A game-changing, ₹501 Cr (INR) startup disrupting the $800 billion global energy storage market
The energy storage industry in India has witnessed a game-changing moment with the official launch of Cellvest Energy Private Ltd., a next-generation energy startup that is redefining businesses access to battery storage solutions. The high-profile event, held at Conrad Hotel, Bangalore, brought together industry leaders, policymakers, and Global energy experts to discuss the future of sustainable power.
With a market valuation of ₹501 Cr, Cellvest is addressing some of the most pressing challenges in the energy sector, including high capital costs, short battery lifespans, and limited access to cutting-edge storage technology. Unlike traditional models that require businesses to make heavy upfront investments, Cellvest is pioneering a flexible financing model, offering options to rent, lease-to-own, or purchase battery solutions outright, making sustainable energy more accessible than ever before.
“The energy transition cannot happen if storage remains financially out of reach for businesses. At Cellvest, we are eliminating this barrier by providing companies with a smarter way to adopt green energy—through financing models that fit their needs, whether it’s rental, lease-to-own, or purchase,” said Vijay Kallat, Managing Director of Cellvest Energy Private Ltd. “Our solutions are designed to be affordable, scalable, and long-lasting, ensuring that businesses never have to compromise on sustainability due to cost.”
During the launch event, Cellvest’s leadership team spoke about the next-generation battery technology, which lasts up to five times longer than conventional storage solutions, and can be deployed at an ultra-affordable USD 10-15 per kW. The company also shared insights into its global expansion strategy, highlighting partnerships and its commitment to scaling operations globally.
“For too long, businesses have had to choose between sustainability and affordability. With Cellvest, they no longer have to make that choice. By combining best-in-class battery technology with innovative financing, we are making clean energy solutions viable for industries of all sizes,” added Krishnadeep Menon, Director of Cellvest Energy Private Ltd.
The event concluded with the agreement between Cellvest Energy and Cellex Battery Systems reinforcing Cellvest’s position as a disruptor in the $800 billion global energy storage market. The company is now actively working on projects with industries across the globe further strengthening its vision of making sustainable power truly accessible for all.
