Waaree Energies Limited has informed the Exchange regarding a press release dated January 05, 2026.
WAAREEENER · price
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Waaree Energies' subsidiary, Waaree Energy Storage Solutions Pvt Ltd (WESSPL), has raised around INR 1,003 Crores from family offices, HNIs, and institutional investors. The funds will go towards building a 20 GWh advanced lithium-ion cell and battery pack manufacturing facility, part of a larger INR 10,000 Crores capex plan. The plant will produce cells and battery packs for utility-scale storage, electric mobility, and distributed energy applications. This move expands Waaree Group's role beyond solar modules into a fully integrated clean energy and storage player. It also supports India's push to reduce dependence on imported energy storage technology.
Positive for shareholders — the fund raise accelerates a major capacity expansion in the high-growth battery storage segment without placing the full capex burden on the parent. Successful external funding signals strong investor confidence and positions Waaree to benefit from rising demand for energy storage tied to solar, EVs, and grid stability.