
The funding accelerates domestic battery innovation, reducing reliance on imports and bolstering India’s EV growth trajectory. It also showcases investor confidence in scalable, safety‑focused cell technologies for the emerging market.
India’s electric‑vehicle surge is creating a strategic imperative for home‑grown battery solutions, and e-TRNL Energy’s recent seed raise positions it at the forefront of that push. By targeting a chemistry‑agnostic platform, the startup aims to sidestep the volatility of raw‑material markets and adapt quickly to emerging sodium‑ion chemistries, a move that could broaden the performance envelope for Indian‑specific climate conditions. The in‑house development of cell‑design tools, manufacturing processes, and automation equipment underscores a full‑stack approach that many rivals outsource, potentially shortening time‑to‑market and lowering capital expenditures.
The pilot facility’s 250 MWh annual capacity is modest by global standards, yet it serves as a critical proof‑point for scaling to a 2 GWh footprint. Achieving such scale would place e-TRNL among the few Indian firms capable of supplying batteries for both two‑wheelers and four‑wheelers, directly addressing the country’s projected $132 bn EV market by 2030. Moreover, the ability to produce cells domestically mitigates supply‑chain disruptions that have plagued the sector, especially amid geopolitical tensions affecting lithium and cobalt imports.
Investors such as IAN Alpha Fund, Navam Capital, and Ather Energy co‑founders are betting on e-TRNL’s differentiated technology and its potential to capture a sizable share of the burgeoning energy‑storage market. Their confidence reflects a broader trend where venture capital is funnelling capital into battery‑cell innovators that promise higher safety, faster charging, and longer cycle life. As the Indian government tightens emissions standards and offers incentives for electric mobility, startups that can deliver reliable, locally manufactured batteries are likely to become pivotal players in the nation’s clean‑energy transition.

Battery tech startup e-TRNL Energy has bagged ₹27.4 Cr (around $3 Mn) in its seed funding round led by IAN Alpha Fund, with participation from Navam Capital, Anicut Capital, Ather Energy cofounders Tarun Mehta and Swapnil Jain, and existing investors Speciale Invest, Micelio Mobility, and IIMA Ventures.
The startup plans to use the funds to complete product development and demonstrate manufacturing capability of Lithium-ion battery cells at scale in India, it said in a statement.
Founded in 2021 by Apoorv Shaligram and Uttam Kumar Sen, e-TRNL Energy is working on a battery cell technology which it claims is chemistry agnostic and can adopt all present Li-ion and future Na-ion chemistries.
It claims its technology can enable improvements in safety, fast-charging capability, cycle life, and energy density, while enhancing scalability and reliability in manufacturing.
The startup has developed a full-stack solution spanning battery cell design, manufacturing technology, and machinery development. It claims that all machinery for cell production, from initial concept to full automation, is engineered in-house.
“With this funding round, we move towards demonstration, testing and scaling our innovation for commercialisation. Beyond positioning India as a leader in energy storage innovations, these efforts will also strengthen our resilience against global supply chain vulnerabilities in these changing times,” e-TRNL Energy cofounder and CEO Shaligram said.
e-TRNL Energy aims to start commercial manufacturing in pilot phase with a capacity of 250 MWh per year, and subsequently scale it to 2 GWh per year.
Prior to this, the startup raised around ₹7.5 Cr in its pre-seed round from Speciale Invest, Micelio Mobility and CIIE in 2022.
Amid rising demand for batteries due to increasing EV adoption, a number of startups are working on new battery cell technologies to build batteries better suited for Indian conditions and improve their performance.
India’s EV market is expected to become a $132 Bn opportunity by 2030, with clean mobility solutions in India seeing strong growth. Investors are betting on startups operating in the segment to capitalise on this opportunity.
For instance, EV battery manufacturer Neuron Energy secured ₹31 Cr in November last year to scale manufacturing capacity to 3 GWh, set up an automated facility for electric four-wheelers, among others.
The post Battery Tech Startup e-TRNL Energy Raises ₹27.4 Cr For Product Development appeared first on Inc42 Media.
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