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Battery tech startup Offgrid Energy Labs has raised $15 million in a Series A funding round led by listed specialty chemicals manufacturing company Archean Chemical Industries.
The startup will use the new funds to set up a pilot manufacturing unit in the UK within a year, strengthen its R&D, and bring its zincgel batteries to market.
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"This funding is primarily to set up a demo manufacturing facility for the final product in the UK. As soon as the UK plant is commissioned, we plan to establish a manufacturing facility in India," said Rishi Srivastava, cofounder of Offgrid Energy Labs.
"Zinc gel is optimal for deep discharge, 6-to-12-hour long-duration energy storage. This is where it excels—it's very difficult for lithium to compete in this segment. Similarly, other battery chemistries struggle to survive and meet commercial requirements in this application," said Kusurkar, chief executive officer of Offgrid Energy Labs.
"Our experience in large-scale chemical manufacturing complements Offgrid’s breakthrough science, making this partnership a strong foundation for giga-factory scale production...Our expertise in chemical manufacturing and global supply chain execution will be critical in taking Offgrid’s zincgel from pilot to giga-factory readiness, ensuring operational excellence as the technology scales,” said Ranjit Pendurthi, promoter and managing director of Archean Chemical Industries.
About Offgrid Energy Labs
Founded in 2018 by Kusurkar, Srivastava, Brindan Tulachan, and Ankur Agarwal, Offgrid Energy Labs provides sustainable energy storage solutions for peak shifting, net-zero industrial power, and off-grid energy needs.
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The company has built 25+ IP assets, with its proprietary electrolyte at the heart of its technology. It operates in India and Europe and plans to expand to more regions soon.
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