Waaree Energies Limited has invested ₹300 crore in its wholly-owned subsidiary, Waaree Energy Storage Solutions Private Limited, through a rights issue. The investment aims to boost the subsidiary’s capabilities in lithium-ion advanced chemistry storage cell manufacturing, supporting Waaree’s broader strategy in renewable energy and energy storage solutions. This move is expected to significantly enhance the group’s position in the rapidly growing energy storage market.
Significant Investment in Energy Storage
Waaree Energies Limited announced on September 24, 2025, a strategic investment of ₹300 crore into its subsidiary, Waaree Energy Storage Solutions Private Limited. This investment was made through a rights issue, reinforcing Waaree Energies’ commitment to expanding its footprint in the energy storage sector.
Details of the Investment
The ₹300 crore investment will enable Waaree Energy Storage Solutions to further develop its lithium-ion advanced chemistry storage cell manufacturing plant. The company is a wholly-owned subsidiary, which means that Waaree Energies retains full control and ownership of the entity and its strategic direction.
Waaree Energy Storage Solutions Overview
Waaree Energy Storage Solutions Private Limited was incorporated on February 4, 2020. As of the latest financial year, the company’s turnover was Nil. The recent investment is intended to drive future growth and establish the company as a key player in the renewable energy storage market. The company operates within the renewable energy industry. After the ₹300 crore investment via rights issue, Waaree Energies Limited’s shareholding will not change.
Source: BSE
