IESA projects $500m-plus Indian battery, mobility startup investment within year

Industry body the India Energy Storage Alliance (IESA) projects the nation’s battery and mobility startup ecosystem will attract more than $500 million in investment within a year.
The Bharat Battery Show, part of the Bharat Mobility Global Expo 2025, attracted 100 startups including Polyprotic, Scharge, Bridge Green UpCycle, Zero Footprint, Neuron Energy, Calton Energy, Qmax Ion, PranaGraf, PIOT Solutions, Lean Watt, and Vecmocon.
Recent advancements in the electric vehicle (EV) sector include a focus on the manufacturing of charging stations designed for local environmental conditions. Innovation in battery technology – including for sodium-ion, zinc based, and metal-air devices – is also in the pipeline, to offer alternatives to lithium-ion products.
An anticipated wave of investment will also benefit battery management system, safety management, and component manufacturing companies.
Emerging start-ups are specializing in areas such as raw material and chemical processing, EV battery safety, and battery storage system development, as well as software solutions to enhance EV charging infrastructure.
IESA is working to promote start-ups and is already collaborating with 400 nascent companies. The organization works with groups such as the United Nations Industrial Development Organization; Indian innovation accelerator iCreate; India Accelerator, which seeds technology startups in India and the United Arab Emirates; and Indian government bodies the Veermata Jijabai Technological Institute’s Technology Business Incubator and the Bhubaneswar City Knowledge Innovation Cluster, plus investor communities, to offer investment support, mentorship, technology validation, and global partnerships.
From pv magazine India.