Noida-based Offgrid Energy Labs has secured USD 15 million in fresh funding to accelerate its growth journey. The round was led by Archean Chemical Industries, with active participation from Ankur Capital. The investment follows the company’s earlier raise of USD 12 million, further cementing investor confidence in its sustainable energy storage technology.
The new funds are set to drive multiple growth initiatives, including the establishment of a pilot manufacturing unit in the UK within the next year. Once successful, the company plans to replicate the facility in India to serve domestic markets more efficiently.
Scaling Research Efforts
Alongside its manufacturing plans, company will also expand research and development, ensuring faster innovation in its proprietary zincgel battery technology. The company aims to accelerate the commercialisation of its batteries, which have been designed as an environmentally safer and more sustainable alternative to lithium-ion cells.
By focusing on 6 to 12-hour long-duration energy storage, the startup’s solutions are positioned to support industrial net-zero goals, peak demand management, and rural or remote electrification needs—particularly in underserved communities and island regions.
What is Offgrid Energy Labs
Founded in 2018 by Tejas Kusurkar, Rishi Srivastava, Ankur Agarwal, and Brindan Tulachan, Offgrid Energy Labs has established itself as a deep-tech energy storage innovator. The startup’s flagship technology revolves around zinc bromine gel batteries, which provide an edge over lithium-ion alternatives in terms of safety, recyclability, and long-duration stability.
The company has built a strong intellectual property portfolio with more than 25 IP assets, all anchored in its proprietary electrolyte technology. This electrolyte serves as the foundation of its zincgel batteries, driving efficiency, durability, and safety.
Renewable Push in India
India’s ambitious renewable energy roadmap—500 gigawatts of renewable capacity by 2030—is set to generate huge demand for storage technologies. According to the India Energy Storage Alliance, the country currently has only 500 megawatt hours of installed battery storage capacity, underscoring the gap that startups like Offgrid Energy Labs can address.
As renewable adoption accelerates, storage innovations will be vital to ensure grid stability, peak load balancing, and rural energy access. Offgrid Energy Labs’ solutions are well-suited to integrate with this clean energy expansion and offer scalable, safe alternatives to existing storage technologies.
Competitive Landscape Emerges
Offgrid Energy Labs is part of a highly competitive Indian energy storage market that includes established players such as Waaree Energies, Tata Power Solar, Vikram Solar, and HBL Power System. However, the company’s zincgel innovation differentiates it from conventional storage providers and positions it strongly within the long-duration storage segment.
With growing policy support, investor confidence, and increasing demand for sustainable energy storage, Offgrid Energy Labs is carving out a unique niche in India’s evolving clean-tech landscape.
Vision for the Future
The company believes its zincgel batteries will become a critical component of global energy infrastructure in the years to come. By focusing on affordability, safety, and sustainability, Offgrid Energy Labs wants to empower industries and communities to shift towards renewable sources without depending on scarce and hazardous lithium resources.
The fresh USD 15 million raise is not just a financial milestone—it signals the growing trust in homegrown energy tech startups that are actively solving global challenges. As Offgrid Energy Labs expands into Europe and scales back in India, its journey reflects a broader momentum in the green energy startup ecosystem.
