India's Battery Startups to Witness $500M Boost, IESA Forecast

India Energy Storage Alliance (IESA) has said it expects to invest USD 500 million in Indian battery and mobility startups next year, trying to accelerate research and development with innovation and advancements in the space. The development is expected to focus on R&D and product developments in the segment for startups and companies dealing with battery management systems, safety management, and electronic part manufacturers.

The announcement was made at the Bharat Battery Show, part of the Bharat Mobility Global Expo 2025. The event has been attended by over 30,000 visitors, which shows increasing interest in the innovations of lead battery storage and recycling.

To nurture the startup ecosystem, IESA also discussed the Start-Up Connect program it was conducting along with Hero MotoCorp. Panneerselvam Madanagopal, CEO of MeitY Startup Hub, discussed how government entities can collaborate to foster growth within the ecosystem.

IESA is actively fostering the start-up community through its Start-Up and Innovation Program. The initiative works with over 400 startups and global organizations, such as UNIDO, iCreate, India Accelerator, VJTI-TBI, BCKIC, and many more, providing mentorship, technology validation, investment support, and facilitating global partnerships.

Established in 2012, IESA was created by Customized Energy Solutions with a view to make India a global destination for R&D, manufacturing, and adoption of advanced energy storage, e-mobility, and green hydrogen production. The alliance contributes significantly to achieving India's goals of sustainable mobility and energy storage through these efforts.