AmpereHour Energy secures $5 million in series A funding led by Avaana Capital

The latest investment will fuel AmpereHour Energy’s expansion efforts, enabling the company to accelerate the deployment of its innovative battery energy storage solutions, enhance manufacturing capabilities, diversify its product offerings, and strengthen research and development.

Founded in 2017 by IIT Bombay alumni and power sector experts Ayush Misra, Rahul Shelke, Harshal Thakur, and Neehar Jathar, AmpereHour Energy specialises in modular, scalable, and software-driven Battery Energy Storage Systems (BESS). With over 1,000 MWh of global ESS project experience across more than 50 BESS sites, the company has established a strong presence in the energy sector.

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The company’s proprietary ELINA Energy Management Software plays a key role in optimizing battery performance, allowing flexible energy storage solutions for applications ranging from utility-scale projects to commercial and industrial installations. AmpereHour Energy also offers turnkey EPC services, ensuring seamless integration and long-term reliability for its clients.

Among its existing customers are Indigrid, Cummins, Siemens, Coca-Cola, Amazon, Yellow Door (UAE), and BRPL, reflecting its growing market reach and credibility in the energy storage industry.

With this fresh capital infusion, AmpereHour Energy aims to scale operations, drive innovation, and contribute to the evolving energy storage landscape in India and beyond.

“It is a really exciting time to be a battery storage provider” said Ayush Misra, Co-Founder and CEO, AmpereHour Energy. “We are in the early stages of a fundamental change in energy infrastructure globally and battery energy storage is a key enabler to this transition. The global advanced energy storage systems market is growing exponentially and India is poised to become a major hub for this industry. We, at AmpereHour Energy are thrilled to be one of the pioneers of this technological innovation”.

 “As the world transitions to renewable energy, energy storage is becoming an increasingly critical part of the power value chain. The inherently intermittent nature of solar and wind energy, along with the mismatch in time of energy generation and consumption demands a buffer that can store and dispatch energy on demand,” Anjali Bansal, Founding Partner, Avaana Capital said.