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Waaree arm funds 20GWh cell plant
Mint Mumbai
|January 06, 2026
Waaree Energy Storage Services Pvt. Ltd, a subsidiary of clean-energy firm Waaree Energies, has raised ₹1,003 crore as part of ₹10,000-crore capital expenditure planned to set up a 20-gigawatt-hour (GWh) lithium-ion battery and battery pack manufacturing facility, it said in a statement on Monday.
“With the strategic resources, we will fast-track commissioning of our 20GWh cell and battery pack unit, strengthen domestic supply chains, and contribute to growth of India’s energy storage capacity,” said Ankit Doshi, director, Waaree Energy Storage Services Pvt. Ltd, in a statement.
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