India’s Offgrid Secures $15M to Challenge Lithium Dominance with Zinc-Bromine Batteries
Indian deep-tech startup Offgrid Energy Labs has raised $15 million in Series A funding to scale its zinc-bromine battery technology as an alternative to lithium-ion systems. The seven-year-old company, incubated at IIT Kanpur, aims to reduce dependence on China’s lithium supply chain while offering more cost-effective energy storage. ZincGel TechnologyThe startup’s proprietary ZincGel batteries deliver 80-90% of lithium-ion efficiency but at significantly lower levelized storage costs India’s Offgrid raises $15M to make lithium optional for battery storage. Key advantages include: Commercial TimelineOffgrid plans to build a 10-megawatt-hour demonstration facility in the UK by Q1 2026, with commercialization following shortly after. A gigafactory in India is planned as the next phase India’s Offgrid raises $15M to make lithium optional for battery storage | TechCrunch. The company has secured over 25 IP families and 50+ patents across multiple markets. Market ContextIndia aims to increase non-fossil energy capacity from 50 gigawatts to 500 gigawatts by 2030 and targets 236 gigawatt-hours of battery storage by 2031-32 India’s Offgrid raises $15M to make lithium optional for battery storage. However, China’s lithium supply chain dominance presents challenges for scaling renewable energy storage globally. Funding and PartnershipsThe Series A round was led by specialty chemicals manufacturer Archean Chemicals, which now holds a 21% stake, with participation from Ankur Capital. Early testing partners include Shell and Tata Power, with discussions underway with Europe’s Enel Group India’s Offgrid raises $15M to make lithium optional for battery storage. The startup is valued at approximately $58 million post-money. Follow Batts.biz for clear and concise articles on the latest battery business news.
