May 2026
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Largest Energy Storage Public Companies in India
Benchmark revenue and EBITDA valuation multiples for public comps like
Aegis Logistics and Ola Electric.
 | Aegis Logistics Ltd. is an oil, gas, and petrochemical logistics company based out of India. It operates a network of bulk liquid handling terminals, liquefied petroleum gas (LPG) terminals, filling plants, pipelines, and gas stations to deliver products and services. Clients consist mainly of Indian industrial companies and retail customers that utilize gas stations. The majority of revenue is derived from gas terminal operations. Gas logistics encompasses complete supply chain management and delivers both pressurized and refrigerated cargoes to several ports on the coastline of India, including its own LPG terminals. Terminals include tank farm installations and are connected by pipelines at various sites. The pipelines handle exportation and importation of various products. | $8 | -3% | $3B | $3B | 3.1x | 14.7x | ||
| Ola Electric Mobility Ltd is a pure EV player in India and is building vertically integrated technology and manufacturing capabilities for EVs and EV components, including cells. The company manufactures EVs and certain core EV components like battery packs, motors and vehicle frames at the Ola Futurefactory. Its business focuses on capturing the opportunity arising out of electrification of mobility in India and it also seeks opportunities to export its EVs in select international markets in the future. | $0 | -11% | $2B | $2B | 7.7x | (22.2x) | ||
| Median | $4 | -7% | $2B | $2B | 5.4x | (3.7x) |
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