Offgrid Energy Labs to Use $15 Million for ZincGel Battery Production and Expansion

Offgrid Energy Labs, a battery innovation startup, has announced that it has raised $15 million in Series A funding. The round was led by Archean Chemical Industries Ltd, a company in bromide manufacturing, with participation from investor Ankur Capital. The company had previously raised a seed round from Shell Ventures. This funding round marks a step in Offgrid’s journey to commercialise its ZincGel battery technology, with the funds set to support manufacturing and research efforts.

The funding will be used to set up a 10 MWh manufacturing facility in the UK, expand Offgrid Energy Labs’ R&D for stationary energy storage, and support the commercialisation of its ZincGel batteries through certification, testing, and giga-factory planning. ZincGel is based on zinc-bromide chemistry and developed across three areas: chemistry, materials and design, and manufacturing.

Rishi Srivastava, Co-Founder, Offgrid Energy Labs, said: “Stationary storage is no longer a distant requirement as India alone will need over 236 GWh of battery energy storage systems by 2032. With ZincGel, we are building for this scale from day one. Our 25+ IP families and proprietary electrolyte technology give us a unique edge to deliver safe, non-toxic, and scalable solutions at globally competitive costs. This Series A round is a critical milestone — enabling us to move from lab innovation to large-scale commercialisation through our UK demo facility, and soon, a GW-scale plant in India. By doing so, we aim to accelerate the country’s renewable-first grid while reducing import reliance and creating a home-grown storage ecosystem that can serve both India and global markets.”

Mr. Ranjit Pendurthi, Promoter and MD, Archean Chemical Industries Limited (ACIL), stated: “Our substantial commitment reflects the confidence we have in Offgrid’s deep-tech approach. Together, we are building not just a new energy storage solution, but a scalable platform for the global clean energy transition. Our experience in large-scale chemical manufacturing complements Offgrid’s breakthrough science, making this partnership a strong foundation for giga-factory scale production.”

Ritu Verma, Co-founder & Managing Partner, Ankur Capital, commented: “At Ankur Capital we believe in companies that combine deep science with a clear path to global markets. Offgrid Energy Labs has consistently shown both, building breakthrough storage technology while assembling a world-class team. We are excited to double down on our partnership to support the next leg of their journey.”

Also Read: HYLENR Secures $3M to Fast-Track LENR Commercialisation