Waaree Energies has officially transitioned from a solar giant to an integrated energy company. Through its subsidiary, Waaree Energy Storage Solutions (WESSPL), the group is now spearheading the domestic production of advanced battery cells.
Waaree Energy Storage Solutions has reached a pivotal milestone by commercializing India’s first large-scale, indigenous battery storage system. This is a significant stride toward ending India’s dependence on imported storage technology.
The company recently announced the successful completion of a ₹1,003 crore strategic funding round aimed at accelerating its 20 GWh advanced lithium-ion cell and battery pack manufacturing facility.
The move marks a departure from the industry standard of assembling imported cells, as Waaree begins to produce its own indigenously developed LFP (Lithium Iron Phosphate) cells.
The breakthrough is designed to serve as a critical backbone for India’s electric mobility and utility-scale energy storage sectors.
Strategic synergies and grid stability:
The integration of battery manufacturing allows Waaree to offer a one-stop energy transition package. By combining its solar module capacity with domestic storage solutions, the group can now provide end-to-end systems that ensure grid stability and manage the intermittency of renewable power. The new facility will focus on high-performance cells tailored for diverse needs, ranging from massive grid-scale batteries to compact packs for electric vehicles. The expansion is part of a broader ₹10,000 crore capital expenditure plan aimed at making India a global hub for clean energy technology.
Thought leadership:
Ankit Doshi, Director, Waaree Energy Storage Solutions, said that this development is a national manifesto for energy independence.
“This successful fundraiser underscores the confidence that our investor community places in our vision to build world-class energy storage manufacturing in India. With these strategic resources, we will fast-track the commissioning of our 20 GWh facility, strengthen domestic supply chains, and contribute to the growth of India’s energy storage capacity.”
Securing India’s energy future:
It must be noted that while several Indian companies like Ola Electric have initiated limited production, Waaree is among the first to successfully commercialize indigenously developed LFP cells at a giga-scale.
With the commercialization of its indigenous cell technology, Waaree is positioning itself as a primary challenger to global storage giants. The group’s roadmap includes scaling its cell production to 15 GW by the next financial year, followed by the integration of ingot and wafer manufacturing. By localizing the most complex part of the battery value chain—the cell itself—Waaree is not only insulating India from global supply chain shocks but also creating thousands of specialized jobs.
