e-TRNL Energy raises Rs 27.4 Cr seed round led by IAN Group

Battery cell technology  startup e-TRNL Energy has raised Rs 27.4 crore (around $3 million) in a seed funding round led by IAN Group through its IAN Alpha Fund. The round also saw participation from Navam Capital, Speciale Invest, and other investors.

The proceeds will be used to complete product development, validate performance and safety, and demonstrate manufacturing capability in India.

Founded in 2021 by Apoorv Shaligram and Dr. Uttam Kumar Sen, e-TRNL Energy is developing next-generation battery cell technology focused on redesigning core cell architecture and manufacturing processes. 

The startup has established a 20,000 sq. ft. R&D and early manufacturing facility in Bengaluru. It has been granted two patents and has filed additional patent applications.

e-TRNL plans to set up a 250 MWh pilot manufacturing facility by 2027, with plans to scale to 2 GWh capacity later. 

Its first product will use LFP (Lithium Iron Phosphate) chemistry, with future development planned for LMFP and sodium-ion batteries.