Amber Group Enters into Solar Inverter and BESS by Acquiring Majority Stake in PowerOne Micro Systems
IL JIN Electronics India, a subsidiary of Amber Group, has signed definitive agreements to acquire a majority stake in Bengaluru-based PowerOne Micro Systems, a solar inverter and energy solutions provider, marking its strategic entry into the fast-growing solar inverter, BESS, and EV charger segments.
July 07, 2025. By Mrinmoy Dey
Incorporated in 1998, and headquartered in Bengaluru, Karnataka, originally established as an UPS manufacturer, Power-One has evolved into a solar inverter company, delivering wide spectrum of products such as on-grid, off-grid, and hybrid solar inverters (1kW to 250kW), UPS systems, solar power plants, EV chargers (AC & DC), Battery Energy Storage Systems (BESS).
Power-One serves diverse customers, with more than 7,00,000 products sold across key segments including industrial, residential, data centres, heavy engineering, defence, railways, and airports. The company has a widespread PAN India network of sales and service with a workforce of over 400 employees, the company said in a statement.
Power-One Micro Systems offers a strong platform to unlock avenues of operational synergies and strategic growth opportunities. IL JIN’s (Amber group company) extensive experience in electronic manufacturing services, operational excellence, pan-India manufacturing footprint and R&D capability will catalyse Power-One to expand its capabilities, accelerate product innovation, and strengthen its position in the Battery Energy Storage Systems (BESS), solar inverters, EV chargers, UPS and solar power plants thereby contributing to the India’s broader commitment to achieve sustainability in the power sector and transitioning towards renewable energy sources, in accordance with the National Solar Mission, it said.
Jasbir Singh, Executive Chairman and CEO of Amber Group, said, “This transaction will provide a strong foothold for Amber’s Electronic Division into the rapidly growing sector for Battery Energy Storage Systems (BESS), EV chargers, UPS and Solar inverters (on grid, off grid and hybrid) market. This marks a significant addition for our Electronic Division – IL JIN expanding its portfolio from Consumer Durables, Hearable and Wearable, Telecom, Automotive, Energy Meters, Defence into the industrial segment.”
He further added, “Our combined strengths will enable us to scale and innovate while increasing the local value addition of Battery Energy Storage Systems (BESS) and Solar Inverters (On Grid, Off Grid and Hybrid) in the country and achieve the larger objective of Atmanirbhar Bharat.”
Rajesh and Harsha, the promoters of Power-One Micro System, said, “This strategic partnership with Amber Group marks a pivotal moment in our journey—one driven by a shared vision to unlock powerful synergies and scale the business to new heights. By joining forces, we aim to accelerate growth, enhance capabilities, and create lasting value for all stakeholders— our team, partners, and customers alike. We remain fully committed to the company’s future and are excited to work alongside our new partners as we enter this transformative phase together.”
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