Offgrid Energy Labs, a Noida-based deep tech startup specializing in alternative battery technology, has successfully raised $15 million in its Series A funding round. The investment was led by Archean Chemicals Industries Ltd, with existing investor Ankur Capital also participating. This significant capital injection follows a previous seed round led by Shell Ventures, marking a crucial step in the company's growth trajectory.

The newly secured funds are earmarked for several strategic initiatives aimed at scaling up Offgrid Energy Labs' operations and commercializing its innovative technology. Key plans include establishing a 10 MWh demo manufacturing facility in the UK, which will serve as a crucial step towards large-scale production. Additionally, the funding will fuel continued research and development efforts for next-generation stationary energy storage solutions. A major focus will also be on the commercialization of its patented ZincGel batteries, which involves obtaining necessary certifications, conducting thorough testing, and finalizing the blueprint for a future giga-factory.

Co-founded in 2018 at SIICIIT Kanpur by Tejas Kusurkar, Rishi Srivastava, Brindan Tulachan, and Ankur Agarwal, Offgrid Energy Labs is dedicated to advancing zinc bromine gel battery technology. The company leverages robust zinc chemistry, common, non-toxic materials, and a flexible ZincGel platform tailored to meet diverse energy storage requirements. Its intellectual property portfolio boasts over 25 IP families and more than 50 IP assets spanning chemistry, materials, and design, underscoring its deep technological foundation.

The company's latest funding round comes at a pertinent time, aligning with the Indian government's aggressive push for energy storage solutions. The government has already rolled out viability gap funding (VGF) schemes worth ₹3,700 crore to support 13.2 GWh of Battery Energy Storage System (BESS) projects and plans an additional ₹5,400 crore to facilitate another 30 GWh. This makes reliable storage solutions like Offgrid's critical for ensuring grid stability, enabling the integration of renewable energy sources, and positioning India as a leader in the global energy storage market.

Rishi Srivastava, Co-Founder of Offgrid Energy Labs, emphasized the importance of this Series A round, stating that it represents a critical milestone enabling the company to transition from lab innovation to large-scale commercialization through its UK demo facility, with plans for a GW-scale plant in India soon. Ranjit Pendurthi, Promoter and Managing Director of Archean Chemical Industries Limited (ACIL), expressed strong confidence in Offgrid’s deep-tech approach, highlighting their collaborative effort to build not just a new energy storage solution but a scalable platform essential for the global clean energy transition. With the backing of investors like Shell Ventures, Ankur Capital, and Archean Chemicals Ltd, Offgrid is setting new standards in clean battery technology and paving the way for a renewable-first energy infrastructure.