Instagrid Valuation, Funding & Investors

Battery Smart is a Delhi-headquartered network operating over 1,000 battery swapping stations for electric two-wheelers and three-wheelers across 35 Indian cities. Founded in 2019, it deploys interoperable 48V lithium-ion twin battery packs compatible with Bajaj, Piaggio, and Mahindra e-rickshaws, enabling 60-kilometer range per swap.

Lunar Energy is a Palo Alto-headquartered clean energy company founded in 2020. The firm engineers home electrification products including smart panels, EV chargers, and battery storage systems that interconnect into virtual power plants. Deployments span the United States and Europe to aggregate residential capacity for grid stabilization.

Hexagon Composites ASA is a supplier of clean energy technology for gas storage, distribution, fuel systems, and drivetrains. Its operating segments are Hexagon Agility & CNG LDV, Hexagon Purus, Hexagon Digital Wave, and Hexagon Ragasco LPG. Hexagon Agility & CNG LDV segment offers natural gas fuel systems and delivery solutions for the mobility market. Hexagon Purus is a provider of technology needed for zero-emission mobility. The Hexagon Digital Wave segment offers cylinder testing and monitoring technology. Hexagon Ragasco LPG segment is a manufacturer of composite LPG cylinders. It operates through Europe, North America, Southeast Asia, the Middle East, and Norway geographic regions.

Xingchen New Energy is a producer of all-vanadium redox flow energy storage systems, encompassing electrolytes, membrane electrode assemblies, core components, and full systems. The firm delivers safer, high-performance storage options for grid-scale and industrial applications via sne.tech.

InoBat is a Bratislava-based battery R&D and manufacturing company targeting Europe's electro-mobility, energy storage, and hydrogen markets. It develops solid-state and lithium-sulfur cells with partners like Rio Tinto and Varta, operating a gigafactory pilot in Slovakia's automotive cluster. InoBat supplies prototypes to Volkswagen and Siemens, leveraging CEE petrochemical expertise for electrolyte production since 2019.

Lohum is a Greater Noida-based lithium-ion battery recycler and pack assembler supplying cathode precursors to Indian EV makers like Ola Electric and Hero MotoCorp. Its hydrometallurgical plant recovers 95% nickel, cobalt, and lithium from spent cells processed at 10,000 tons annually. Lohum manufactures 100kWh packs for two-wheelers and e-rickshaws using recycled materials. Facilities in Jammu recover graphite anodes for stationary storage.

Ambri is a Marlborough, Massachusetts-headquartered developer of liquid metal batteries for grid-scale energy storage. The technology supports renewable integration and grid stabilization with long-duration, low-cost performance suitable for utility-scale applications.

Nanotech Energy is a materials supplier of graphene-based batteries and supercapacitors licensed from UCLA. Its graphene anodes enable charging in minutes and cycle lives exceeding traditional lithium-ion cells. Fremont-headquartered, the company produces conductive inks, antistatic coatings, and EMI shielding films for electronics and energy storage devices.

Antora Energy is a Sunnyvale-based provider of zero-carbon heat and electricity for heavy industries such as cement, steel, and chemicals. Its thermal batteries capture excess renewable energy from solar and wind sources to heat carbon blocks to glowing temperatures, delivering on-demand industrial process heat surpassing fossil fuel reliability. Founded in 2018, the company partners with utilities and manufacturers across North America to deploy modular systems that integrate with existing infrastructure for decarbonization.

Solid Power Inc is engaged in solid-state battery technology and manufacturing processes. Its core technology is a sulfide-based solid electrolyte material, which replaces the liquid or gel electrolyte used in traditional lithium-ion battery cells. Its commercialization plan is to manufacture and sell electrolytes to Tier 1 battery manufacturers and automotive original equipment manufacturers (OEMs) that choose to produce its battery cells.

Factorial Energy Inc is an American solid-state battery innovator backed by In-Q-Tel - the not-for-profit strategic investor for the U.S. national security community and America's allies - and Mercedes-Benz, Stellantis, Hyundai, and Kia. Through its proprietary FEST and Solstice platforms, engineered for scalable manufacturing, it delivers industry performance across defense, space, and energy storage applications. Mercedes-Benz's real-world road testing in a lightly modified test vehicle achieved over 1,200 km of range on a single charge, while Stellantis-lab testing verified 77 Ah cells demonstrating high energy density, fast-charging, and robust use for energy and power performance across temperature extremes.

Highview Power is a developer of Liquid Air Energy Storage systems for utility-scale and distributed power applications. The company designs customizable LAES facilities from 5MW/20MWh up to 100MW/1,000MWh capacities, utilizing liquid air as the storage medium to address demands in the multi-billion-dollar energy storage market.

FTAI Infrastructure Inc is engaged in five segments; Railroad segment includes five freight railroads and one switching company that provide rail service to certain manufacturing and production facilities, the Jefferson Terminal segment consists of a multi-modal crude oil and refined products terminal and other related assets. Repauno segment consists of a 1,630-acre deep-water port located along the Delaware River with an underground storage cavern, a new multipurpose dock, a rail-to-ship transloading system, and multiple industrial development opportunities. Power and Gas segment is comprised of an equity method investment in Long Ridge, and Sustainability and Energy Transition segment is comprised of Aleon/Gladieux, Clean Planet, and CarbonFree.

Veken Technology Co Ltd is engaged in the manufacturing and sales of lithium-ion batteries. Its products portfolio includes 3C Digital battery and Power battery. The company products cover ares such as passenger car, special vehicle, household appliances, and energy storage batteries. It is also used in smartphones, tablets, notebook, and computers.

Matthews International Corp is a provider of memorialization products, industrial technologies and brand solutions. The company's segments are Memorialization, Industrial Technologies and Brand Solutions. The memorialization offerings include bronze and granite memorials, caskets, and cremation-related products and equipment for cemeteries and funeral homes. Its Industrial Technologies segment designs, manufactures, services, and sells custom energy storage systems and product identification and warehouse automation solutions. The Brand Solutions segment provides brand management, pre-media, printing plates and cylinders, imaging, digital asset management, merchandising displays, and marketing and design services. The majority of revenue is generated by Memorialization.