Battery storage sector expanded with Artha Bharat's involvement in a UK-based company
In a significant move, Artha Bharat Investment Managers IFSC LLP, a fund management firm based in GIFT City, has entered the battery storage sector. The company has recently acquired a minority stake in a UK-based battery storage firm, marking its initial move into this space.
This strategic investment is not the only move Artha Bharat is making in the battery storage sector. Reports suggest an increase in Artha Bharat's holdings in Invinity Energy Systems, a UK-based company specializing in battery storage technologies. This expansion of investment indicates a growing interest or expanded commitment in this sector beyond just the initial minority stake.
However, details about other new or separate investments by Artha Bharat in the battery storage sector beyond these stakes are not yet confirmed. For now, it appears that their focus in this sector is primarily through strategic minority investments in established UK-based battery storage firms.
Meanwhile, Vivriti Asset, another player in the Indian investment landscape, is tapping foreign investors for its GIFT City fund. The fund has already raised over half its corpus, and an European institutional investor has been onboarded for this fund.
Elsewhere, Carpediem has started work on a continuation fund for its debut vehicle portfolios. However, these developments are not directly related to the battery storage sector.
The Budget 2025 is making GIFT City even more attractive for investors, with its incentives and favourable policies. The exact reasons behind Artha Bharat Investment Managers IFSC LLP's entry into the battery storage sector are not specified in the available information.
It is also worth noting that Artha Bharat is in talks to pick up a minority stake in another battery storage company, but the name of the company has not been disclosed. The timeline of these investments or negotiations is also not available at this time.
The amount or equity percentage of Artha Bharat's investments in the battery storage sector is not specified in the available information. As more details emerge, it will be interesting to see how Artha Bharat continues to shape its presence in this growing sector.
Artha Bharat Investment Managers IFSC LLP is expanding its business by increasing its holdings in the battery storage sector, as demonstrated by its recent investment in Invinity Energy Systems, a UK-based company specializing in battery storage technologies. Furthermore, the company is reportedly in negotiations to acquire a minority stake in another battery storage firm, showing continued interest in this investing area.
