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Energy storage startup AmpereHour Energy has raised $5 million from Avaana Capital. The funds will be used to expand manufacturing, enhance software capabilities, and support research and development.
Amount Raised
$5 Million
Round Type
Funding Round
Investors
Description
Energy storage startup AmpereHour Energy has raised $5 million (about Rs 43.6 crore) from climate-focused fund Avaana Capital, with participation from UC Impower and existing angel investors. The Mumbai-based startup plans to utilize the funds to expand manufacturing and software capabilities and drive product development. Founded in 2017, AmpereHour develops battery energy storage systems that efficiently store and manage electricity. The company plans to scale up its operations to achieve substantial growth in the coming months.
Fundz sees it the moment AmpereHour Energy raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Related People
AmpereHour Energy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
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