Waaree Energies Subsidiary Waaree Energy Storage Solutions Raises Funds Through Private Placement

Waaree Energies Limited, a leading name in India’s renewable energy landscape, announced that its wholly owned subsidiary, Waaree Energy Storage Solutions Private Limited (WESSPL), has entered into a Share Subscription cum Shareholders’ Agreement (SSSHA) with select investors. 

The deal represents a significant step in strengthening Waaree’s position in the energy storage market and advancing its commitment to sustainable technology development.

Capital Infusion for Growth

As part of the agreement, investors will subscribe to up to 10.07% of WESSPL’s share capital through a private placement. The capital raised will be channelled towards expanding WESSPL’s operations, enhancing its manufacturing capabilities, and exploring advanced energy storage technologies. Despite the transaction, WESSPL will continue as a subsidiary of Waaree Energies Limited, ensuring complete operational synergy with its parent company’s strategic goals.

The company highlighted that this infusion will fuel its ongoing expansion drive and enable it to address the growing demand for clean, efficient, and reliable energy storage systems in India’s rapidly expanding renewable energy sector.

About the Companies

Waaree Energies Limited, established in 1990 and headquartered in Mumbai, is among India’s largest solar energy companies, specialising in manufacturing solar photovoltaic (PV) modules, EPC solutions, and rooftop solar installations. The company has a robust presence across domestic and international renewable markets.

Its wholly owned subsidiary, Waaree Energy Storage Solutions Private Limited (WESSPL), focuses on cutting-edge energy storage systems that complement Waaree’s solar offerings. Together, Waaree and WESSPL form a vital part of India’s transition towards sustainable and self-reliant energy infrastructure, with WESSPL driving innovation in storage technologies that support grid stability and renewable integration.

Read More: Waaree Renewable Share Price Rises 10.57%; Reports 47% Revenue Jump in Q2 FY26 Results!

Waaree Energies Share Price Performance 

As of October 14, 2025, at 10:32 AM, Waaree Energies share price is trading at ₹3,503.40 per share, reflecting a gain of 2.90% from the previous closing price. 

Conclusion

The latest investment in WESSPL underscores Waaree Energies’ long-term vision to lead India’s renewable transformation. By investing in advanced energy storage capabilities, the company is not only expanding its technological frontier but also contributing meaningfully to the nation’s clean energy goals and global sustainability efforts.

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