AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
_6ff029a61766633234293.png?format=webp&width=1186&height=250)
Offgrid Energy Labs Raises $15M to Develop Zinc-Based Battery Storage Technology
ByAinvest
Monday, Sep 1, 2025 8:50 pm ET1min read
India-based Offgrid Energy Labs has raised $15M in Series A funding to commercialize its ZincGel battery technology, an alternative to lithium-ion batteries for stationary storage. ZincGel delivers 80-90% of lithium's energy efficiency at a lower levelized cost of storage, making it a cost-effective solution for expanding renewable energy storage in India and other countries. The startup plans to build a 10-megawatt-hour demonstration facility in the UK and a gigafactory in India.
India-based Offgrid Energy Labs has raised $15 million in Series A funding to commercialize its ZincGel battery technology, an alternative to lithium-ion batteries for stationary storage. The funding round was led by Archean Chemical Industries Limited, with participation from existing investor Ankur Capital [1].ZincGel delivers 80-90% of lithium's energy efficiency at a lower levelized cost of storage, making it a cost-effective solution for expanding renewable energy storage in India and other countries. The startup plans to build a 10-megawatt-hour demonstration facility in the UK and a gigafactory in India.
Offgrid Energy Labs, founded in 2018, focuses on reducing dependence on lithium-ion storage solutions through zinc-bromine gel batteries for the stationary storage market. The company has developed over 25 intellectual property (IP) assets, with its proprietary electrolyte forming the core of its technology [2].
The central government of India has set a target of achieving 500 gigawatts (GW) of renewable energy-based electricity generation by 2030. According to the India Energy Storage Alliance, as of August this year, battery energy storage system capacity of 500 megawatt-hours (MWh) is operational.
Offgrid Energy Labs plans to deploy its technology across three specific domains—industrial net-zero initiatives with battery energy storage, managing power during peak demand periods, and serving off-grid areas such as islands and rural communities.
The Series A round was led by Archean Chemicals, a Chennai-based specialty chemicals manufacturer, which now holds a 21% stake in the startup, along with participation from Ankur Capital [2].
References:
[1] https://m.economictimes.com/tech/funding/battery-tech-startup-offgrid-energy-labs-raises-15-million-in-round-led-by-archean-chemical-industries/articleshow/123638954.cms
[2] https://techcrunch.com/2025/09/01/indias-offgrid-raises-15m-to-make-lithium-optional-for-battery-storage/
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet