Private startup Adiabatic Technologies has secured ₹8.3 crore in seed funding led by Malpani Ventures and Avinya Ventures. The capital will support plans to expand lithium-ion battery manufacturing capacity to 100 MWh for drones, robotics, and defense sectors. As a private entity, Adiabatic Technologies is not listed on stock exchanges and its shares are not available for public trading.
Adiabatic Technologies, an Indian startup focused on energy technology, has successfully raised ₹8.3 crore in a seed funding round. The investment was led by venture capital firms Malpani Ventures and Avinya Ventures. Other participants in the round included Appreciate Capital, DeVC, Operators Studio, and the UPES Incubator.
The company plans to use the new funds to scale its manufacturing operations. A key target of this capital deployment is to increase the company’s annual lithium-ion battery production capacity to 100 megawatt-hours (MWh). Additionally, the startup intends to use the funds to expand its engineering workforce and accelerate the development of new product lines designed for high-performance applications.
Founded in 2022, Adiabatic Technologies specializes in developing customized lithium-ion battery packs, smart chargers, and proprietary battery management systems (BMS). The company creates these components specifically for original equipment manufacturers (OEMs). Its technology is targeted at demanding sectors such as industrial robotics, unmanned aerial systems (drones), defense equipment, electric mobility, and maritime applications. The startup claims to have already deployed over 20,000 battery systems to more than 25 different manufacturers since its inception.
The battery storage and electric component sector in India is seeing increased interest as industries move toward automation and electrification. By focusing on specialized designs that handle high power output and rapid charging, Adiabatic Technologies aims to cater to niche industrial requirements that differ from standard consumer-grade battery needs.
For investors, it is important to note that Adiabatic Technologies is a private, unlisted company. It does not trade on the National Stock Exchange (NSE) or the Bombay Stock Exchange (BSE). Because it is not a publicly traded entity, retail investors cannot buy its shares or track its daily stock price movements. The company’s growth remains internal and tied to its private operational performance.
While the funding marks a milestone for the startup, the company faces the typical challenges of a growing business in the hardware sector. Scaling manufacturing capacity to 100 MWh involves significant execution risks, including the need to maintain quality, manage supply chains, and compete with larger, more established battery component suppliers. The success of the venture will depend on its ability to sustain demand for its custom battery solutions in the competitive robotics and drone markets, as well as its ability to manage the capital costs associated with building industrial-scale manufacturing facilities.