AmpereHour Energy Raises $5M in Series A Funding Led by Avaana Capital

AmpereHour Energy, a Mumbai-based energy storage startup, has raised $5 million in funding led by Avaana Capital, with participation from UC Impower and angel investors. Founded in 2017 by Ayush Misra, Rahul Shelke, Harshal Thakur, and Neehar Jathar, the company develops battery energy storage systems (BESS) that help businesses and power grids store and manage electricity efficiently.?

It’s ELINA Energy Management Software optimises battery performance for renewable energy, backup power, and grid stability. With major clients like Amazon and Siemens, the startup plans to expand manufacturing, enhance R&D, and scale operations globally with this fresh investment.

Highlight

• What is AmpereHour Energy?
• Why is This Funding Significant?
• How Will the Funds Be Used?
• Founders’ Perspective
• Key Takeaways
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What is AmpereHour Energy?

AmpereHour Energy is a Mumbai-based energy storage startup that develops Battery Energy Storage Systems (BESS) to help businesses and power grids efficiently store and manage electricity. Founded in 2017 by IIT Bombay alumni Ayush Misra, Rahul Shelke, Harshal Thakur, and Neehar Jathar, the company specialises in modular and scalable energy storage solutions.?

Its proprietary ELINA Energy Management Software optimises battery performance, making energy storage more efficient and adaptable for various applications, including renewable energy integration, backup power, and grid stability. AmpereHour Energy also provides turnkey engineering, procurement, and construction (EPC) services to ensure seamless project execution.?

The company has built a strong client base, serving major organizations like Amazon, Siemens, Coca-Cola, and Indigrid, and has deployed projects across more than 50 locations. With recent funding of $5 million, the startup aims to expand its manufacturing capabilities, enhance research and development, and scale operations globally, with ongoing projects in India, Oman, Nigeria, Belgium, and the UAE.

Why is This Funding Significant?

This funding is significant because it will help AmpereHour Energy scale its operations, enhance its technology, and expand globally in the fast-growing energy storage industry. With $5 million raised from Avaana Capital, UC Impower, and angel investors, the company can increase its manufacturing capacity, improve its proprietary ELINA Energy Management Software, and boost research and development efforts.

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