Noida-based Offgrid Energy Labs has raised $15 million in a funding round led by Archean Chemical Industries, with participation from Ankur Capital.
The startup had earlier secured $12 million across prior rounds and currently operates in India and Europe. The latest funding will be deployed to:
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Set up a pilot manufacturing facility in the UK within the next year
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Expand R&D capabilities
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Commercialise zincgel batteries
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Build a similar manufacturing unit in India after the UK launch
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 batteries for stationary energy storage.
Unlike lithium-based solutions, the zincgel batteries are designed for 6–12 hours of long-duration storage — addressing a crucial gap for renewable energy integration, industrial net-zero projects, and off-grid applications like rural communities and island energy systems.
With 25+ IP assets and a proprietary electrolyte at the core of its innovation, Offgrid Energy Labs is positioning itself at the frontier of next-generation energy storage.
Industry Context: India is targeting 500 GW of renewable energy by 2030, driving massive demand for reliable storage. As of August 2025, the country has just 500 MWh of installed battery storage capacity, underscoring the scale of opportunity for companies like Offgrid Energy Labs.
By: Arushi Agarwal
