IESA projects over $500 million investment in Indian battery, mobility startup ecosystem within a year

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Industry body India Energy Storage Alliance (IESA) projects that the Indian battery and mobility startup ecosystem will attract over $500 million in investments within a year. Polyprotic, Scharge, Bridge Green UpCycle, Zero Footprint, Neuron Energy, Calton Energy, Qmax Ion, PranaGraf, PIOT Solutions, Lean Watt, and Vecmocon are among the 100 startups which participated in this year’s Bharat Battery Show, part of the Bharat Mobility Global Expo 2025.

Many of these startups are seeking funding from major conglomerates and investment firms. This investment will drive new innovations, research and development, and advancements in products manufactured by these startups, stated IESA.

Recent advancements in the electric vehicle (EV) sector include a focus on the manufacturing of charging stations designed for local environmental conditions. Innovations in battery technology, including sodium-ion, zinc based batteries and metal-air batteries, are also in the pipeline, paving the way for alternatives to traditional lithium-ion batteries.

This wave of investment will also benefit a range of companies involved in battery management systems (BMS), safety management, and component manufacturing. Additionally, several emerging start-ups are specializing in areas such as raw material processing, chemical processing, battery safety for electric vehicles, and the development of battery storage systems (BSS), as well as software solutions to enhance charging infrastructure across the country.

IESA is working to promote the start-up ecosystem through its start-up and innovation program, which is already collaborating with 400 start-ups and leading organizations such as UNIDO, iCreate, India Accelerator, VJTI-TBI, BCKIC, and other global entities, as well as investor communities, to provide investment support, mentorship, technology validation, and global partnerships.

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