Offgrid Energy Labs raises $15 Mn led by Archean Chemical Industries

Noida-based battery startup Offgrid Energy Labs has raised $15 million in a round led by Archean Chemical Industries, with participation from Ankur Capital.

The brand had raised $12 million in earlier rounds and currently operates in India and Europe.

The proceeds will be used to set up a pilot manufacturing facility in the UK within the next year, expand R&D, and commercialise its zincgel batteries. Once the UK unit is operational, it plans to establish a similar facility in India.

Founded in 2018 by Tejas Kusurkar, Rishi Srivastava, Ankur Agarwal, and Brindan Tulachan, Offgrid Energy Labs is developing zinc-bromine gel batteries as a safer, greener alternative to lithium-ion for stationary energy storage. The technology is designed for 6–12-hour long-duration storage, an area where lithium and other chemistries struggle to compete.

The startup plans to deploy its batteries across industrial net-zero projects, peak demand management, and off-grid areas such as rural communities and islands. It has also built over 25 IP assets, with its proprietary electrolyte at the core of its innovation.

As per market research, India is pushing towards 500 GW of renewable energy capacity by 2030, creating a large opportunity for energy storage solutions. As of August, the country has about 500 MWh of battery storage capacity installed, according to the India Energy Storage Alliance.