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Noida-based battery startup Offgrid Energy Labs has raised $15 million in a round led by Archean Chemical Industries, with participation from Ankur Capital.
The brand had raised $12 million in earlier rounds and currently operates in India and Europe.
The proceeds will be used to set up a pilot manufacturing facility in the UK within the next year, expand R&D, and commercialise its zincgel batteries. Once the UK unit is operational, it plans to establish a similar facility in India.
Founded in 2018 by Tejas Kusurkar, Rishi Srivastava, Ankur Agarwal, and…
