Avaana Capital Invests USD 5 Million in AmpereHour Energy’s Series A for Expansion
Avaana Capital led a 5m USD series A funding round in Pune based AmpereHour Energy, a provider of full-stack energy storage solutions. UC Impower and some existing angel investors also participated in the round.
March 17, 2025. By News Bureau
The current investment will enable AmpereHour Energy to accelerate the deployment of it’s innovative solutions, expand its manufacturing capabilities, broaden its product offerings, and further enhance its R&D efforts.
“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. The current investment round led by Avaana Capital, alongside UC Impower, is another vote of confidence in AmpereHour Energy’s expertise and ability to create technological innovation as well as deliver projects at scale., . Our investors’ experience will be invaluable to us in our next phase of growth, as we continue to innovate and lead in sustainable energy storage with the vision for the world to transition to 100% renewable energy one day.”
“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, Avaana Capital commented. “AmpereHour Energy’s comprehensive, software-driven approach to energy storage is the type of innovation we need to drive the energy transition ahead. Their focus on economic flexibility, modularity, and long-term reliability aligns perfectly with our mission to invest in strong climate focused solutions. We are delighted to be investing in a company committed to the development and commercialization of technologies that push forward global efforts to achieve net zero by providing affordable and sustainable energy storage solutions through safe and efficient infrastructure,” adds Bansal.
With over 40 MWh commissioned and about 1000 MWh currently under execution, AmpereHour Energy has a proven track record of deploying large-scale energy storage projects and has established itself as a leader in the energy storage sector.
“AmpereHour Energy is a market leader in the battery storage space, which has been clear to us from day one owing to the strong team and their differentiated business and technical capabilities,” said Richa Natarajan, Co-founder and Partner at UC Impower. “The space needs players like Ampere, and we are excited to partner and further support the company in its Journey.”
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