About Indi Energy
Indi Energy is an Energy & Utilities company based in Roorkee (India) founded in 2019 by Asit Sahoo, Akash Soni, Yogesh Kumar Sharma, and Nagesh Kumar. Cost-effective sodium-ion batteries and components are developed. Indi Energy has raised $1.59 million across 3 funding rounds from investors including Mumbai Angels, FinKurve and TIDES Business Incubator. Indi Energy was last valued at $919.65 thousand in April 2022. Its chief executive, as recorded, is Akash Soni. Its website indienergy.in draws about 11 thousand monthly visits. Its Indian entity Indigenous Energy Storage Technologies Private Limited reported revenue of ₹34.7 Lakh. Indi Energy offers products and services including Sodium-ion Batteries, Hard Carbon (BioBlack™), Sodium-ion Cathode, Sodium-ion Electrolyte, and Customized Sodium-ion Battery Packs. Its focus areas include Energy Tech, Energy Storage Tech, Battery and Secondary Battery.
Company details
Indi Energy was founded in 2019 in Roorkee, India, within the energy storage sector. Sodium-ion batteries, along with hard carbon anodes, cathodes, and electrolytes, are developed and commercialized as alternatives to lithium-ion and lead-acid options. Customized battery packs are provided for various applications and environmental conditions, emphasizing energy efficiency and cycle life while adhering to quality standards.
- Headquarters Roorkee, India
- Founders Asit Sahoo, Akash Soni, Yogesh Kumar Sharma, Nagesh Kumar
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website indienergy.in
- Social LinkedIn X Facebook YouTube
- Legal Name Indigenous Energy Storage Technologies Private Limited
- Date of Incorporation 29 Apr, 2019
- Jurisdiction Noida, Uttar Pradesh, India
- Annual Revenue₹34.7 Lakh
FY 2024 · -48% YoY
- Net Profit₹1.5 Lakh
FY 2024 · 4% margin
- EBITDA₹25.9 Lakh
FY 2024 · 75% margin
- Total Equity Funding$1.59M (USD)
in 3 rounds
- Latest Funding Round$1.5M (USD), Seed
Apr 2022
- InvestorsMumbai Angels
& 29 more
Associated legal entities of Indi Energy
Indi Energy operates through Indigenous Energy Storage Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Indigenous Energy Storage Technologies Private Limited CIN U31906UP2019PTC116307 | Active | 29 Apr 2019 | Noida, Uttar Pradesh | ₹0.3 Cr | 5 | View details |
Products & Services of Indi Energy
Indi Energy offers a comprehensive portfolio of products and services, including Sodium-ion Batteries, Hard Carbon (BioBlack™), Sodium-ion Cathode, Sodium-ion Electrolyte, and Customized Sodium-ion Battery Packs.
Cost-effective batteries for renewable energy and mobility applications
Anode material from agricultural waste for Sodium-ion systems
High-performance material for efficient energy storage
Conductors for advanced liquid-state batteries
Tailored packs for diverse environmental applications
Apps and channels of Indi Energy
its YouTube channel Indi Energy has 337 subscribers and 4 videos.
Videos from Indi Energy
The most watched videos on Indi Energy's YouTube channel, Indi Energy (337 subscribers). Click a video to play it here.
More on Indi Energy.
Funding Insights of Indi Energy
Indi Energy has successfully raised a total of $1.59M across 3 strategic funding rounds. The most recent funding activity was a Seed round of $1.5 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.59M
- Total Rounds 3
- Last Round Seed — $1.5M
- First Round $13,500
(Mar 2020)
- Investors Count 30
All 3 funding rounds of Indi Energy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $1.5M | Seed | – | BIG Capital | |
| Jul 2021 | $81,126 | Seed | $917,591 | Mumbai Angels, Finkurve Financial Services | |
| Mar 2020 | $13,500 | Seed | $554,361 | TIDES Business Incubator | – |
Last known valuation $919,654 (Apr 2022). 30 investors in total: 6 institutional and 24 angel.
Investors in Indi Energy
Indi Energy has secured backing from 30 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Mumbai Angels, FinKurve and TIDES Business Incubator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity focused on software companies | bigcapllc.com | Weston, United States | ||
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
Startups in industrial, B2B, and enterprise verticals are invested in. | addventures.co.th | Bangkok, Thailand | ||
Startup incubator | 2011 | tides.iitr.ac.in | Roorkee, India | |
Financial technology services are delivered by the Mumbai-based association. | 1984 | finkurve.com | Mumbai, India | |
SM Satyakam Mohanty | unknown_09e6980ca65541a18 | |||
DK Darshan Kashi Deora | unknown_beafb4c5e92e42778 | |||
AC Aadil Cumer Ebrahim | unknown_26421ed3b2764e94a | |||
AI Amer Inayat Jaleel | unknown_5935d32ba1a8407bb | |||
AA Amit Ashok Khurana | Angel investor, co-founder of IndiaMART, focused on tech startups | unknown_4ad035d5e405469a9 |
Investor details for Indi Energy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Indigenous Energy Storage Technologies Private Limited (Indi Energy)
Indigenous Energy Storage Technologies Private Limited is the primary company behind Indi Energy. The board of Indigenous Energy Storage Technologies Private Limited currently have 5 directors; the longest-serving is Asit Sahoo, appointed in 2019. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Asit Sahoo DIN 08436575 | Director | 29 Apr 2019 | 7 yrs 6 mo | Indigenous Energy Storage Technologies Private Limited |
| Yogesh Kumar Sharma DIN 08436576 | Director | 29 Apr 2019 | 7 yrs 6 mo | Indigenous Energy Storage Technologies Private Limited |
| Akash Soni DIN 08436577 | Director | 29 Apr 2019 | 7 yrs 6 mo | Indigenous Energy Storage Technologies Private Limited |
| Nagesh Kumar DIN 08676571 | Director | 22 Jan 2020 | 6 yrs 9 mo | Indigenous Energy Storage Technologies Private Limited |
| Bhabani Prasad Mohanty DIN 03152131 | Director | 11 Aug 2021 | 5 yrs 2 mo | Indigenous Energy Storage Technologies Private Limited |
People of Indi Energy
4 people are tracked at Indi Energy (4 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder & CEO | Leadership | |
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Indi Energy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Indi Energy
Figures of Indigenous Energy Storage Technologies Private Limited, the primary company behind Indi Energy, for FY 2024. Revenue was ₹34.7 Lakh (-48% year on year). Net profit was ₹1.5 Lakh (4% margin). EBITDA was ₹25.9 Lakh (75% margin). Revenue has grown at a compounded annual rate of +1203% over three years.
- ₹34.7 LakhRevenue · FY 2024 · -48% YoY
- ₹1.5 LakhNet profit · 4% margin
- ₹25.9 LakhEBITDA · 75% margin
- ₹2.2 LakhPaid-up capital
- +1203%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Indigenous Energy Storage Technologies Private Limited are on its company page.
Detailed financial statements for Indi Energy
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Indi Energy
3 dated milestones of Indi Energy across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Indi Energy is founded.
- Funding First funding round of $14K.
- Funding Latest funding round, Seed, of $1.5M.
Web traffic of Indi Energy
The website of Indi Energy (indienergy.in) receives about 11.5K visits a month.
- Monthly visits11.5K
▲ 199.5% vs previous month
Top companies in Energy Storage Systems
2 companies that operate in the same segment as Indi Energy (Energy Storage Systems) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of EV battery-swapping network | 2019 | Gurugram, Haryana, India | USD 187.76 M | USD 22.56 M | 482 | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | USD 34.18 M | 177 |
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Related news about Indi Energy
Complete news archive for Indi Energy
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Frequently Asked Questions about Indi Energy
Indi Energy was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Indi Energy is headquartered in Roorkee, India. It is registered at Roorkee, Uttarakhand, India.
Akash Soni is the CEO of Indi Energy, as recorded in our data. They have also founded this company.
Indi Energy is a funded company, having raised a total of $1.59M across 3 funding rounds to date. The company's 1st funding round was a Seed of $13.5K, raised on Mar 2020.
The primary company behind Indi Energy, Indigenous Energy Storage Technologies Private Limited, reported revenue of ₹34.7 Lakh for FY 2024, down 48% year on year.
Indi Energy was founded in 2019 in Roorkee, India, within the energy storage sector. Sodium-ion batteries, along with hard carbon anodes, cathodes, and electrolytes, are developed and commercialized as alternatives to lithium-ion and lead-acid options. Customized battery packs are provided for various applications and environmental conditions, emphasizing energy efficiency and cycle life while adhering to quality standards.
Indi Energy offers Sodium-ion Batteries, Hard Carbon (BioBlackâ„¢), Sodium-ion Cathode, Sodium-ion Electrolyte, and Customized Sodium-ion Battery Packs.
Indi Energy has 30 investors. Key investors include Mumbai Angels, FinKurve, TIDES Business Incubator, BIG Capital, and AddVentures.
The valuation of Indi Energy is $919.65K as of Apr 2022.
Indi Energy operates through Indigenous Energy Storage Technologies Private Limited.
The legal entities of Indi Energy currently have 5 directors, including Asit Sahoo, Yogesh Kumar Sharma, Akash Soni and others.