Offgrid Energy Labs secures $15 million Series A funding

Offgrid Energy Labs, a battery innovation company, has raised $15 million in Series A funding led by Archean Chemicals Industries Ltd with participation from existing investor Ankur Capital. The company had earlier raised a seed round from Shell Ventures.The funds will be used to establish a 10 MWh demonstration manufacturing facility in the United Kingdom, advance its research and development pipeline for stationary energy storage, and commercialise its patented ZincGel® batteries through certification and testing. Offgrid also intends to prepare a blueprint for a giga-factory.Offgrid Energy Labs, co-founded in 2018 at SIIC-IIT Kanpur, develops stationary energy storage solutions for peak shifting, industrial electricity use, and decentralised off-grid systems. The company holds more than 25 intellectual property families across India, the US, UK, and EU, with a focus on electrodes, electrolytes, and design.India has set a target of 500 GW of non-fossil fuel capacity by 2030. The India Energy Storage Alliance estimates the sector could attract ₹4.79 lakh crore in investments by 2032, requiring more than 411 GWh of storage capacity, of which 236 GWh would come from battery energy storage systems.Rishi Srivastava, Co-Founder of Offgrid Energy Labs, said: “Stationary storage is no longer a distant requirement as India alone will need over 236 GWh of battery energy storage systems by 2032. With ZincGel®, we are building for this scale from day one. This Series A round is a critical milestone — enabling us to move from lab innovation to large-scale commercialisation through our UK demo facility, and soon, a GW-scale plant in India.”Archean Chemicals Industries Ltd Managing Director Ranjit Pendurthi said their commitment reflects confidence in Offgrid’s technology, while Ritu Verma, Co-founder of Ankur Capital, reiterated support for the company’s expansion.