Niveshaay, a SEBI-registered AIF manager, led a ₹325 crore funding round in Waaree Energy Storage Systems (WESSPL), part of its ₹1,000 crore capital plan. The funds will expand battery cell and pack manufacturing, engineering, and large-scale energy storage systems in India and abroad. Founder Arvind Kothari highlighted battery storage’s role in India’s clean energy growth.
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