AmpereHour Energy has raised Rs 436 million from climate-focused fund, Avaana Capital, with participation from UC Impower and other angel investors. The company plans to utilise the funds to expand its manufacturing and software capabilities, strengthen research and development, and enhance product development. Additionally, AmpereHour Energy is using part of the funds for geographical expansion, with ongoing projects in Oman and Nigeria and commissioned projects in Belgium and the UAE.
AmpereHour, founded in 2017, specialises in battery energy storage systems for businesses and power grids, focusing on stationary energy storage for power infrastructure. The company also provides turnkey engineering, procurement, and construction services for grid integration. Furthermore, the company has deployed projects across more than 50 locations and serves major clients, including Amazon, Siemens, Coca-Cola, and Indigrid. It is currently commissioning 50 MWh of power storage capacity and aims to scale up to 1 GWh in the next 18 months based on existing contracts.
