Overview
- The Series A is led by Archean Chemicals with participation from Ankur Capital, and TechCrunch reports a post-money valuation around $58 million and a 21% stake for Archean.
- Offgrid will use the funding to build a 10 MWh demonstration facility in the United Kingdom targeted for the first quarter of 2026.
- The company says it expects to begin commercial sales by the first quarter of 2026, with a larger manufacturing plant in India planned as the next phase.
- Offgrid’s ZincGel uses zinc‑bromine chemistry and a water‑based electrolyte, which the company claims offers 80–90% of lithium’s energy efficiency at lower cost with longer discharge capability and reduced fire risk, including operation down to −10°C.
- Early testers include Shell and Tata Power, and Offgrid says it has secured more than 25 IP families and over 50 IP assets across major markets.