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Waaree Energies’ arm completes strategic fund raise of around Rs 1,003 crore
Jan-05-2026

Waaree Energies’ subsidiary-- Waaree Energy Storage Solutions (WESSPL) has successfully completed a major funding round totalling around Rs 1,003 crore from a cluster of strategic investors, including family offices, high-net-worth individuals (HNIs), and institutional backers.

This fund raise is a part of the announced Capex of around Rs 10,000 crore for the establishment of a 20 GWh advanced lithium-ion cell and battery pack manufacturing plant, positioning WESSPL at the forefront of India’s energy storage ecosystem and directly supporting the nation’s clean energy transition and energy security objectives. 

The plant will focus on the production of high-performance cells and battery packs tailored for utility-scale storage systems, electric mobility, and distributed energy applications. This capacity expansion is a key milestone in Waaree Group’s integrated renewable manufacturing roadmap and a strategic complement to existing solar manufacturing capabilities.

With this investment, Waaree Group is rapidly evolving into a fully integrated energy transition player, spanning solar modules, inverters, batteries, energy storage systems, and emerging clean energy technologies. The integration of storage manufacturing strengthens Waaree’s ability to deliver end-to-end solutions critical for grid stability, renewable energy penetration, and decarbonization at scale. 

Waaree Energies is primarily engaged in the business of manufacture of solar photo-voltaic modules, setting up of projects in solar space and sale of electricity.


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