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Waaree Storage Arm Raises Rs 1,003 Crore, Backs 20 GWh Lithium-ion Cell Plant

Fund raise anchors Rs 10,000 crore capex plan to build large-scale battery manufacturing facility in India Waaree Energy Storage Solutions (WESSPL), a subsidiary of Waaree Energies, has raised around Rs 1,003 crore from a group of strategic investors to advance its plans for a 20 GWh lithium-ion cell and battery pack manufacturing facility in India. […]