Deeptech startup Meine Electric raises $750K in pre-seed round
- ByStartupStory | January 23, 2026
Meine Electric, a deeptech energy storage startup, has raised $750,000 (around Rs 6.7 crore) in a pre-seed funding round led by Antler, Rebalance and Venture Catalysts. The round also saw participation from gradCapital, AIC-AU Incubation Foundation, and a group of angel investors.
The funding will be used to move the company from lab-scale prototypes to pilot-ready iron-air battery systems and to strengthen its research and engineering capabilities.
Founded in 2023 by Priyansh Mohan and Stuti Kakkar, Meine Electric is building iron-air long-duration energy storage (LDES) systems, positioning itself as the first company in APAC and among the few globally working on this technology. The startup is focused on batteries designed for 16–24 hours of storage, aimed at supporting round-the-clock renewable energy usage.
Iron-air batteries use abundant materials such as iron, air and water and operate through a reversible rusting process. Unlike lithium-ion batteries, which are typically viable for short-duration storage, iron-air systems are designed for daily cycling and long-duration use, making them suitable for solar-heavy grids.
Meine Electric claims its technology is capable of operating at a lower cost of storage compared to existing battery solutions and is optimised for faster charge and discharge to match solar generation cycles.
The firm operates from a 5,000 sq ft facility in Chennai, which is being set up for pilot production. It has secured four granted patents and seven international patent filings related to its technology.
Going forward, Meine Electric plans to build grid-connected prototypes, followed by larger pilot deployments, with a target to launch containerised iron-air battery systems by 2027. The startup is also engaging with power producers and commercial and industrial customers for pilot projects.
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