India, Sept. 2 -- Battery tech startup Offgrid Energy Labs has raised $15 Mn (around INR 132 Cr) in a Series A round led by Archean Chemicals Industries. The round also saw participation from existing investor Ankur Capital.

Prior to this, Offgrid had raised an undisclosed amount back in 2022 from Shell, Ankur Capital and APVC.

Offgrid said in a statement that the fresh proceeds will be deployed in setting up a demo manufacturing unit in the UK before the company can establish a gigawatt-scale plant in India.

At the core of Offgrid's alternative battery tech is a patented ZincGel chemistry, which the company claims enables "customised battery configurations for diverse stationary applications" at competitive costs and with non-toxic ma...