Mumbai, March 12 -- Energy storage solutions provider AmpereHour Energy on Wednesday said it has secured USD 5 Million in series A funding from a clutch of investors led by Avaana Capital and the proceeds will be utilized to accelerate the implementation of advanced energy storage solutions, R&D and product development.
Avaana Capital led a USD 5 Million series A funding round in AmpereHour Energy, a provider of full-stack energy storage solutions. UC Impower and some existing angel investors also participated in the round, the company said in a statement.
The current investment will enable AmpereHour Energy to accelerate the deployment of it's innovative solutions, expand its manufacturing capabilities, broaden its product offerings, and...