LivGuard raises Rs220 crores from ChrysCaptial and Ncubate Capital to fuel future grow
Posted on: 04/Apr/2019 7:25:58 PM
LivGuard, India’s fastest growing automotive battery, inverter battery and solar manufacturer, has raised over Rs 170 crores from ChrysCapital and Rs 50 crores from Ncubate Capital Partners (investment arm of the SAR Group) to fuel its ambitious expansion plans and become a top 3 integrated energy storage company in India over the next few years.
ChrysCapital, is India’s largest home-grown private equity fund with an AUM of approximately $4 bn, having made 80+ investments in India and delivered over 65 exits.
Started in 2014, LivGuard has already established itself as a strong player in the energy solution space in India and global markets. The brand operates under the SAR Group, which has an incredible legacy of 30 years.
The investment will help LivGuard to further accelerate its growth across all segments through capacity enhancement, moving into electric vehicle lithium battery space, new product development, brand and distribution.
