Company lists
The India edition · 2026

Energy storage techcompanies in India

Batteries, EV charging, battery management, hydrogen & fuel cells, solar & grid and more: the companies building energy storage tech in India, with their founders, funding, team size and business models.

947 company profiles508 with reported revenue129 with recorded fundingSeptember 2026 edition
India · Photo: Wikimedia Commons (CC BY-SA 4.0)

Recent energy storage tech business events in India

Funding, M&A, contract wins and launches involving 1,099 energy storage tech companies in India, last 24 months: 55 funding rounds · 54 Contracts · 18 launches · 12 M&A deals. Newest first; companies and investors link to their Fliar profiles. Latest event in our news feed: Jun 2026.

ContractService

Lohum · client: Hindustan copper

Hindustan Copper Limited (HCL) has awarded LOHUM the rights to restart, upgrade, and maintain the 50,000 tonne-per-annum Copper Project at Jhagadia, Gujarat, under a 20-year…

Copper
ContractSupply

Emni · client: Advantex Battery

EMNI announced on April 21 that it has signed a lithium‑ion cell supply contract ... with ADVANTEX Battery.

Battery
ContractService

Sterling and wilson renewable energy · client: Coal india

The company said it has been declared the L1 bidder for a turnkey EPC package from Coal India for the development of an 875 MW (AC) grid-connected solar PV project in Bikaner, Rajasthan.…

Renewable Energy
FundingParent company guarantee

Sterling and wilson renewable energy

Sterling and Wilson Renewable Energy Limited has issued a USD 34 million parent company guarantee in favour of Nedbank Limited to secure an additional working capital facility for…

Investors Nedbank
Solar power
Launch

Bijliride

Bijliride has introduced a software-as-a-service platform designed to help enterprises manage electric vehicle fleets, marking the startup's expansion into B2B technology solutions.

Fleet management
ContractSupply

Jakson Green · client: Coromandel international

It was awarded the tender to supply green ammonia to state-owned fertiliser producer Coromandel International’s plant in Kakinada, Andhra Pradesh for around $580 per tonne.

Renewable Energy
FundingSeries A

Bacancy Systems

Engineering startup Bacancy Systems raised $4.31 million in a Series A round.

Engineering
ContractSupply

Jakson Green · client: Solar Energy Corporation of India

Jakson Green Limited has signed a Green Ammonia Purchase Agreement (GAPA) with Solar Energy Corporation of India for the supply of green ammonia under the Strategic Interventions for…

Renewable Energy
ContractGovernment

SCharge · client: Technology Development Board

the government body entered an agreement with Scharge Private Limited to develop a next‑generation electric vehicle charging solution for commercial fleet and depot operations under the…

Industrial sustainability, EV charging infrastructure
FundingSeries A

Bacancy Systems

Bacancy Systems has raised ₹400 million in a Series A funding round led by Sabre Partners and Greenstone Capital, with both investors acquiring minority stakes through primary…

Embedded electronics and power systems for electric vehicles and railway applications
FundingPre-Series A

Newtrace

Bengaluru-based climate technology startup Newtrace has raised $6.3 million in a Pre-Series A funding round to accelerate the commercialization of its green hydrogen production technology.

Investors Peak xv partners, Aavishkaar capital, Speciale invest, Micelio Technology Fund
Climate Technology (Green Hydrogen)
FundingSeed

Hycosys

In a seed funding round headed by MountTech Growth Fund-Kavachh, deep-tech engineering startup Hycosys has raised more than $1 million, or roughly Rs 9 crore.

Investors MountTech Growth Fund-Kavachh
Deep-tech engineering
FundingBlended equity and debt

Statiq

Statiq has raised approximately $18 million in a blended equity and debt round, signalling renewed investor interest in India’s electric vehicle infrastructure sector after a prolonged…

Investors Tenacity Ventures, Y combinator, Shell Ventures, RCD Holdings
Electric vehicle infrastructure
FundingSeed

E-trnl energy

has led a ₹27.4 crore seed round in e-TRNL Energy, a cleantech startup pioneering next-generation battery cell technology, through its 2nd VC Fund, IAN Alpha Fund.

Investors IAN Alpha Fund, Navam Capital, Speciale invest
Cleantech
FundingSeries A

Indigrid

Indigrid Technology Private Limited has raised an additional INR 40 crore, closing its extended Series A round at INR 75 crore. The round was led by Cactus Partners, with subsequent…

Investors Cactus Partners, Valour Capital, Iti growth opportunities fund, Vimson Group
Electronics manufacturing
LaunchACTIVE technology petrol

Jio-bp

Goa, India, January 29, 2026: Hon’ble Minister of Petroleum and Natural Gas, Shri Hardeep Singh Puri today launched the path-breaking ACTIVE technology petrol at Jio-bp (the operating…

Petrol
FundingFunding round

Chargeup

IAN Group backs Chargeup in INR 22 Cr funding round.

Investors Capital-A, Existing investors
EV mobility / Driver-first EV tech platform (3‑wheeler last‑mile)
FundingPre-seed

MEINE Electric

Deeptech energy storage startup Meine Electric has raised $750,000 in a pre‑seed round led by Antler, Rebalance and Venture Catalysts.

Investors Gradcapital, AIC-AU Incubation Foundation, Angel Investors
Deeptech / Energy storage
Funding

Aloe Ecell

Aloe Ecell, an eco-conscious startup focused on mitigating the environmental challenges posed by disposable dry-cell batteries, has secured a ₹3.5 crore commitment on Bharat Ke Super…

Investors Bharat Ke Super Founders
Sustainability
LaunchFranchise-Owned, Franchise-Operated (FOFO) Model

Bijliride

Bijliride, India’s leading SaaS-powered electric two-wheeler rental platform, has announced the launch of its Franchise-Owned, Franchise-Operated (FOFO) Model, a model of expansion,

Franchise Model
ContractService

Hgs interactive · client: Tirex chargers

Representational HGS Interactive, a global digital marketing agency and part of intelligent experience company Hinduja Global Solutions (HGS), has announced that it has secured the…

E-mobility
ContractSupply

Inox Wind · client: Jakson Green

In November this year, Inox had secured an order from Jakson for 100 MW of its 3.3 MW wind turbines.

Renewable energy
Funding

GFCL EV

Gujarat Fluorochemicals Limited’s subsidiary, GFCL EV Products Ltd, has received a major investment of approximately US$50 million from the International Finance Corporation (IFC), a…

Battery materials manufacturing
FundingSecured loan extension

PowerBank

The Company has extended its current secured loan investment of $3 million with a wholly-owned subsidiary of Powerbank Corporation ('Powerbank').

Investors Re royalties
FundingPre-Series B

Neuron energy

India’s EV battery startup Neuron Energy has secured ₹31 crore in a Pre-Series B funding round — a move many see as a big vote of confidence in domestic battery manufacturing.

Investors Equanimity Ventures, Rajiv Dadlani Group, Thackersay Family Office, Chona Family Office
EV battery manufacturing
FundingPre-Series B

Neuron energy

Neuron Energy, a leading EV battery manufacturer, has raised ₹31 crore in its Pre-Series B funding round...

Investors Equanimity Ventures, Rajiv Dadlani Group, Thackersay Family Office, Chona Family Office
EV battery manufacturing
LaunchImpact Report 2025

Battery smart

Battery Smart—India’s largest battery-swapping network for electric two- and three-wheelers—today unveiled its first Impact Report, ‘Redefining Mobility, One EV at a Time’.

FundingDebt and equity

Magenta mobility

This comes less than a year after Magenta raised around ₹100 crore in debt and equity in March.

Electric mobility

Energy storage tech companies in India, by revenue

Browse energy storage tech companies in India by reported revenue, one-year revenue growth, revenue model, age and stage. The 50 companies below are the largest by their most recent reported revenue among 508 energy storage tech companies in India that have filed a figure in the last four years. Every figure keeps its own reporting period, so compare periods before comparing amounts.

Showing 25 of 50

Chains providing fuel, electric vehicle charging, and convenience store services

Oil & gas downstream
₹51,067.48 crFY 2024-25
+33%2024–2025
2,622-100% 12 mo to Oct 2024LinkedIn · Jul 2026
18 yr2008
5postings · last posted Sep 2026

Manufacturer of automotive batteries and solar products

Auto components
₹3,807.20 crFY 2024-25
+16%2024–2025
1,076+13% 12 mo to Jun 2023LinkedIn · Jul 2026
12 yr2014
0none in 3 months

Developer of energy storage systems

Solar energy
₹2,125.87 crFY 2022-23
Not reported
1,817-11% 12 mo to Apr 2024LinkedIn · Jul 2026
99 yr1927
0none in 3 months

Manufacturer of power backup systems, batteries, and solar energy solutions

Electric vehicles
₹841.30 crFY 2024-25
-7%2024–2025
1,217LinkedIn · Jul 2026
24 yr2002
0none in 3 months

Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining

Energy storage tech
₹835.12 crFY 2024-25
Not reported
497+131% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Manufacturer of solar inverters, solar batteries, EV chargers, and LEDs

Energy storage tech
₹676.80 crFY 2024-25
+91%2024–2025
517+64% 12 mo to Jun 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months · last posted Jun 2026

Online platform offering EV charging solutions

Energy storage tech
₹534.06 crFY 2022-23
Not reported
794+12% 12 mo to Aug 2024recorded Aug 2024
32 yr1994
—No postings tracked

Provider of mobile phone chargers and adapters

Electric vehicles
₹528.47 crFY 2024-25
-4%2024–2025
207+13% 12 mo to Aug 2024recorded Aug 2024
9 yr2017
0none in 3 months

Developer of lithium-ion battery packs for multi-cateory electric vehicles

Energy storage tech
₹489.83 crFY 2024-25
-20%2024–2025
40+3900% 12 mo to Jun 2023recorded Jun 2023
44 yr1982
0none in 3 months

Provider of battery swapping services for electric vehicles and related infrastructure

Electric vehicles
₹334.84 crFY 2024-25
+17%2024–2025
921LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of lithium ion batteries for EVs

Electric vehicles
₹303.50 crFY 2023-24
-51%2023–2024
365+78% 12 mo to Aug 2024LinkedIn · Jul 2026
22 yr2004
0none in 3 months

Platform offering operator of battery-swapping network for electric vehicles and related services

Electric vehicles
₹278.83 crFY 2024-25
+49%2024–2025
1,074+57% 12 mo to Jul 2024LinkedIn · Jul 2026
7 yr2019
8postings · last posted Sep 2026

Provider of energy storage systems

Energy storage tech
₹247.44 crFY 2024-25
+78%2024–2025
55+214% 12 mo to Sep 2024LinkedIn · Jul 2026
16 yr2010
0none in 3 months

Provider of fuel cell technology and integrated alternative energy solutions

Energy storage tech
₹221.85 crFY 2024-25
-26%2024–2025
99LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Manufacturer of lithium-ion batteries and EV powertrain components

Energy storage tech
₹220.39 crFY 2024-25
+66%2024–2025
262-10% 12 mo to Aug 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Jun 2026

Provider of energy storage solutions for residential buildings

Energy storage tech
₹211.25 crFY 2024-25
+19%2024–2025
43+13% 12 mo to Sep 2024LinkedIn · Jul 2026
18 yr2008
0none in 3 months

Developer of lithium battery technology for mobility and energy storage

Energy storage tech
₹205.73 crFY 2024-25
+6%2024–2025
266+46% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Micro-controller based system developers

Energy storage tech
₹190.76 crFY 2024-25
+19%2024–2025
1,110+14% 12 mo to Sep 2024LinkedIn · Jul 2026
41 yr1985
0none in 3 months

Provider of residential, commercial, telecom, and electric vehicle energy solutions

Energy storage tech
₹190.74 crFY 2024-25
+135%2024–2025
19LinkedIn · Jul 2026
5 yr2021
0none in 3 months · last posted May 2026

Provider of electric scooters, scootys, and electric bikes

Electric vehicles
₹153.44 crFY 2024-25
+21%2024–2025
—Not available
39 yr1987
0none in 3 months

Platform offering heavy duty trucks

Electric vehicles
₹141.87 crFY 2024-25
Not reported
159+26% 12 mo to Mar 2024LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Lithium ion battery manufacturer

Renewable energy tech
₹133.49 crFY 2024-25
+15%2024–2025
39LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Platform offering power conversion products and solutions for e-mobility

Energy storage tech
₹129.64 crFY 2024-25
+41%2024–2025
110+54% 12 mo to Aug 2023LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Dec 2025

Provider of charging connectors for electric vehicles

Energy storage tech
₹124.59 crFY 2024-25
+9%2024–2025
14LinkedIn · Jul 2026
38 yr1988
0none in 3 months

Manufacturer of battery modules and packs for energy storage solutions

Energy storage tech
₹117.33 crFY 2022-23
+240%2022–2023
30+233% vs previous recordLinkedIn · Jul 2026
8 yr2018
0none in 3 months
50 of 947 companies shown here · the full list is on Radar
Fliar Radar

Explore all 947 energy storage tech companies in India on Radar

This page shows the top 50. Radar has the complete, filterable list with contacts and live company signals.

Open energy storage tech in India on Radar
  • Every company, not just 50All 947 energy storage tech companies in India, filterable by stage, funding, team size, revenue model and age.
  • Founders and decision-makersLeadership teams with roles and verified LinkedIn profiles, ready for outreach.
  • Live signalsFunding rounds, hiring, launches and M&A as they happen, with alerts on the companies you follow.
  • Save and exportBuild lists, compare companies side by side and export them from your Radar account.

Explore energy storage tech companies in India by what you are looking for

Find energy storage companies in India, from lithium-ion battery makers to EV charging networks and hydrogen players. Browse top energy storage companies and energy storage technology companies by type.

9 ways to explore energy storage tech in India

Lithium-ion battery & energy storage system makersEV charging & charging network companiesBattery management systems & battery swappingHydrogen, fuel cell & alternative storage companiesSolar, smart grid & energy management companiesBattery recycling & waste management companies

Lithium-ion battery & energy storage system makers

Manufacturers of lithium-ion batteries, battery packs and battery energy storage systems.

  1. Livguard

    Manufacturer of automotive batteries and solar products

    Auto components
    See in list
  2. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
  3. Lohum

    Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining

    Energy storage tech
    See in list
  4. Battrixx

    Developer of lithium-ion battery packs for multi-cateory electric vehicles

    Energy storage tech
    See in list
  5. SUN Mobility

    Provider of battery swapping services for electric vehicles and related infrastructure

    Electric vehicles
    See in list

EV charging & charging network companies

Electric vehicle charging stations, chargers and charging software.

  1. Servoteh

    Manufacturer of solar inverters, solar batteries, EV chargers, and LEDs

    Energy storage tech
    See in list
  2. Exicom

    Online platform offering EV charging solutions

    Energy storage tech
    See in list
  3. Wisepower

    Provider of mobile phone chargers and adapters

    Electric vehicles
    See in list
  4. SUN Mobility

    Provider of battery swapping services for electric vehicles and related infrastructure

    Electric vehicles
    See in list
  5. IPEC

    Platform offering power conversion products and solutions for e-mobility

    Energy storage tech
    See in list

Battery management systems & battery swapping

BMS, battery analytics, swapping and diagnostic technology.

  1. Sixth Energy Technologies

    AI-enabled IoT platform for infrastructure monitoring and management

    Internet of things infrastructure
    Website
  2. Fabric IoT

    Provider of data and energy infrastructure for electric vehicle charging

    Iot applications
    Website
  3. Lime

    Developer of AI-driven battery analytics platform, BMS, and IoT solutions

    Energy storage tech
    Website
  4. Electrifuel

    Platform offering smart battery management systems, telematics, chargers, and software

    Energy storage tech
    Website
  5. Webber ElectroCorp

    Manufacturer of battery management systems and controllers for electric vehicles

    Energy storage tech
    Website

Hydrogen, fuel cell & alternative storage companies

Hydrogen generation, electrolysis, fuel cells, flow batteries and ultracapacitors.

  1. Eastern Electrolyser

    Manufacturer of water electrolysis based hydrogen gas plants and related systems

    Energy storage tech
    Website
  2. GreenH

    Online platform offering hydrogen solutions

    Energy storage tech
    Website
  3. SFC Energy

    Provider of stationary and mobile fuel cell power supply solutions

    Energy storage tech
    Website
  4. SATARA CRYO

    Provider of hybrid-liquid hydrogen storage solutions

    Energy storage tech
    Website
  5. Adsorbtech Engineers

    Platform provides industrial gas and compressed air solutions,including nitrogen gas generators,compressed air dryers etc

    Energy storage tech
    Website

Solar, smart grid & energy management companies

Solar inverters, energy storage projects and grid-scale energy systems.

  1. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
  2. Servoteh

    Manufacturer of solar inverters, solar batteries, EV chargers, and LEDs

    Energy storage tech
    See in list
  3. Sixth Energy Technologies

    AI-enabled IoT platform for infrastructure monitoring and management

    Internet of things infrastructure
    Website
  4. SPINOFF Technopark

    Clean tech energy product in lithium such as ESS, BESS, SOLAR, Home solutions inverters

    Energy efficiency tech
    Website
  5. Su-vastika

    Manufacturer of power solutions for homes, offices, and industrial applications

    Energy storage tech
    Website

Battery recycling & waste management companies

Lithium-ion battery recycling and e-waste solutions.

  1. Lohum

    Recycles lithium-ion batteries and repurposes battery raw materials through low-carbon refining

    Energy storage tech
    See in list
  2. BatX Energies

    Provider of lithium-ion battery recycling services producing battery grade materials

    Energy storage tech
    Website
  3. E-Fill Electric

    Manufacturer of electric vehicle chargers and electric three-wheeled vehicles

    Energy storage tech
    Website
  4. Mobec

    Provider of sustainable EV charging, energy storage, and e-waste solutions

    Energy storage tech
    Website
  5. Ossus

    Provider of green hydrogen production technology using industrial wastewater and bioelectrochemical systems

    Water and wastewater management tech
    Website

Energy storage tech startups in India

Recently founded energy storage companies in India.

  1. Trex Energy

    Provider of residential, commercial, telecom, and electric vehicle energy solutions

    Energy storage tech
    See in list
  2. Watthut

    Provider of inverters, batteries, and energy storage systems for projects

    Energy storage tech
    See in list
  3. Mindra EV

    Provider of electric vehicle charging solutions

    Energy storage tech
    Website
  4. Fluence India

    Provider of energy storage solutions

    Energy storage tech
    Website
  5. GreenH

    Online platform offering hydrogen solutions

    Energy storage tech
    Website
243 companies in India

Energy storage tech companies hiring in India

Energy storage employers in India with open roles.

  1. Jio-bp

    Chains providing fuel, electric vehicle charging, and convenience store services

    Oil & gas downstream
    See in list
  2. Servoteh

    Manufacturer of solar inverters, solar batteries, EV chargers, and LEDs

    Energy storage tech
    See in list
  3. Battery Smart

    Platform offering operator of battery-swapping network for electric vehicles and related services

    Electric vehicles
    See in list
  4. CLN Energy

    Manufacturer of lithium-ion batteries and EV powertrain components

    Energy storage tech
    See in list
  5. Trex Energy

    Provider of residential, commercial, telecom, and electric vehicle energy solutions

    Energy storage tech
    See in list
26 companies in India

Listed energy storage tech companies in India

Publicly listed energy storage and battery companies in India.

  1. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
  2. Servoteh

    Manufacturer of solar inverters, solar batteries, EV chargers, and LEDs

    Energy storage tech
    See in list
  3. Exicom

    Online platform offering EV charging solutions

    Energy storage tech
    See in list
  4. GPES

    Provider of energy storage systems

    Energy storage tech
    See in list
  5. CLN Energy

    Manufacturer of lithium-ion batteries and EV powertrain components

    Energy storage tech
    See in list
10 companies in India
Mobile reach

Top 10 energy storage tech apps from India

The most-installed Android apps published by energy storage tech companies headquartered in India — 3.3M installs between them. 136 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

Statiq: EV Charging Stations

by Statiq

Installs828K
Rating4.07K ratings
Installs, year on year+92%
Last updatedMay 2026
View on Google Play ↗
Statiq: EV Charging Stations screenshot 1Statiq: EV Charging Stations screenshot 2Statiq: EV Charging Stations screenshot 3Statiq: EV Charging Stations screenshot 4Statiq: EV Charging Stations screenshot 5Statiq: EV Charging Stations screenshot 6
2

ChargeZone: EV Charging India

by Charge Zone

Installs756K
Rating4.566K ratings
Installs, year on year+59%
Last updatedJun 2026
View on Google Play ↗
ChargeZone: EV Charging India screenshot 1ChargeZone: EV Charging India screenshot 2ChargeZone: EV Charging India screenshot 3ChargeZone: EV Charging India screenshot 4
3

Bolt.Earth - EV Charging App

by Bolt.Earth

Installs450K
Rating4.02K ratings
Installs, year on year+104%
Last updatedJun 2026
View on Google Play ↗
Bolt.Earth - EV Charging App screenshot 1Bolt.Earth - EV Charging App screenshot 2Bolt.Earth - EV Charging App screenshot 3Bolt.Earth - EV Charging App screenshot 4Bolt.Earth - EV Charging App screenshot 5Bolt.Earth - EV Charging App screenshot 6
5

Kazam EV Charging

by Kazam

Installs230K
Rating—
Last updatedMar 2026
View on Google Play ↗
Kazam EV Charging screenshot 1Kazam EV Charging screenshot 2Kazam EV Charging screenshot 3Kazam EV Charging screenshot 4Kazam EV Charging screenshot 5Kazam EV Charging screenshot 6
7

chargeMOD - EV Charging

by chargeMOD

Installs174K
Rating—
Last updatedMay 2026
View on Google Play ↗
chargeMOD - EV Charging screenshot 1chargeMOD - EV Charging screenshot 2chargeMOD - EV Charging screenshot 3chargeMOD - EV Charging screenshot 4chargeMOD - EV Charging screenshot 5chargeMOD - EV Charging screenshot 6
8

Bijliride : E-Bike Rental

by Bijliride

Installs162K
Rating—
Installs, year on year+112%
Last updatedApr 2026
View on Google Play ↗
Bijliride : E-Bike Rental screenshot 1Bijliride : E-Bike Rental screenshot 2Bijliride : E-Bike Rental screenshot 3Bijliride : E-Bike Rental screenshot 4Bijliride : E-Bike Rental screenshot 5Bijliride : E-Bike Rental screenshot 6
10

Lectrix

by Lime

Installs117K
Rating—
Last updatedJun 2026
View on Google Play ↗
Lectrix screenshot 1Lectrix screenshot 2Lectrix screenshot 3Lectrix screenshot 4Lectrix screenshot 5Lectrix screenshot 6
The business behind the activity

Energy storage tech financials in India

Revenue, profit and growth from the filed annual accounts of 440 energy storage tech companies in India for FY24-25 — 526 of the 947 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 59% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹18,801.46 cr

440 companies filing accounts

combined net profit−₹213.84 cr

-1.1% aggregate margin

are profitable50%

219 of 440 companies

median revenue~₹2.1 cr

the typical company

median revenue growth+48%

into FY24-25

earned by the top five59%

revenue concentration

Six-year view

Combined revenue of filing companies

₹8,920.85 crFY19-20160 filers
₹8,410.16 crFY20-21220 filers
₹11,164.77 crFY21-22266 filers
₹13,842.56 crFY22-23349 filers
₹15,557.52 crFY23-24412 filers
₹18,801.46 crFY24-25440 filers

The number of companies filing changes each year; the three-year cohort below compares like with like.

Like-for-like

The same 292 companies over three years

+47%
FY22-23₹12,229.19 cr−₹498.29 cr net
FY23-24₹13,687.62 cr−₹399.59 cr net
FY24-25₹17,930.03 cr−₹94.11 cr net

Companies with accounts for all three years, so growth is not an artefact of who filed.

Scale and profit

Bigger companies are far more often profitable

Under ₹1 cr17123% profitable
₹1–10 cr15162% profitable
₹10–100 cr8973% profitable
₹100–1,000 cr2770% profitable
Over ₹1,000 cr250% profitable

Companies by FY24-25 revenue. Bars show how many companies sit in each band.

Momentum

How fast revenue moved into FY24-25

Shrinking97
0–20%44
20–50%49
50–100%51
Doubled+127

368 companies with accounts for both years; median growth +48%.

Profitability

Profit is concentrated at the top

219profitable
219loss-making
-1.1%aggregate margin
0.0%median margin

The aggregate margin is pulled up by a few large filers; the median shows the typical company.

Growth leaders · ₹10 cr+ revenue

Fastest growing, FY24-25

CompanyGrowthRevenue
ASR Control Solutions SystemsASR CONTROL SOLUTION SYSTEMS PRIVATE LIMITED+804%₹18.14 cr
BelectriqBELECTRIQ MOBILITY PRIVATE LIMITED+645%
PravaigPRAVAIG DYNAMICS PRIVATE LIMITED+521%
REPLUS EngitechREPLUS ENGITECH PRIVATE LIMITED
Relux ElectricRELUX ELECTRIC PRIVATE LIMITED₹10.23 cr
VerdeMobilityVERDEMOBILITY INDIA PRIVATE LIMITED+344%₹18.00 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
FC TecNrgyFC TECNRGY PRIVATE LIMITED20.8%₹221.85 cr
Ultralife Batteries IndiaULTRALIFE BATTERIES INDIA PRIVATE LIMITED
SATARA CRYOSATARA ENGINEERING PROJECTS AND EQUIPMENTS PRIVATE LIMITED16.7%₹38.95 cr
PravaigPRAVAIG DYNAMICS PRIVATE LIMITED15.8%
Magnewin EnergyMAGNEWIN ENERGY PRIVATE LIMITED₹41.61 cr
EfftronicsEFFTRONICS SYSTEMS PRIVATE LIMITED14.4%₹190.76 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Energy storage tech305₹6,761.28 cr~₹2.5 cr52%-3.4%
Electric vehicles95₹2,049.38 cr~₹91 lakh43%-6.4%
Renewable energy tech9₹235.51 cr~₹94 lakh56%7.4%
Energy storage6₹124.06 cr~₹3.5 cr67%5.0%
Leaders

Largest energy storage tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
Sterling and WilsonSTERLING AND WILSON RENEWABLE ENERGY LIMITED₹5,592.38 cr₹318.26 cr5.7%+88%
LivguardLIVGUARD ENERGY TECHNOLOGIES PRIVATE LIMITED₹3,634.90 cr−₹47.16 cr-1.3%+16%
OkayaOKAYA POWER PRIVATE LIMITED₹841.30 cr−₹6.13 cr-0.7%-7%
ServotehSERVOTECH RENEWABLE POWER SYSTEM LIMITED₹589.11 cr₹33.47 cr5.7%+92%
BattrixxKABRA EXTRUSION TECHNIK LTD₹489.83 cr₹33.87 cr6.9%-20%
SUN MobilitySun Mobility Private Limited₹334.84 cr−₹92.43 cr-27.6%+17%
LohumLOHUM CLEANTECH PRIVATE LIMITED₹308.09 cr−₹7.19 cr-2.3%-30%
GPESGP ECO SOLUTIONS INDIA LIMITED₹241.06 cr₹10.25 cr4.3%+77%
FC TecNrgyFC TECNRGY PRIVATE LIMITED₹221.85 cr₹46.23 cr20.8%-26%
CLN EnergyCln Energy Limited₹220.39 cr₹12.92 cr5.9%+66%
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Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

Industry landscape report

Accounting and Tax Software Industry Landscape of India

The financials above are one chapter. The full energy storage tech landscape of India maps the whole industry — every segment, the capital behind it, the talent market and where the next opportunities are.

  • Market map of every sub-sector
  • Funding & company formation by year
  • Revenue, profit & financial strength
  • Digital footprint: traffic, apps, releases
  • Hiring, skills & pay
  • Founders & leaders
  • News & sentiment
  • Where demand runs ahead of supply
Read the energy storage tech landscape of India
For investors and data teams

Put this intelligence into your own tools

The figures on this page come from Fliar’s company, funding and MCA filings data. Use it through the Investor Intelligence API and MCA financials feeds, or explore every company, filing and investor in Radar.

Capital & corporate activity

Energy storage tech funding and M&A across India

410 recorded equity rounds have gone to 1,099 energy storage tech companies in India — how much, at which stage, into which sub-sectors, from whom, and how India compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months25

US$105.55m

equity rounds, last 24 months90

US$429.31m

raised over five yearsUS$1.21bn

320 rounds in India

M&A deals, India12

last 24 months

Capital by year

Equity funding into energy storage tech in India

amount rounds
$16m201820
$70m201926
$19m202028
$152m202157
$203m202272
$294m202364
$306m202459
$179m202554
$81m202614

Bars show US$ raised; the number under each year is equity rounds. 2026 is year to date. The peak year was 2024, with US$306.06m across 59 rounds.

The funding ladder · five years

Rounds and typical cheque by stage

AngelUS$12.14m42 rounds · median US$69k
SeedUS$208.00m199 rounds · median US$453k
Series AUS$506.25m53 rounds · median US$5.91m
Series BUS$354.84m24 rounds · median US$12.48m
Series CUS$14.71m1 rounds · median US$14.71m
Series D+US$118.95m1 rounds · median US$118.95m
Where the money went · five years

Most-funded sub-sectors

Energy storage techUS$673.49m183 rounds · 77 companies
Electric vehiclesUS$391.10m100 rounds · 36 companies
Logistics techUS$45.65m5 rounds · 2 companies
Smart citiesUS$43.70m2 rounds · 1 companies
Renewable energy techUS$23.89m10 rounds · 5 companies
Iot applicationsUS$13.50m2 rounds · 2 companies
Auto componentsUS$8.10m6 rounds · 2 companies
Corporate activity · last 24 months

M&A in India

12Acquisition

Most active acquirers

  1. ChargeZone1
  2. International Conveyors1
  3. Yuma energy1
  4. Morgan stanley1
  5. PowerBank1

Most acquired or merged

  1. Sterling and wilson renewable energy5
  2. Greenfuel energy solutions2
  3. Zerovolt1
  4. Grinntech motors & services1
  5. Solar flow-through1

Each deal appears in the events strip at the top of the page.

Energy storage tech funding in India

129 energy storage tech companies in India have recorded equity funding, US$1.34bn in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in India

Meet the people behind energy storage tech companies in India. 605 of 947 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore India energy storage tech companies by sub-sector

The most common specialisations among energy storage tech companies in India. Open a company to see what it sells, who runs it and how far it has come.

Keep exploring energy storage tech in India and nearby markets.

Coming soon