the establishment of a 20 GWh advanced lithium-ion cell and battery pack manufacturing plant. The plant will focus on the production of high-performance cells and battery packs tailored for utility-scale storage systems, electric mobility, and distributed energy applications. This capacity expansion is a key milestone in Waaree Group’s integrated renewable manufacturing roadmap and a strategic complement to existing solar manufacturing capabilities. The integration of storage manufacturing strengthens Waaree’s ability to deliver end-to-end solutions critical for grid stability, renewable energy penetration, and decarbonisation at scale.