Best Energy Storage Tech Companies in Chennai, India
The 45 best Energy Storage Tech companies in Chennai, India in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Relux Electric.
Our analysis of 50 Energy Storage Tech companies
$13.7b in tracked funding; 88% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best Energy Storage Tech companies in Chennai
| # | Company | Revenue | Revenue YoY | Disclosed funding | Last round | Founder | Tech stack | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Watercar Provider of solutions for hydrogen generation | $7M FY2025 | +32% | — | — | — | — | — |
| 2 | Munoth Industries Manufacturer of lithium cells for digital products and power banks | $5M FY2025 | +1016% | — | — | Ranjani Padmanabhan CEO | WixSentryBootstrap+11 | — |
| 3 | Magnipower Technology Online platform offering energy storage solutions | $4M FY2024 | +591% | — | — | Sri Ganesh Co-Founder & CEO | Cart FunctionalityShopifyAnimate.css+28 | — |
| 4 | Grinntech Manufacturer of lithium-ion battery packs, off-the-shelf products, and custom solutions 53Growth top 37%Fin. health top 37%Moat top 40%News top 43% All 11 signals ▾Growthtop 37% Fin. healthtop 37% Moattop 40% Newstop 43% Partnerstop 45% Markettop 46% Producttop 46% Talentbottom 49% Fundingbottom 48% Techbottom 48% Globalbottom 32% Growth: Headcount 42 → 43 (+2%) across vintages · Revenue +275% YoY Fin. health: Revenue ~$1.8M (FY2022) · Net margin -118.1% rank vs industry peers · Fliar Intelligence Index 53/100 | $2M FY2025 | +275% | $2M | 62 mo ago | Puneet Jain Co-Founder & COO & Director | Node.jsGoogle MapsTailwind CSS+8 | — |
| 5 | Relux Electric Provider of electric vehicle charging station 82Growth top 14%Tech top 30%Fin. health top 31%Funding top 39% All 10 signals ▾Growthtop 14% Techtop 30% Fin. healthtop 31% Fundingtop 39% Markettop 44% Moattop 45% Talenttop 45% Producttop 47% Newstop 49% Globalbottom 25% Growth: Revenue +391% YoY · Web rank 10,000,000 → 5,000,000 YoY Tech: 39 technologies across 6/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 82/100 | $1M FY2025 | +391% | $30M | 27 mo ago | Nandhini Co-Founder | WordPressMySQLPHP+29 | 1 partnership · 1 expansion |
| 6 | Labkarts Provider of battery fabrication equipment, electrochemical instruments, and material science solutions | $874K FY2025 | -19% | — | — | — | PHPparticles.jsBootstrap+17 | — |
| 7 | PLUGZmart Online platform offering EV charging stations and infrastructure solutions 60Growth top 12%Fin. health top 27%Talent top 38%Moat top 47% All 9 signals ▾Growthtop 12% Fin. healthtop 27% Talenttop 38% Moattop 47% Techbottom 44% Fundingbottom 41% Productbottom 40% Marketbottom 37% Globalbottom 37% Growth: Revenue +117% YoY · Web rank 50,000,000 → 10,000,000 YoY Fin. health: Revenue ~$315k (FY2023) · Net margin 5.0% rank vs industry peers · Fliar Intelligence Index 60/100 | $315K FY2025 | +117% | $440K | 44 mo ago | Vivek Rajamanickam Co-Founder & CEO | VuetifyBootstrapVue.js+10 | 3 launchs |
| 8 | Semyungindia Provider of lithium-ion battery manufacturing solutions and industrial automation equipment | $290K FY2024 | -25% | — | — | — | BootstrapApache HTTP ServerGoogle Font API+4 | 4 launchs |
| 9 | Amco Batteries Manufacturer and supplier of batteries to OEMs 6Fin. health top 50%Moat bottom 42%Market bottom 34%Global bottom 30% All 6 signals ▾Fin. healthtop 50% Moatbottom 42% Marketbottom 34% Globalbottom 30% Techbottom 15% Growthbottom 8% Fin. health: Revenue ~$277k (FY2024) · Net margin 989.3% Moat: Top 49% by revenue among 625 tracked Electric Vehicles companies · Editorial + unicorn rating 1/10 rank vs industry peers · Fliar Intelligence Index 6/100 | $277K FY2025 | -46% | — | — | — | — | — |
Top 9 Energy Storage Tech companies in Chennai
#1
Seed · Chennai, Tamil Nadu · founded 2024$1Mraised▾
Developer of zinc-air battery technology for long-duration energy storage solutions. The company's patented system stores surplus renewable energy by regenerating zinc. When energy is needed, the zinc plates release power using ambient air and water-based electrolytes. The zinc converts back to zinc oxide, which is then reused in a closed-loop cycle. The technology enables seasonal storage and provides reliable clean energy.
- Jun 2025Seed$1M
#2
Funding Raised · Chennai, Tamil Nadu · founded 2009$29.9Mraised▾
Provider of electric vehicle charging station. They allow users to locate and charge vehicles by providing location,user details,payment details and more.
- May 2024Conventional Debt$29.9M
#3
Seed · Chennai, Tamil Nadu · founded 2021$475.4Kraised▾
Provider of holistic system engineering for electric heavy-duty vehicle commercialization. This includes solutions for fleet management, focusing on battery charging and discharging optimization. Complete solutions are offered for regional haul electric heavy-duty vehicles, a cost-effective and sustainable logistics option. Core solutions center around battery management systems, integrating safety-compliant, data-driven technologies for efficient energy management. The company supports the sustainable introduction of new electric fleets in short-haul transportation.
- Oct 2024Seed$475.4K
#4
Seed · Chennai, Tamil Nadu · founded 2018 · 31 employees$1.4Mraised▾
Saas & IoT enabled battery management products and solutions for electric vehicles. It offers hardware and software-enabled solutions for clients. It offers various products like batteries, vehicle control units, and swap stations with features like lightweight, ease of integration with the proprietary battery management system, cloud connection, and more. It offers services like charging solutions, fleet management, battery swapping solutions & more with features like data analytics and reporting, automated payments management, battery health predictions, etc. It offers solutions for logistics, mobility operators, and others.
- Sep 2022Seed$1.3M
- Jul 2021Seed$135.3K
#5
Acquired · Chennai, Tamil Nadu · founded 2013 · 43 employees$2Mraised▾
Manufacturer of lithium-ion battery packs, off-the-shelf products, and custom solutions. The company provides fully integrated battery solutions for electric vehicles. It offers custom engineered solutions and battery analytics. The company leverages data for performance, safety, and long battery life. It designs and develops energy storage solutions.
- Jun 2021Conventional Debt$2M
- Jul 2020Seed$2M
- 2018Seed—
#6
Seed · Chennai, Tamil Nadu · founded 2018 · 16 employees$439.7Kraised▾
Online platform offering EV charging stations and infrastructure solutions. It provides a range of AC and DC chargers suitable for residential, commercial, and public use. The platform focuses on delivering reliable and efficient charging solutions to support the adoption of electric mobility.
- Dec 2022Seed$439.7K
- 2022Grant (prize money)—
#7
Seed · Chennai, Tamil Nadu · founded 2020$61Kraised▾
Developer of sulfur-iron flow batteries. It helps industries achieve net zero by providing clean energy through long-duration energy storage solutions. It supports industries with off-grid renewable energy or connected to weak grids, ensuring uninterrupted power and reducing reliance on fossil fuels.
- Jun 2023Seed$61K
#8
Seed · Chennai, Tamil Nadu · founded 2018—raised▾
Elicius is a technology solutions provider for hydrogen fuel cells. Offerings include tubular PEM fuel cell stack(energy storage fuel cell), rapid impedance spectroscopy(for battery management system), and others. Used in powering buildings, cars, trucks, portable electronic devices, and backup power systems.
- Dec 2020Seed—
#9
Seed · Chennai, Tamil Nadu · founded 2019 · 11 employees—raised▾
Provider of electric vehicle charging and management solutions. The company develops and manages electric vehicle charging solutions. It also offers a charging management platform for backend, operations, and analytics.
- 2019Seed—
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Energy Storage Tech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Energy Storage in Chennai is moving
A read on the academic research around Energy Storage in Chennai — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 357 papers.
- Vellore Institute of Technology University136
- SRM Institute of Science and Technology115
- Indian Institute of Technology Madras51
- Anna University, Chennai35
- Sathyabama Institute of Science and Technology22
- Supercapacitor2→30
- Battery (electricity)1→27
- Renewable energy1→25
- Photovoltaic system1→18
- Energy management1→14
- Supercapacitor1→40
- Photovoltaic system1→36
- Microgrid1→28
- Nanotechnology1→15
- Electrode1→12
- Compressed air3
- Supercapacitor3
- Wind power2
- Context (archaeology)2
- Renewable energy2
Who's building energy storage IP in Chennai
- Mauto Electric Mobility6Chennai
- robert bosch centre for data science and artificial intelligence (rbcdsai)1Chennai
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.