Waaree Energies Invests INR 300 Crore in Lithium-ion Battery Manufacturing Plant
Waaree Energies has invested INR 300 crore in its wholly-owned arm Waaree Energy Storage Solutions to establish a lithium-ion advanced chemistry cell manufacturing plant.
September 25, 2025. By Mrinmoy Dey
The investment involves 60 crore partly paid-up equity shares of face value INR 10 each. The purpose behind this investment is to set up a lithium-ion advanced chemistry storage cell manufacturing plant, the company stated in a regulatory filing.
It further added that shareholding remains unchanged and WESSPL stays wholly-owned by Waaree Energies. WESSPL was incorporated on February 4, 2020 in Mumbai, Maharashtra.
During an investor call for Q1 FY26, Waaree Energies announced an INR 15,000 crore investment plan over the next two years. The company aims to increase module manufacturing capacity from 10 GW to 26 GW and solar cell capacity from 5.4 GW to 16 GW by FY27.
The expansion blueprint also includes establishing 10 GW of ingot-wafer capacity, a 3.5 GWh battery energy storage system (BESS) facility, 3 GW inverter production, and a 300 MW hydrogen electrolyser plant.
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