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Waaree Energies to Build Largest Lithium-Ion Battery Factory in India at a Cost of $899 Million

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Waaree Energies to Build the Largest Lithium-Ion Battery Gigafactory in India at a Cost of $1 Billion

Clean-tech manufacturing in India continues to scale after Waaree Energies announced plans to build the largest integrated lithium-ion battery factory in the country. The 16 GWh lithium-ion manufacturing project is spearheaded by subsidiary Waree Energy Storage Solution (WESSPL), and will be located at Rambilli in Anakapalli district of Andhra Pradesh and is designed to produce cells, battery packs, and grid-scale storage systems within a single vertically integrated facility.

Project Overview

Investment: about ₹8,175 crore ($899 million)

Capacity: 16 GWh lithium-ion manufacturing

Location: Rambilli, Anakapalli district, Andhra Pradesh

Jobs: 3,000 direct positions

Status: Received in-principle approval from the state investment board

What the Integrated Waaree Lithium-Ion Battery Gigafactory in Andra Pradesh Means for India

The project is a major step in India’s push to localize energy-storage manufacturing. Currently, India is importing a significant share of lithium-ion cells and battery energy storage systems, making investment in domestic battery production a priority for energy security and supply-chain resilience.

The Andhra Pradesh government has also been aggressively pursuing an integrated clean-energy industrial ecosystem. It has done this through incentivizing renewable projects, component manufacturing, and storage infrastructure through its Integrated Clean Energy Policy 2024. Additionally, the state is also positioning itself as a vertically integrated hub combining renewable generation, solar manufacturing, and critical-minerals processing. India also recently commissioned GoodEnough’s 7 GWh battery manufacturing facility in Uttar Pradesh following an investment exceeding Rs 450 crore ($49 million).

Waaree Energies to Build the Largest Lithium-Ion Battery Factory in India at a Cost of $899 Million

Officials also describe the gigafactory as the next phase of ‘backward integration’ into advanced storage technologies after investments in solar manufacturing.

Project Factsheet for Waaree Lithium-Ion Battery Factory in Andra Pradesh, India

Developer: Waaree Energies

Investment: ₹8,175 crore ($899 million)

Capacity: 16 GWh

Location: Rambilli, Anakapalli district, Andhra Pradesh

Jobs: 3,000 direct openings

Scope of production: Cells, packs, grid-scale BESS manufacturing

Status: Approved in principle

Significance: India’s largest integrated battery factory

Project Scope and Technology Use at the Largest Lithium-Ion Battery Factory in India

The facility is designed as a fully integrated battery manufacturing platform covering:

  • Cell fabrication
  • Battery pack assembly
  • Large-scale battery energy storage systems (BESS)

This integrated structure sets it apart from most existing Indian plants, which typically focus on one segment of the battery value chain rather than end-to-end production.

Project Financing

  • Total project cost: ₹8,175 crore
  • Investor: Waaree Energies via subsidiary WESSPL
  • Government support: State-level approvals and policy incentives under Andhra Pradesh’s clean-energy industrial strategy

No external lenders or tax-equity partners had been publicly disclosed yet at the time of writing.

Project Team Backing Waaree Lithium-Ion Battery Factory in India

Owner and Developer

  • Waaree Energies

Project Entity

  • Waree Energy Storage Solution Pvt Ltd (WESSPL)

Government and Regulatory Stakeholders

  • Andhra Pradesh State Investment Promotion Board serving as the approval authority
  • Government of Andhra Pradesh providing policy incentives

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