IAN Alpha Fund has invested ₹27.4 crore in e-TRNL Energy, a cleantech startup focused on innovative battery cell technology, to support its product development and enhance India's domestic battery manufacturing capabilities amidst a growing demand for energy storage solutions.
Information on the target
e-TRNL Energy is a pioneering cleantech startup founded in 2021 by Apoorv Shaligram and Dr. Uttam Kumar Sen, focusing on next-generation battery cell technology. The company is positioned to revolutionize the battery industry by rethinking core cell architecture and manufacturing processes, rather than merely improving existing designs. With a strong foundation in battery materials and engineering, the founders bring extensive experience and a track record of innovation in energy storage solutions.
With the recent funding of ₹27.4 crore led by IAN Group, e-TRNL Energy aims to finalize product development, validate performance and safety, and demonstrate manufacturing capabilities in India. The company has established a 20,000 sq. ft. R&D and early manufacturing facility in Bengaluru and has secured two patents for its innovative battery cell design.
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Industry overview in the target’s specific country
India is undergoing a significant transformation in its energy landscape, with a rapid shift towards electric mobility and renewable energy sources. However, the country remains heavily reliant on imported battery cells and manufact
Similar Deals
IAN Group
invested in
e-TRNL Energy
in 2026
in a Seed Stage deal
Disclosed details
Transaction Size: $3M