Waaree Energies Share Price in Focus After Subsidiary Raises ₹1,003 Crore for Battery Manufacturing Plant

As per PTI report, Waaree Energy Storage Solutions, a subsidiary of Waaree Energies, has raised ₹1,003 crore from a group of strategic investors.  

The funds are part of the company's ₹10,000 crore capital expenditure plan to establish a 20 GWh lithium-ion cell and battery pack manufacturing plant in India. 

₹1,003 Crore Raised to Boost Battery Manufacturing 

The ₹1,003 crore funding has been secured from a mix of family offices, high-net-worth individuals, and institutional backers.  

The initiative supports the group's plans to strengthen its energy storage infrastructure, with a focus on manufacturing high-performance cells and battery packs. 

The new plant is being designed to serve needs across utility-scale storage systems, electric vehicles, and distributed energy applications. This development plays a critical role in fortifying India's domestic supply chains in lithium-ion battery technologies. 

Strengthening Energy Transition Capabilities 

With this investment, the Waaree Group is embedding itself as a vertically integrated clean energy provider. Its portfolio already spans solar modules, inverters, batteries, and energy storage systems.  

By adding large-scale battery manufacturing, the company aims to deliver integrated energy solutions that support grid stability and renewable energy adoption. 

Read More: KEC International Share Price in Focus on Securing Orders Worth ₹1,050 Crore, Enters Wind Energy Sector! 

Director’s Insight on Strategic Growth 

Ankit Doshi, Director, Waaree Energy Storage Solutions, said, "This successful fundraise 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 cells and battery pack facility, strengthen domestic supply chains, and contribute to the growth of India's energy storage capacity." 

Focus Areas for the Plant 

The upcoming facility will be equipped to support applications in sectors including energy storage systems for utilities, electric mobility, and on-site distributed energy. Its focus on lithium-ion technology places it in line with growing demand for clean energy in multiple industries. 

Waaree Energies Share Price Performance  

As of January 05, 2026, at 3:00 PM, Waaree Energies share price on NSE was trading at ₹2,716.50 down by 5.23% from the previous closing price. 

Conclusion 

Waaree Energy Storage Solutions’ ₹1,003 crore funding marks a significant step in its ₹10,000 crore expansion plan in battery and energy technology. The initiative enhances the company’s role in supporting India’s energy infrastructure. 

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