The investment firm Niveshaay announced it has spearheaded a significant Rs 325 crore funding round aimed at expanding Waaree Energy Storage Systems. This capital injection seeks to bolster the Waaree Group's battery division by enhancing manufacturing capacity, engineering prowess, and scaling Battery Energy Storage Systems (BESS) both in India and globally.

The funding round, comprised largely of Niveshaay's Category II and III funds, also includes contributions from co-investors like Vivek Jain of Action Tesa and Saket Agarwal, formerly of Apollo Pipes Ltd. This initiative underscores India's stride towards reinforcing its clean energy growth, as emphasized by Niveshaay Founder Arvind Kothari.

In line with governmental policy support and economic viability provided by falling lithium-

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