Pune-based energy storage solutions provider AmpereHour Energy has secured $5 million (₹415 million) in a Series A funding round led by Avaana Capital, with participation from UC Impower and existing angel investors.

The company will utilize the funds to accelerate its battery energy storage solutions deployment, enhance manufacturing capabilities, expand product offerings, and strengthen research and development efforts. It will also use the funds to scale its operations.

AmpereHour Energy develops modular, scalable, and software-driven battery energy storage systems (BESS). The company has a commissioned capacity of over 40 MWh and has implemented over 1,000 MWh of energy storage projects spanning more than 50 sites globally.

The company said its technology stack includes the AH-Stack module, integrated with its proprietary ELINA Energy Management Software. It enhances grid stability, enables efficient renewable energy integration, and ensures reliable backup power for critical infrastructure.

AmpereHour Energy also provides turnkey engineering, procurement, and construction services to help seamless integration and long-term reliability for clients.

The company’s customer base includes domestic and international firms such as Indigrid, Cummins, Siemens, Coca-Cola, Amazon, Yellow Door (UAE), and BRPL.

Battery energy storage systems help mitigate the intermittency of renewable energy sources like solar and wind. The Ministry of Power recently mandated that all renewable energy implementing agencies and state utilities incorporate a minimum two-hour co-located energy storage systems equivalent to 10% of the installed solar capacity in all solar tenders. If the mandate is implemented, the government expects approximately 14 GW/28 GWh of storage to be installed by 2030.

Recently, corporate funding for energy storage companies, including venture capitalist investments, public market funding, and debt financing, increased 5% year-over-year, according to Mercom Capital Group’s newly released Annual and Q4 2024 Funding and M&A Report for Storage & Grid.

In March 2024, Avaana Capital received an investment of $120 million, including $24.5 million from the Green Climate Fund.