VC Fund Investments
Energy storage enabler AmpereHour raises $5-M led by Avaana Capital
Pune-based energy storage startup AmpereHour Energy has raised USD 5 million in a funding round (about INR 43.6 crore) led by climate focused VC fund Avaana Capital. The round also saw participation from UC Impower and existing angel investors.The new funds will be used to expand the firm’s manufacturing and software capabilities, support research and development (R&D), and drive product development.Founded in 2017 by Ayush Misra, Rahul Shelke, Harshal Thakur and Neehar Jathar, AmpereHour Energy develops battery energy storage systems that help businesses and power grids efficiently store and manage electricity.The company had previously raised USD 2.45 million from AngelList and others.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
