Noida-based energy storage startup Offgrid Energy Labs has raised $15 million in a Series A round led by Archean Chemical Industries, with participation from existing investor Ankur Capital.
The fresh capital will be deployed to set up a pilot manufacturing facility in the UK within the next year, expand R&D, and commercialise its proprietary ZincGel batteries. Following this, the company plans to establish a similar facility in India to scale production.
Established in 2018 by Tejas Kusurkar, Rishi Srivastava, Ankur Agarwal, and Brindan Tulachan, Offgrid Energy Labs focuses on zinc-bromine gel batteries designed to offer a safer and more sustainable solution than lithium-ion for long-duration storage ranging from 6 to 12 hours.
The company aims to deploy its batteries across industrial net-zero projects, peak demand management, and off-grid regions such as rural communities and islands. With over 25 IP assets, its core innovation lies in a proprietary electrolyte powering ZincGel technology.
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India’s push towards 500 GW of renewable energy capacity by 2030 presents a large opportunity for storage solutions. Offgrid Energy Labs sees India as its primary market, though it is also witnessing rising interest from Europe and the US.
Zinc-based chemistry, unlike lithium, avoids major supply chain risks since zinc is abundantly available in over 50 countries, including India. The company believes its technology offers an edge in safety, cost-efficiency, and performance for large-scale renewable projects.
