India, March 12 -- Pune-based energy storage solutions provider AmpereHour Energy has raised $5 Mn (about INR 43.5 Cr) in its Series A funding round led by Avaana Capital, with participation from UC Impower and existing angel investors.

The startup will use the fresh capital to accelerate the deployment of its energy storage solutions, expand manufacturing capabilities, enhance R&D efforts, and broaden its product offerings.

Founded in 2017 by IIT Bombay alumni Ayush Misra, Rahul Shelke, Harshal Thakur, and Neehar Jathar, AmpereHour Energy develops modular, scalable, and software-led battery energy storage systems (BESS).

The startup claims that its proprietary ELINA Energy Management Software optimises battery performance and enables ...