peakAmp raises ₹12 Crore seed funding to power India’s battery future

PeakAmp has raised ₹12 Crore in a seed funding round led by Caret Capital, with participation from IIM Ahmedabad Ventures, and other angel investors.

Founded by Vijaay Gond and Aditya Sudhanshu in 2024, in Gurgaon, India, PeakAmp is building India’s first tech-enabled, full-stack solution for batteries.

They offer end-to-end services across the battery lifecycle—collection, logistics, disassembly, material recovery—serving clean-energy, EV, recycling, and sustainability sectors.

The fresh capital will be used to scale their operations, expand partnerships across the battery lifecycle, deploy more pilot projects, and build capacity for efficient extraction of critical materials—to contribute to India’s clean energy future and reduce import dependence.

• They’ve already run pilot projects with top industry players and formed partnerships across collection, logistics, disassembly, and material recovery.
• Their model is tech-enabled and partnership-driven, designed for scale, with a focus on sustainable resource recovery and circularity for batteries.