Get All Access for $5/mo

Energy Storage Start-up, LivGuard, Raises $32 Million Founded in 2014, LivGuard is a one-of-its-kind energy storage space in India

By Bhavya Kaushal

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

Founded in 2014, LivGuard is a one-of-its-kind energy storage space in India. Today, it boasts off an impressive product portfolio including inverters/inverter batteries, automotive batteries, stabilizers and solar batteries. LivGuard was founded by Rakesh Malhotra and Navneet Kapoor.

Recently, LivGuard raised $32 million (220 crores) from private equity fund ChrysCapital, and Ncubate Capital Partners. Entrepreneur India spoke to Gurpreet Singh Bhatia, CEO, LivGuard Energy Technologies Pvt Ltd. over an email exchange on his plans post the fun raise and how his venture is disrupting the sector.

Entering a Disruptive Space

How will the utilization of funds take place? Bhatia says, "The investment will help LivGuard accelerate its growth across all segments through capacity enhancement, moving into electric vehicle lithium battery space, new product development, brand and distribution."

The root of any idea stems from the need to eradicate a predicament. The same can be said for the purpose that LivGuard has taken.

Bhatia shares that he identified the problem of frequent power cuts as a problem and developed fast charging inverters with higher backup batteries. His venture is endeavouring to solve the problems of the ecosystem, "LivGuard is gaining a deep understanding of current and emerging applications and developing innovative product and services. These are differentiated and deliver customer value."

On the EV front, they are investing to continuously study the applications and develop technologically advanced products alleviating range anxiety, delivering power and life. It has also built a strong pan-India distribution network along with an excellent manufacturing footprint.

The Heart of All Activities

The company is in a unique differentiated position as a complete energy storage solution provider of inverters, inverter batteries, automotive batteries, stabilizers and solar batteries

Bhatia adds that innovation and technology are at the heart of everything that they do. He says, "We invest heavily in R&D to gain deep application knowledge to build our product and services." He also adds, "Our fast charging inverters with artificial intelligence, high backup 3D Technology batteries, web-based testers are some examples of what we have already brought to the market. In future, you can expect products which are connected and smart."

Surely, disruptions and great inventions don't happen overnight or in thin air. They require great attention and vision.

They have a clear strategy to grow the business over the next 5 years. He says, "We are committed to building the brand, creating a robust distribution and service network to be able to serve our customers. LivGuard is also readying itself for emerging technologies in EV and its ecosystem."

Bhatia is aware that LivGuard is a young brand in the market and its journey has just begun but he is also confident about making a mark in the industry and he fears no pressure or competition.

Bhavya Kaushal

Former Features Writer

I am a work-in-progress writer and human being. An English graduate from Delhi University, writing is my passion and currently, I was Entrepreneur India's start-up reporter. I love covering start-ups and weaving their stories into unforgettable tales with the power of ink! 
Branding

You Don't Need Thousands to Turn Your Business Idea Into Reality — Here's How I Did It on a College-Kid Budget

From creating the packaging designs online by myself to learning how to take professional product photos, I found ways to launch a company on a low budget. Here's how you can do it, too.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Marketing

How a Single PowerPoint Raised $300 Million for This Founder

Brandtech Group CEO David Jones explains what led him to leave his executive comfort zone to build an AI-powered tech empire from scratch.

Leadership

Driving Innovation Through Calculated Risk; Key Takeaways from the Entrepreneur India Event 2024

The convene also reinforced that innovation isn't just about technology. It's about improving processes, predicting future demands and making smarter decisions with the tools already available.

News and Trends

Swiggy Awards USD 270 Mn in ESOPs to CEO and Top Executives Ahead of IPO

Other key leaders, including co-founders Nandan Reddy and Phani Kishan, food marketplace CEO Rohit Kapoor, Swiggy Instamart head Amitesh Jha, CFO Rahul Bothra, HR head Girish Menon, and CTO Madhusudhan Rao, were also awarded additional shares under the ESOP programme.