Company lists
The Karnataka edition · 2026

Energy storage techcompanies in Karnataka

Batteries, battery management, EV charging, hydrogen & renewables, auto components and more: the companies building energy storage tech in Karnataka, with their founders, funding, team size and business models.

133 company profiles71 with reported revenue38 with recorded fundingOctober 2026 edition
Karnataka · Photo: Wikimedia Commons (Creative Commons Attribution-ShareAlike 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 · 51 Contracts · 17 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
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
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
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 Karnataka, by revenue

Browse energy storage tech companies in Karnataka 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 71 energy storage tech companies in Karnataka 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

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

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

Online platform offering advanced battery technology solutions for electric vehicles

Energy storage tech
₹110.32 crFY 2023-24
+58%2023–2024
262-26% 12 mo to Jun 2024LinkedIn · Jul 2026
11 yr2015
0none in 3 months

Manufacturer of lithium-ion cells, battery modules, and energy storage solutions

Smart grid
₹69.31 crFY 2024-25
-11%2024–2025
196+11% 12 mo to Sep 2024recorded Sep 2024
10 yr2016
0none in 3 months

Manufacturer of lithium ion battery

Energy storage tech
₹57.77 crFY 2023-24
+141%2023–2024
5+151% 12 mo to Sep 2024LinkedIn · Jul 2026
27 yr1999
0none in 3 months

AI-enabled IoT platform for infrastructure monitoring and management

Internet of things infrastructure
₹55.80 crFY 2024-25
+4%2024–2025
202-4% 12 mo to Sep 2024LinkedIn · Jul 2026
23 yr2003
0none in 3 months · last posted Dec 2025

Operator of battery swapping network for electric vehicles and retrofits

Electric vehicles
₹45.48 crFY 2024-25
Not reported
293LinkedIn · Jul 2026
2 yr2024
2postings · last posted Sep 2026

Provider of rapid-charging battery, charger, and connector technology for EVs

Energy storage tech
₹44.05 crFY 2024-25
Not reported
301+23% 12 mo to Sep 2024LinkedIn · Jul 2026
6 yr2020
1postings · last posted Sep 2026

Platform offering electric vehicle charging and energy management

Electric vehicles
₹39.84 crFY 2024-25
+240%2024–2025
352LinkedIn · Jul 2026
6 yr2020
0none in 3 months

Provider of data and energy infrastructure for electric vehicle charging

Iot applications
₹36.54 crFY 2023-24
+72%2023–2024
7LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Developer of electric vehicles and energy solutions for transportation needs

Electric vehicles
₹31.13 crFY 2024-25
+463%2024–2025
108-38% 12 mo to Sep 2024LinkedIn · Jul 2026
15 yr2011
0none in 3 months

Provider of high-performance electric mobility solutions

Electric vehicles
₹26.85 crFY 2024-25
Not reported
110LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Apr 2026

Provider of battery-swapping infrastructure and services for electric vehicles

Electric vehicles
₹20.71 crFY 2022-23
Not reported
300-63% 12 mo to Sep 2024LinkedIn · Jul 2026
3 yr2023
2postings · last posted Aug 2026

Provider of energy storage systems and batteries

Energy storage tech
₹17.29 crFY 2021-22
Not reported
—Not available
28 yr1998
—No postings tracked

Provider of clean energy solutions and waste-to-energy technologies

Energy storage tech
₹16.32 crFY 2024-25
+94%2024–2025
24LinkedIn · Jul 2026
17 yr2009
0none in 3 months

Manufacturer of microwave systems, materials, and hydrogen generation components

Energy storage tech
₹16.30 crFY 2024-25
+9%2024–2025
52+22% vs previous recordLinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of batteries and chargers

Energy storage tech
₹15.27 crFY 2024-25
+49%2024–2025
1-14% 12 mo to Mar 2024LinkedIn · Jul 2026
19 yr2007
0none in 3 months

Provider of energy management systems integrating battery technology and charging hardware

Auto components
₹15.13 crFY 2024-25
+290%2024–2025
102+45% 12 mo to Sep 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Jul 2026

Provider of electric vehicle charging hardware and software solutions

Energy storage tech
₹13.70 crFY 2024-25
+18%2024–2025
43+29% 12 mo to Jul 2023LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of electric vehicle charging hardware, software, and support services

Electric vehicles
SGD 2.09mFY 2024-25
+53%2024–2025
246LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jul 2026

Manufacturer of energy storage systems

Energy storage tech
₹12.78 crFY 2024-25
+5%2024–2025
34LinkedIn · Jul 2026
28 yr1998
0none in 3 months

Manufacturer of batteries

Energy storage tech
₹10.39 crFY 2021-22
Not reported
16+0% 12 mo to Feb 2024recorded Feb 2024
28 yr1998
—No postings tracked

Provider of software for electric vehicle charging and energy management

Energy storage tech
₹6.48 crFY 2024-25
+64%2024–2025
47+7% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of battery management system

Energy storage tech
₹5.88 crFY 2024-25
+53%2024–2025
60+85% 12 mo to Sep 2024LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Jun 2026

Power electronics solutions for the clean energy sector

Energy storage tech
₹5.81 crFY 2024-25
+145%2024–2025
41LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Jun 2026
50 of 133 companies shown here · the full list is on Radar
Fliar Radar

Explore all 133 energy storage tech companies in Karnataka 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 Karnataka on Radar
  • Every company, not just 50All 133 energy storage tech companies in Karnataka, 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 Karnataka by what you are looking for

Find energy storage tech companies in Karnataka, from lithium ion battery makers to battery swapping and EV charging providers. You can also look at energy storage startups in Karnataka and companies that are hiring.

7 ways to explore energy storage tech in Karnataka

Lithium ion battery & energy storage system makersBattery management systems & energy managementEV charging & battery swapping companiesHydrogen & renewable energy technology companiesEV components & deep tech energy companiesEnergy storage tech startups in Karnataka

Lithium ion battery & energy storage system makers

Companies making battery cells, packs and stationary energy storage systems.

  1. SUN Mobility

    Provider of battery swapping services for electric vehicles and related infrastructure

    Electric vehicles
    See in list
  2. Log9

    Online platform offering advanced battery technology solutions for electric vehicles

    Energy storage tech
    See in list
  3. Nsure Energy

    Manufacturer of lithium-ion cells, battery modules, and energy storage solutions

    Smart grid
    See in list
  4. Exponent Energy

    Provider of rapid-charging battery, charger, and connector technology for EVs

    Energy storage tech
    See in list
  5. Essgi Infotech

    Provider of energy storage systems and batteries

    Energy storage tech
    See in list

Battery management systems & energy management

Providers of battery management systems and energy management software and hardware.

  1. Sixth Energy Technologies

    AI-enabled IoT platform for infrastructure monitoring and management

    Internet of things infrastructure
    See in list
  2. Nsure Energy

    Manufacturer of lithium-ion cells, battery modules, and energy storage solutions

    Smart grid
    See in list
  3. Fabric IoT

    Provider of data and energy infrastructure for electric vehicle charging

    Iot applications
    See in list
  4. Livaah

    Provider of battery management system

    Energy storage tech
    See in list
  5. Etana Mobility

    Provider of battery management system

    Energy storage tech
    Website

EV charging & battery swapping companies

Electric vehicle charging networks, chargers and battery swapping services.

  1. SUN Mobility

    Provider of battery swapping services for electric vehicles and related infrastructure

    Electric vehicles
    See in list
  2. IPEC

    Platform offering power conversion products and solutions for e-mobility

    Energy storage tech
    See in list
  3. Exponent Energy

    Provider of rapid-charging battery, charger, and connector technology for EVs

    Energy storage tech
    See in list
  4. Kazam

    Platform offering electric vehicle charging and energy management

    Electric vehicles
    See in list
  5. Zeno

    Provider of high-performance electric mobility solutions

    Electric vehicles
    See in list

Hydrogen & renewable energy technology companies

Hydrogen production, storage and clean energy technology developers.

  1. Enerzea Power Solutions

    Provider of clean energy solutions and waste-to-energy technologies

    Energy storage tech
    See in list
  2. Enerzi

    Manufacturer of microwave systems, materials, and hydrogen generation components

    Energy storage tech
    See in list
  3. NewTrace

    Manufacturer of electrolyzers for on-site green hydrogen production across industries

    Energy storage tech
    See in list
  4. Hylan Power One

    Developer of reversible solid oxide technology for hydrogen production and energy storage

    Renewable energy tech
    Website
  5. Hycosys

    Developer of hydrogen combustion systems for power generation and electricity backup

    Energy storage tech
    Website

EV components & deep tech energy companies

Powertrain, auto component and deep tech companies serving electric mobility.

  1. Log9

    Online platform offering advanced battery technology solutions for electric vehicles

    Energy storage tech
    See in list
  2. Emo Energy

    Provider of energy management systems integrating battery technology and charging hardware

    Auto components
    See in list
  3. Entuple E-Mobility

    Developer of electric powertrains, turbo chargers, traction motors, and motor controllers

    Energy storage tech
    See in list
  4. Emflux Motors

    Developer of electric vehicle components, battery management systems, and charging solutions

    Electric vehicles
    See in list
  5. Vimano

    Manufacturer of nanotech membranes for energy storage and fuel cells

    Energy storage tech
    Website

Energy storage tech startups in Karnataka

Newer energy storage companies founded in recent years.

  1. Indofast Energy

    Operator of battery swapping network for electric vehicles and retrofits

    Electric vehicles
    See in list
  2. Fabric IoT

    Provider of data and energy infrastructure for electric vehicle charging

    Iot applications
    See in list
  3. Zeno

    Provider of high-performance electric mobility solutions

    Electric vehicles
    See in list
  4. Emo Energy

    Provider of energy management systems integrating battery technology and charging hardware

    Auto components
    See in list
  5. Dynolt

    Power electronics solutions for the clean energy sector

    Energy storage tech
    See in list
51 companies in Karnataka

Energy storage tech companies hiring in Karnataka

Energy storage companies with open roles right now.

  1. IPEC

    Platform offering power conversion products and solutions for e-mobility

    Energy storage tech
    See in list
  2. Sixth Energy Technologies

    AI-enabled IoT platform for infrastructure monitoring and management

    Internet of things infrastructure
    See in list
  3. Indofast Energy

    Operator of battery swapping network for electric vehicles and retrofits

    Electric vehicles
    See in list
  4. Exponent Energy

    Provider of rapid-charging battery, charger, and connector technology for EVs

    Energy storage tech
    See in list
  5. Zeno

    Provider of high-performance electric mobility solutions

    Electric vehicles
    See in list
16 companies in Karnataka
Mobile reach

Top 10 energy storage tech apps from Karnataka

The most-installed Android apps published by energy storage tech companies headquartered in Karnataka — 897K installs between them. 24 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
1

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
2

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
4

Charzer - EV Charging

by Charzer

Installs54K
Rating—
Last updatedOct 2024
View on Google Play ↗
Charzer - EV Charging screenshot 1Charzer - EV Charging screenshot 2Charzer - EV Charging screenshot 3Charzer - EV Charging screenshot 4Charzer - EV Charging screenshot 5Charzer - EV Charging screenshot 6
5

TelioEV - EV Charging App

by TelioEV

Installs22K
Rating—
Last updatedAug 2024
View on Google Play ↗
TelioEV - EV Charging App screenshot 1TelioEV - EV Charging App screenshot 2TelioEV - EV Charging App screenshot 3TelioEV - EV Charging App screenshot 4TelioEV - EV Charging App screenshot 5TelioEV - EV Charging App screenshot 6
9

Rebolt - EV Charging

by Rebolt

Installs10K
Rating—
Last updatedMar 2026
View on Google Play ↗
Rebolt - EV Charging screenshot 1Rebolt - EV Charging screenshot 2Rebolt - EV Charging screenshot 3Rebolt - EV Charging screenshot 4Rebolt - EV Charging screenshot 5Rebolt - EV Charging screenshot 6
The business behind the activity

Energy storage tech financials in Karnataka

Revenue, profit and growth from the filed annual accounts of 56 energy storage tech companies in Karnataka for FY24-25 — 73 of the 133 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 71% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹894.66 cr

56 companies filing accounts

combined net profit−₹239.82 cr

-26.8% aggregate margin

are profitable36%

20 of 56 companies

median revenue~₹2.4 cr

the typical company

median revenue growth+52%

into FY24-25

earned by the top five71%

revenue concentration

Six-year view

Combined revenue of filing companies

₹156.40 crFY19-2020 filers
₹157.76 crFY20-2129 filers
₹274.24 crFY21-2236 filers
₹853.31 crFY22-2347 filers
₹823.50 crFY23-2458 filers
₹894.66 crFY24-2556 filers

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

Like-for-like

The same 35 companies over three years

+14%
FY22-23₹753.94 cr−₹114.49 cr net
FY23-24₹661.73 cr−₹335.25 cr net
FY24-25₹857.49 cr−₹204.12 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 cr2218% profitable
₹1–10 cr2035% profitable
₹10–100 cr1275% profitable
₹100–1,000 cr20% profitable
Over ₹1,000 cr0—

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

Momentum

How fast revenue moved into FY24-25

Shrinking10
0–20%5
20–50%8
50–100%7
Doubled+18

48 companies with accounts for both years; median growth +52%.

Profitability

Profit is concentrated at the top

20profitable
36loss-making
-26.8%aggregate margin
-28.0%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
PravaigPRAVAIG DYNAMICS PRIVATE LIMITED+521%₹34.34 cr
Emo EnergyMESTIS ENERGY PRIVATE LIMITED+290%₹15.13 cr
KazamKAZAM EV TECH PRIVATE LIMITED+240%₹39.84 cr
Enerzea Power SolutionsENERZEA POWER SOLUTION PRIVATE LIMITED+94%₹16.32 cr
Exponent EnergyEXPONENT ENERGY PRIVATE LIMITED+84%₹44.05 cr
Ultralife Batteries IndiaULTRALIFE BATTERIES INDIA PRIVATE LIMITED+49%₹15.27 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
Ultralife Batteries IndiaULTRALIFE BATTERIES INDIA PRIVATE LIMITED19.1%₹15.27 cr
PravaigPRAVAIG DYNAMICS PRIVATE LIMITED15.8%₹34.34 cr
Nsure EnergyNSURE RELIABLE POWER SOLUTIONS PRIVATE LIMITED6.6%₹69.31 cr
EnerziENERZI MICROWAVE SYSTEMS PRIVATE LIMITED6.5%₹16.30 cr
Suryaa BatteriesSURYAA BATTERIES PRIVATE LIMITED5.9%₹20.94 cr
TruePowerENERCENT TECHNOLOGIES PRIVATE LIMITED3.3%₹13.70 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Electric vehicles14₹423.44 cr~₹1.7 cr36%-25.9%
Energy storage tech36₹326.88 cr~₹2.3 cr33%-38.2%
Leaders

Largest energy storage tech companies by revenue, FY24-25

Company · legal entityRevenueNet resultMarginGrowth
SUN MobilitySun Mobility Private Limited₹334.84 cr−₹92.43 cr-27.6%+17%
IPECIPEC INDIA PRIVATE LIMITED₹129.64 cr−₹7.69 cr-5.9%+41%
Nsure EnergyNSURE RELIABLE POWER SOLUTIONS PRIVATE LIMITED₹69.31 cr₹4.60 cr6.6%-11%
Sixth Energy TechnologiesSIXTH ENERGY TECHNOLOGIES PRIVATE LIMITED₹55.80 cr₹34.49 lakh0.6%+4%
Exponent EnergyEXPONENT ENERGY PRIVATE LIMITED₹44.05 cr−₹64.56 cr-146.5%+84%
KazamKAZAM EV TECH PRIVATE LIMITED₹39.84 cr−₹18.79 cr-47.2%+240%
PravaigPRAVAIG DYNAMICS PRIVATE LIMITED₹34.34 cr₹5.42 cr15.8%+521%
Suryaa BatteriesSURYAA BATTERIES PRIVATE LIMITED₹20.94 cr₹1.23 cr5.9%+49%
Enerzea Power SolutionsENERZEA POWER SOLUTION PRIVATE LIMITED₹16.32 cr₹28.38 lakh1.7%+94%
EnerziENERZI MICROWAVE SYSTEMS PRIVATE LIMITED₹16.30 cr₹1.06 cr6.5%+9%
Some figures are available to Radar members.Log in to Radar to see every figure

Standalone annual accounts filed with the Ministry of Corporate Affairs. Brands that share one legal entity are shown together and counted once.

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 Karnataka compares. Debt, IPO and grant rounds are excluded.

equity rounds, last 12 months21

US$93.00m

equity rounds, last 24 months83

US$295.22m

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 Karnataka

38 energy storage tech companies in Karnataka have recorded equity funding, US$368.74m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Karnataka

Meet the people behind energy storage tech companies in Karnataka. 100 of 133 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Karnataka energy storage tech companies by sub-sector

The most common specialisations among energy storage tech companies in Karnataka. 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.

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