Siddharth Kothari is the Managing Partner of Ahimsa VC, a venture fund dedicated exclusively to sustainable alternatives to animal-based food and materials.
The startup will use the new funding to boost R&D, set up pilot production, grow its workforce, and design strategies for expanding into global markets.
With the fresh funds, Enlite aims to expand into global markets, enhance its Indian presence, boost edge AI and telemetry, and scale teams to support growth across commercial, public, and government infrastructure sectors.
Existing investors including IvyCap Ventures, Rebright Partners, Avaana Capital, Merisis Opportunities Fund, Nabventures, Blue Dot Capital, and Artek Chemicals also participated in the round.
This milestone is anchored by the Small Industries Development Bank of India (SIDBI), under the guidance of the Department of Financial Services (DFS).
The round also saw participation from Huddle, Campus Fund, Blume Founders Fund, and angel investors including Nitin Sharma (Nexus Venture Partners) and Sameer Brij Verma (Northpoint Capital).
The fresh funding reinforces AmpereHour Energy's position as a key player in the energy storage market, driving the transition to renewable energy with reliable, scalable, and cost-effective solutions.
The fund is backed by Green Climate Fund (GCF), DFC, UKIDCF, SRI Fund, SIDBI, Azim Premji Trust, and corporate supporters, marking GCF's first direct investment in India.
The Bengaluru-based startup aims to deploy the raised funds to bolster its technology and product teams, enhance its platform offerings, and expand its market presence.
Whether it be green hydrogen, EVs, solar energy, batteries, or renewable energy, India is becoming a major market for climate-change projects. Sovereign funds and long-term investors are eager to contribute significant sums to initiatives addressing climate concerns.