Left to Right Apoorv Shaligram (Co-founder & CEO) and Uttam Kumar Sen (Co-founder & CTO), e-TRNL Energy.e-TRNL Energy, a battery cell technology startup, on Friday said it has secured a seed funding of ₹27.4 crore from IAN Group, an early-stage investment platform, leading through their 2nd VC Fund, IAN Alpha Fund. The round also saw participation from Navam Capital, Speciale Invest, and other investors.
According to the company’s official press release, the fresh funds will be used to complete product development, validate performance and safety, and demonstrate manufacturing capability in India.
The company has already set up a 20,000 sq ft R&D and early manufacturing facility in Bengaluru to support testing and scale-up. It has been granted two patents for its battery cell design and has filed additional patent applications.
“With this funding round, we move towards demonstration, testing, and scaling our innovation for commercialisation. Beyond positioning India as a leader in energy storage innovations, these efforts will also strengthen our resilience against global supply chain vulnerabilities in these changing times,” said Apoorv Shaligram, co-founder and chief executive officer, e-TRNL Energy.
The company said it plans to set up a 250 MWh pilot manufacturing facility by 2027, with the intention of expanding it to a 2 GWh capacity later. Its first battery product will use lithium iron phosphate chemistry, with plans to develop LMFP and sodium-ion batteries in the future.
The company plans to supply its cells to battery pack manufacturers serving electric mobility and energy storage markets.
“What stood out with e-TRNL Energy was their first-principles rethink of cell architecture and manufacturing, rather than incremental upgrades to legacy designs. This integrated approach tackles performance, safety, heating, and cost together, which is exactly the kind of deep-tech innovation we back at IAN,” said Rajnish Kapur, Managing Partner, IAN Alpha Fund.
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