Offgrid Energy Labs, a battery technology startup, has raised $15 million in a Series A funding round led by Archean Chemical Industries, a listed specialty chemicals company.
The startup plans to use the money to set up a pilot manufacturing unit in the UK within a year, improve its research and development, and launch its zincgel batteries in the market.
“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, co-founder 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.
Offgrid Energy Labs was founded in 2018 by Kusurkar, Srivastava, Brindan Tulachan, and Ankur Agarwal. The company develops sustainable energy storage solutions for peak load management, net-zero industrial power, and off-grid energy requirements.
The company has developed over 25 IP assets, with its unique electrolyte as the core of its technology. It currently operates in India and Europe and is planning to expand into more regions soon.
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