Company lists
The Mumbai edition · 2026

Energy storage techcompanies in Mumbai

Batteries, EV charging, renewable & hydrogen, nano & materials, chargers & BMS and more: the companies building energy storage tech in Mumbai, Maharashtra, with their founders, funding, team size and business models.

67 company profiles37 with reported revenue12 with recorded fundingOctober 2026 edition
Mumbai · 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 · 49 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
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
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
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’.

Funding

Magenta mobility

Electric mobility startup Magenta Mobility, backed by bp Ventures and Morgan Stanley, has launched a process to raise up to $50 million, enlisting Kotak Mahindra Capital to manage the…

Electric mobility

Energy storage tech companies in Mumbai, by revenue

Browse energy storage tech companies in Mumbai by reported revenue, one-year revenue growth, revenue model, age and stage. The 37 companies below are the largest by their most recent reported revenue among 37 energy storage tech companies in Mumbai, 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 37

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
1,970-11% 12 mo to Apr 2024LinkedIn · Oct 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

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
124+60% 12 mo to Sep 2024LinkedIn · Oct 2026
8 yr2018
0none in 3 months

Provider of electric vehicle fleets and charging infrastructure management services

Logistics tech
₹83.07 crFY 2024-25
+89%2024–2025
368+3% 12 mo to Sep 2024LinkedIn · Oct 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

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

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

Manufacturer of lithium batteries and solutions for various applications

Energy storage tech
₹9.41 crFY 2024-25
+41%2024–2025
29LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Provider of graphite carbon products

Energy storage tech
₹4.43 crFY 2024-25
+51%2024–2025
58+61% 12 mo to Sep 2024LinkedIn · Jul 2026
10 yr2016
0none in 3 months

Platform offering for electric vehicle charger management

Electric vehicles
₹3.91 crFY 2024-25
Not reported
22LinkedIn · Jul 2026
6 yr2020
0none in 3 months · last posted Jun 2026

Provider of SaaS-driven station management solutions for EV charging stations

Energy storage tech
₹3.69 crFY 2024-25
+2%2024–2025
24LinkedIn · Jul 2026
4 yr2022
0none in 3 months

Provider of sustainable energy solutions

Energy storage tech
₹2.44 crFY 2024-25
Not reported
3LinkedIn · Jul 2026
7 yr2019
0none in 3 months

Smart electric vehicle charging solutions provider

Energy storage tech
₹1.60 crFY 2023-24
Not reported
18LinkedIn · Jul 2026
21 yr2005
0none in 3 months

Subscription-based online rental platform for power banks

Energy storage tech
₹1.60 crFY 2024-25
+180%2024–2025
12-88% 12 mo to Mar 2021LinkedIn · Jul 2026
8 yr2018
0none in 3 months

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

Water and wastewater management tech
₹1.01 crFY 2024-25
-32%2024–2025
45+72% 12 mo to Sep 2024LinkedIn · Jul 2026
9 yr2017
0none in 3 months · last posted Jun 2026

Manufacturer of protective nano coatings for solar energy panel surfaces

Renewable energy tech
₹94.47 lakhFY 2024-25
+146%2024–2025
13LinkedIn · Jul 2026
4 yr2022
0none in 3 months

EV charging solutions for businesses

Energy storage tech
₹84.37 lakhFY 2024-25
+846%2024–2025
6LinkedIn · Jul 2026
4 yr2022
0none in 3 months · last posted Jun 2026

EV charger manufacturers and solution providers

Electric vehicles
₹80.13 lakhFY 2024-25
+19%2024–2025
—Not available
8 yr2018
0none in 3 months

Manufacturer of AC and DC electric vehicle chargers and associated software

Electric vehicles
₹59.90 lakhFY 2024-25
+22152%2024–2025
—Not available
5 yr2021
1postings · last posted Sep 2026

Provider of electric vehicle charging solutions

Energy storage tech
₹59.77 lakhFY 2024-25
-17%2024–2025
—Not available
9 yr2017
0none in 3 months

Developer of electric vehicle charging infrastructure

Electric vehicles
₹54.09 lakhFY 2024-25
-8%2024–2025
—Not available
4 yr2022
0none in 3 months

Blog site focused on multiple topics

Energy storage tech
₹47.15 lakhFY 2024-25
+3109%2024–2025
—Not available
4 yr2022
0none in 3 months
37 of 67 companies shown here · the full list is on Radar
Fliar Radar

Explore all 67 energy storage tech companies in Mumbai on Radar

This page shows the top 37. Radar has the complete, filterable list with contacts and live company signals.

Open energy storage tech in Mumbai on Radar
  • Every company, not just 50All 67 energy storage tech companies in Mumbai, 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 Mumbai by what you are looking for

Browse the top energy storage tech companies in Mumbai, from lithium-ion battery manufacturers to EV charging networks and hydrogen solutions. Find energy storage startups in Mumbai, listed companies and those hiring.

7 ways to explore energy storage tech in Mumbai

Battery manufacturers & energy storage systemsEV charging & electric vehicle companiesRenewable energy & hydrogen technologyNanotechnology & advanced battery materialsBattery packs, chargers & management systemsEnergy storage startups in Mumbai

Battery manufacturers & energy storage systems

Lithium-ion and other battery makers and energy storage system providers.

  1. Jio-bp

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

    Oil & gas downstream
    See in list
  2. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
  3. Battrixx

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

    Energy storage tech
    See in list
  4. Rocket Batteries

    Manufacturer of batteries

    Energy storage tech
    See in list
  5. Neuron Energy

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

    Energy storage tech
    See in list

EV charging & electric vehicle companies

Electric vehicle charging stations, chargers and EV battery solutions.

  1. Jio-bp

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

    Oil & gas downstream
    See in list
  2. Apple Energy

    Provider of batteries and chargers

    Electric vehicles
    See in list
  3. Pulse Energy

    Platform offering for electric vehicle charger management

    Electric vehicles
    See in list
  4. Bijlify

    Provider of SaaS-driven station management solutions for EV charging stations

    Energy storage tech
    See in list
  5. PlugO

    Subscription-based online rental platform for power banks

    Energy storage tech
    See in list

Renewable energy & hydrogen technology

Solar, green hydrogen and fuel cell developers.

  1. Sterling and Wilson

    Developer of energy storage systems

    Solar energy
    See in list
  2. Ossus

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

    Water and wastewater management tech
    See in list
  3. TriNANO

    Manufacturer of protective nano coatings for solar energy panel surfaces

    Renewable energy tech
    See in list
  4. Bharat Alt Fuel

    Provider of turnkey solar EPC solutions and electric vehicle infrastructure

    Electric vehicles
    See in list
  5. Helixlrplus

    Hydrogen energy generation solutions

    Energy storage tech
    Website

Nanotechnology & advanced battery materials

Nano coatings, graphite and advanced materials for fast-charging batteries.

  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
    See in list
  3. Gegadyne Energy

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

    Energy storage tech
    See in list

Battery packs, chargers & management systems

Battery packs, power banks, chargers and battery management systems.

  1. Battrixx

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

    Energy storage tech
    See in list
  2. Neuron Energy

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

    Energy storage tech
    See in list
  3. Magenta

    Provider of electric vehicle fleets and charging infrastructure management services

    Logistics tech
    See in list
  4. Apple Energy

    Provider of batteries and chargers

    Electric vehicles
    See in list
  5. EAMPL

    Provider of graphite carbon products

    Energy storage tech
    See in list

Energy storage startups in Mumbai

Newer energy storage tech companies in Mumbai founded in the last few years.

  1. Powertronics Corporate Solution

    Manufacturer of energy storage systems

    Energy storage tech
    See in list
  2. An3Tech

    Manufacturer of lithium batteries and solutions for various applications

    Energy storage tech
    See in list
  3. TriNANO

    Manufacturer of protective nano coatings for solar energy panel surfaces

    Renewable energy tech
    See in list
  4. KlickWatt

    EV charging solutions for businesses

    Energy storage tech
    See in list
  5. SCharge

    Manufacturer of AC and DC electric vehicle chargers and associated software

    Electric vehicles
    See in list
21 companies in Mumbai

Energy storage tech companies hiring in Mumbai

Energy storage tech companies in Mumbai that currently have open roles.

  1. Jio-bp

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

    Oil & gas downstream
    See in list
  2. Pulse Energy

    Platform offering for electric vehicle charger management

    Electric vehicles
    See in list
  3. Ossus

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

    Water and wastewater management tech
    See in list
  4. KlickWatt

    EV charging solutions for businesses

    Energy storage tech
    See in list
  5. SCharge

    Manufacturer of AC and DC electric vehicle chargers and associated software

    Electric vehicles
    See in list
7 companies in Mumbai
Mobile reach

Top 10 energy storage tech apps from Mumbai

The most-installed Android apps published by energy storage tech companies headquartered in Mumbai — 288K installs between them. 11 companies on this page publish at least one app; each company (legal entity) appears once, with its most-installed app.

1 of 10
2

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
3

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

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
9

Jolt Install Partner

by BrightBlu

Installs654
Rating—
Last updatedMay 2026
View on Google Play ↗
Jolt Install Partner screenshot 1Jolt Install Partner screenshot 2Jolt Install Partner screenshot 3Jolt Install Partner screenshot 4Jolt Install Partner screenshot 5Jolt Install Partner screenshot 6
The business behind the activity

Energy storage tech financials in Mumbai

Revenue, profit and growth from the filed annual accounts of 36 energy storage tech companies in Mumbai, Maharashtra for FY24-25 — 39 of the 67 companies on this page file accounts with the Ministry of Corporate Affairs. The five largest earn 97% of the revenue, so medians describe the typical company better than totals.

combined revenue, FY24-25₹6,544.68 cr

36 companies filing accounts

combined net profit₹245.96 cr

3.8% aggregate margin

are profitable33%

12 of 36 companies

median revenue~₹87 lakh

the typical company

median revenue growth+41%

into FY24-25

earned by the top five97%

revenue concentration

Six-year view

Combined revenue of filing companies

₹5,224.90 crFY19-2012 filers
₹3,662.33 crFY20-2114 filers
₹4,069.07 crFY21-2216 filers
₹2,525.09 crFY22-2327 filers
₹3,889.37 crFY23-2430 filers
₹6,544.68 crFY24-2536 filers

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

Like-for-like

The same 24 companies over three years

+154%
FY22-23₹2,524.33 cr−₹390.04 cr net
FY23-24₹3,812.94 cr₹12.63 cr net
FY24-25₹6,404.89 cr₹250.42 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 cr1911% profitable
₹1–10 cr838% profitable
₹10–100 cr560% profitable
₹100–1,000 cr3100% 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

Shrinking9
0–20%4
20–50%2
50–100%3
Doubled+11

29 companies with accounts for both years; median growth +41%.

Profitability

Profit is concentrated at the top

12profitable
23loss-making
3.8%aggregate margin
-52.3%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
Powertronics Corporate SolutionPOWERTRONICS CORPORATE SOLUTION PRIVATE LIMITED+158%₹28.14 cr
Rocket BatteriesROCKET BATTERIES INDIA PRIVATE LIMITED+156%₹108.00 cr
MagentaMAGENTA EV SOLUTIONS PRIVATE LIMITED+92%₹82.76 cr
Sterling and WilsonSTERLING AND WILSON RENEWABLE ENERGY LIMITED+88%₹5,592.38 cr
Neuron EnergyNEURON ENERGY PRIVATE LIMITED+68%₹106.54 cr
Apple EnergyAPPLE ENERGY PRIVATE LIMITED+6%₹14.89 cr
Profit leaders · ₹10 cr+ revenue

Highest net margins, FY24-25

CompanyMarginRevenue
BattrixxKABRA EXTRUSION TECHNIK LTD6.9%₹489.83 cr
Sterling and WilsonSTERLING AND WILSON RENEWABLE ENERGY LIMITED5.7%₹5,592.38 cr
Apple EnergyAPPLE ENERGY PRIVATE LIMITED1.3%₹14.89 cr
Powertronics Corporate SolutionPOWERTRONICS CORPORATE SOLUTION PRIVATE LIMITED1.1%₹28.14 cr
AkariMILESTONE EXIMP PRIVATE LIMITED0.8%₹75.14 cr
Rocket BatteriesROCKET BATTERIES INDIA PRIVATE LIMITED0.7%₹108.00 cr
Inside the industry

Sub-sectors compared, FY24-25

Sub-sectorCompaniesRevenueMedian revenueProfitableMargin
Energy storage tech17₹827.53 cr~₹1.6 cr41%1.3%
Electric vehicles13₹29.59 cr~₹50 lakh31%-26.7%
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%
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%
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%
Powertronics Corporate SolutionPOWERTRONICS CORPORATE SOLUTION PRIVATE LIMITED₹28.14 cr₹30.82 lakh1.1%+158%
Apple EnergyAPPLE ENERGY PRIVATE LIMITED₹14.89 cr₹19.96 lakh1.3%+6%
WaareeWAAREE TECHNOLOGIES LIMITED₹10.45 cr−₹5.65 cr-54.1%-64%
An3TechAN3 TECHNO POWER LIMITED₹9.41 cr−₹1.92 cr-20.4%+41%
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.

Industry landscape report

AdTech Industry Landscape of Mumbai

The financials above are one chapter. The full energy storage tech landscape of Mumbai 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 Mumbai
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 Mumbai 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 Mumbai

12 energy storage tech companies in Mumbai have recorded equity funding, US$80.97m in total. Totals and round dates describe the historical record; they are not current valuations.

Founders and momentum in Mumbai

Meet the people behind energy storage tech companies in Mumbai. 48 of 67 companies list founders or leaders; where a public LinkedIn profile matches exactly, the expanded profile shows the photo, headline, location and education.

Explore Mumbai energy storage tech companies by sub-sector

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