Company lists
The Maharashtra edition · 2026

Energy storage techcompanies in Maharashtra

Batteries, EV charging, hydrogen, solar, advanced materials and more: the companies building energy storage tech in Maharashtra, with their founders, funding, team size and business models.

167 company profiles98 with reported revenue23 with recorded fundingOctober 2026 edition
Maharashtra · 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 · 53 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 Maharashtra, by revenue

Browse energy storage tech companies in Maharashtra 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 98 energy storage tech companies in Maharashtra 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
3postings · last posted Sep 2026

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

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

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

Manufacturer of batteries

Energy storage tech
₹108.00 crFY 2024-25
+156%2024–2025
—Not available
16 yr2010
0none in 3 months

Manufacturer of lithium-ion batteries for electric vehicles and energy storage

Energy storage tech
₹106.54 crFY 2024-25
+68%2024–2025
117+60% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of lithium-ion battery and energy storage solutions

Electric vehicles
₹105.26 crFY 2024-25
+429%2024–2025
193+84% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months

Provider of energy storage systems and energy management platform solutions

Renewable energy tech
₹83.91 crFY 2024-25
Not reported
111+33% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Provider of electric vehicle fleets and charging infrastructure management services

Logistics tech
₹83.07 crFY 2024-25
+89%2024–2025
365+3% 12 mo to Sep 2024LinkedIn · Jul 2026
8 yr2018
0none in 3 months · last posted Jun 2026

Manufacturer of batteries

Energy storage tech
₹75.14 crFY 2024-25
+0%2024–2025
—Not available
18 yr2008
0none in 3 months

Provider of electric vehicle charging solutions

Energy storage tech
₹70.53 crFY 2024-25
+1%2024–2025
1-2% 12 mo to Sep 2024LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Manufacturer of energy storage systems

Energy storage tech
₹54.44 crFY 2021-22
Not reported
—Not available
15 yr2011
0none in 3 months

Manufacturer of capacitors

Energy storage tech
₹41.61 crFY 2024-25
+34%2024–2025
—Not available
32 yr1994
0none in 3 months

Provider of hybrid-liquid hydrogen storage solutions

Energy storage tech
₹38.95 crFY 2024-25
+22%2024–2025
—Not available
3 yr2023
0none in 3 months

Provider of batteries and battery-related services for electric power applications

Energy storage tech
₹32.17 crFY 2024-25
+38%2024–2025
—Not available
4 yr2022
0none in 3 months

Provider of battery swapping for electric two- and three-wheelers to support urban mobility

Energy storage tech
₹30.92 crFY 2024-25
Not reported
110LinkedIn · Jul 2026
7 yr2019
0none in 3 months · last posted Jul 2025

Venture capital firm focused on early-stage companies

Venture capital funds
₹28.90 crFY 2023-24
Not reported
44-16% 12 mo to Sep 2024LinkedIn · Jul 2026
37 yr1989
—No postings tracked

Manufacturer of energy storage systems

Energy storage tech
₹28.14 crFY 2024-25
+158%2024–2025
—Not available
4 yr2022
0none in 3 months

Manufacturer of energy storage devices

Energy storage tech
₹27.66 crFY 2024-25
+3%2024–2025
54LinkedIn · Jul 2026
37 yr1989
0none in 3 months

Manufacturer of UPS and solar power electronics

Energy storage tech
₹26.49 crFY 2024-25
+11%2024–2025
90LinkedIn · Jul 2026
37 yr1989
4postings · last posted Sep 2026

Manufacturer of battery components

Energy storage tech
₹24.18 crFY 2024-25
+49%2024–2025
11+38% 12 mo to Mar 2024recorded Mar 2024
15 yr2011
0none in 3 months

Manufacturer of electric vehicle charging products and related accessories

Electric vehicles
₹18.14 crFY 2024-25
+804%2024–2025
2LinkedIn · Jul 2026
9 yr2017
0none in 3 months

Manufacturer of energy storage systems

Energy storage tech
₹15.83 crFY 2021-22
Not reported
29+0% 12 mo to Feb 2024recorded Feb 2024
34 yr1992
0none in 3 months · last posted Jun 2026

Manufacturer of lithium-ion batteries

Energy storage tech
₹16.65 crFY 2024-25
+9%2024–2025
26LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Provider of batteries and chargers

Electric vehicles
₹14.89 crFY 2024-25
+6%2024–2025
36+46% 12 mo to Mar 2024LinkedIn · Jul 2026
17 yr2009
0none in 3 months
50 of 167 companies shown here · the full list is on Radar
Fliar Radar

Explore all 167 energy storage tech companies in Maharashtra 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 Maharashtra on Radar
  • Every company, not just 50All 167 energy storage tech companies in Maharashtra, 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 Maharashtra by what you are looking for

Find energy storage companies in Maharashtra, including battery makers, charging networks and hydrogen players. Browse energy storage startups in Maharashtra and see who is hiring.

7 ways to explore energy storage tech in Maharashtra

Battery & lithium-ion storage manufacturersElectric vehicle charging & battery swapping companiesHydrogen & fuel cell technology companiesSolar & renewable energy storage solutionsNanotech & advanced energy materials companiesEnergy storage startups in Maharashtra

Battery & lithium-ion storage manufacturers

Makers of lithium-ion and other battery packs and energy storage systems.

  1. Battrixx

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

    Energy storage tech
    See in list
  2. Rocket Batteries

    Manufacturer of batteries

    Energy storage tech
    See in list
  3. Neuron Energy

    Manufacturer of lithium-ion batteries for electric vehicles and energy storage

    Energy storage tech
    See in list
  4. Amperehour Solar Technology

    Provider of energy storage systems and energy management platform solutions

    Renewable energy tech
    See in list
  5. Akari

    Manufacturer of batteries

    Energy storage tech
    See in list

Electric vehicle charging & battery swapping companies

Charging station operators and providers of EV charging solutions.

  1. Magenta

    Provider of electric vehicle fleets and charging infrastructure management services

    Logistics tech
    See in list
  2. VoltUp

    Provider of battery swapping for electric two- and three-wheelers to support urban mobility

    Energy storage tech
    See in list
  3. Apple Energy

    Provider of batteries and chargers

    Electric vehicles
    See in list
  4. Eeevv

    Provider and operator of charging stations and networks for EVs

    Energy storage tech
    See in list
  5. Ioemas

    Provider of electric vehicle chargers

    Electric vehicles
    See in list

Hydrogen & fuel cell technology companies

Developers of green hydrogen production, storage and fuel cells.

  1. SATARA CRYO

    Provider of hybrid-liquid hydrogen storage solutions

    Energy storage tech
    See in list
  2. n3e

    Integrated solutions for green hydrogen

    Energy storage tech
    See in list
  3. homiHydrogen

    Manufacturer of electrolyzers for green hydrogen

    Energy storage tech
    Website
  4. Ossus

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

    Water and wastewater management tech
    Website
  5. Prasah

    Provider of environmental research services

    Environment research and training services
    Website

Solar & renewable energy storage solutions

Solar inverter, panel and renewable energy system providers.

  1. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
  2. Amperehour Solar Technology

    Provider of energy storage systems and energy management platform solutions

    Renewable energy tech
    See in list
  3. Sunsathi Solar

    Manufacturer of on-grid solar inverters

    Energy storage tech
    See in list
  4. Dabun

    Manufacturer and supplier of solar inverter solutions

    Energy storage tech
    See in list
  5. TriNANO

    Manufacturer of protective nano coatings for solar energy panel surfaces

    Renewable energy tech
    Website

Nanotech & advanced energy materials companies

Companies working on nano coatings, electrodes and new battery chemistries.

  1. EAMPL

    Provider of graphite carbon products

    Energy storage tech
    See in list
  2. TriNANO

    Manufacturer of protective nano coatings for solar energy panel surfaces

    Renewable energy tech
    Website
  3. Gegadyne Energy

    Developer of fast-charging battery technology for electric vehicles and grid storage

    Energy storage tech
    Website
  4. omnificent technologies

    Omnificent Technologies is a lithium-ion battery solutions manufacturer.

    Energy storage tech
    Website
  5. Magnewin Energy

    Manufacturer of capacitors

    Energy storage tech
    See in list

Energy storage startups in Maharashtra

Newer energy storage companies founded in recent years.

  1. SATARA CRYO

    Provider of hybrid-liquid hydrogen storage solutions

    Energy storage tech
    See in list
  2. LBG POWER PRIVATE LIMITED

    Provider of batteries and battery-related services for electric power applications

    Energy storage tech
    See in list
  3. Powertronics Corporate Solution

    Manufacturer of energy storage systems

    Energy storage tech
    See in list
  4. Sunsathi Solar

    Manufacturer of on-grid solar inverters

    Energy storage tech
    See in list
  5. Ascend Power packs

    Manufacturer of lithium-ion based battery packs for electric vehicles

    Energy storage tech
    See in list
47 companies in Maharashtra

Energy storage tech companies hiring in Maharashtra

Energy storage companies with open roles right now.

  1. Jio-bp

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

    Oil & gas downstream
    See in list
  2. VoltUp

    Provider of battery swapping for electric two- and three-wheelers to support urban mobility

    Energy storage tech
    See in list
  3. Enertech UPS

    Manufacturer of UPS and solar power electronics

    Energy storage tech
    See in list
  4. Nuteck Power Equipments

    Manufacturer of energy storage systems

    Energy storage tech
    See in list
  5. Pulse Energy

    Platform offering for electric vehicle charger management

    Electric vehicles
    See in list
11 companies in Maharashtra
Mobile reach

Top 10 energy storage tech apps from Maharashtra

The most-installed Android apps published by energy storage tech companies headquartered in Maharashtra — 393K 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
3

MyJio-bp

by Jio-bp

Installs61K
Rating—
Last updatedMay 2026
View on Google Play ↗
MyJio-bp screenshot 1MyJio-bp screenshot 2MyJio-bp screenshot 3MyJio-bp screenshot 4MyJio-bp screenshot 5MyJio-bp screenshot 6
4

Bijlify EV Charging

by Bijlify

Installs33K
Rating—
Last updatedFeb 2026
View on Google Play ↗
Bijlify EV Charging screenshot 1Bijlify EV Charging screenshot 2Bijlify EV Charging screenshot 3Bijlify EV Charging screenshot 4Bijlify EV Charging screenshot 5Bijlify EV Charging screenshot 6
6

goME - EV Charging Network

by goEgo

Installs23K
Rating—
Last updatedMay 2026
View on Google Play ↗
goME - EV Charging Network screenshot 1goME - EV Charging Network screenshot 2goME - EV Charging Network screenshot 3goME - EV Charging Network screenshot 4goME - EV Charging Network screenshot 5goME - EV Charging Network screenshot 6
10

EVJoints: EV Trip Planner

by EVJoints

Installs12K
Rating—
Last updatedJan 2026
View on Google Play ↗
EVJoints: EV Trip Planner screenshot 1EVJoints: EV Trip Planner screenshot 2EVJoints: EV Trip Planner screenshot 3EVJoints: EV Trip Planner screenshot 4EVJoints: EV Trip Planner screenshot 5EVJoints: EV Trip Planner screenshot 6
The business behind the activity

Energy storage tech financials in Maharashtra

Revenue, profit and growth from the filed annual accounts of 89 energy storage tech companies in Maharashtra for FY24-25 — 102 of the 167 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 88% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹7,347.69 cr

89 companies filing accounts

combined net profit₹241.41 cr

3.3% aggregate margin

are profitable46%

41 of 89 companies

median revenue~₹2.3 cr

the typical company

median revenue growth+33%

into FY24-25

earned by the top five88%

revenue concentration

Six-year view

Combined revenue of filing companies

₹5,365.71 crFY19-2031 filers
₹3,813.87 crFY20-2141 filers
₹4,295.32 crFY21-2248 filers
₹2,862.77 crFY22-2367 filers
₹4,461.91 crFY23-2480 filers
₹7,347.69 crFY24-2589 filers

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

Like-for-like

The same 59 companies over three years

+149%
FY22-23₹2,847.10 cr−₹420.70 cr net
FY23-24₹4,336.12 cr₹13.29 cr net
FY24-25₹7,081.23 cr₹247.59 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 cr329% profitable
₹1–10 cr3361% profitable
₹10–100 cr1878% profitable
₹100–1,000 cr560% profitable
Over ₹1,000 cr1100% profitable

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

Momentum

How fast revenue moved into FY24-25

Shrinking19
0–20%11
20–50%14
50–100%7
Doubled+23

74 companies with accounts for both years; median growth +33%.

Profitability

Profit is concentrated at the top

41profitable
47loss-making
3.3%aggregate margin
-1.5%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
REPLUS EngitechREPLUS ENGITECH PRIVATE LIMITED+429%₹105.26 cr
Amperehour Solar TechnologyAMPEREHOUR SOLAR TECHNOLOGY PRIVATE LIMITED+285%₹83.91 cr
VoltUpAMPUP ENERGY PRIVATE LIMITED+193%₹30.92 cr
Powertronics Corporate SolutionPOWERTRONICS CORPORATE SOLUTION PRIVATE LIMITED+158%₹28.14 cr
Rocket BatteriesROCKET BATTERIES INDIA PRIVATE LIMITED+156%₹108.00 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
SATARA CRYOSATARA ENGINEERING PROJECTS AND EQUIPMENTS PRIVATE LIMITED16.7%₹38.95 cr
Magnewin EnergyMAGNEWIN ENERGY PRIVATE LIMITED15.3%₹41.61 cr
Nuteck Power EquipmentsNUTECK POWER EQUIPMENTS PRIVATE LIMITED8.0%₹22.09 cr
BattrixxKABRA EXTRUSION TECHNIK LTD6.9%₹489.83 cr
Amperehour Solar TechnologyAMPEREHOUR SOLAR TECHNOLOGY PRIVATE LIMITED6.9%₹83.91 cr
Sterling and WilsonSTERLING AND WILSON RENEWABLE ENERGY LIMITED5.7%₹5,592.38 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Energy storage tech52₹1,261.79 cr~₹3.1 cr60%2.0%
Electric vehicles25₹307.42 cr~₹68 lakh28%-10.2%
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%
BattrixxKABRA EXTRUSION TECHNIK LTD₹489.83 cr₹33.87 cr6.9%-20%
Blue Energy MotorsBLUE ENERGY MOTORS LIMITED₹141.87 cr−₹13.65 cr-9.6%-8%
Rocket BatteriesROCKET BATTERIES INDIA PRIVATE LIMITED₹108.00 cr₹77.17 lakh0.7%+156%
Neuron EnergyNEURON ENERGY PRIVATE LIMITED₹106.54 cr₹76.07 lakh0.7%+68%
REPLUS EngitechREPLUS ENGITECH PRIVATE LIMITED₹105.26 cr−₹5.49 cr-5.2%+429%
Amperehour Solar TechnologyAMPEREHOUR SOLAR TECHNOLOGY PRIVATE LIMITED₹83.91 cr₹5.79 cr6.9%+285%
MagentaMAGENTA EV SOLUTIONS PRIVATE LIMITED₹82.76 cr−₹63.12 cr-76.3%+92%
AkariMILESTONE EXIMP PRIVATE LIMITED₹75.14 cr₹59.02 lakh0.8%+0%
BharatPlugVIRTUOSO PROJECTS & ENGINEERS PRIVATE LIMITED₹70.53 cr₹3.35 cr4.7%+1%
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 Maharashtra 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 Maharashtra

23 energy storage tech companies in Maharashtra have recorded equity funding, US$157.21m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Maharashtra

Meet the people behind energy storage tech companies in Maharashtra. 112 of 167 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Maharashtra energy storage tech companies by sub-sector

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