Gruhas

Battery Energy Storage Systems (BESS) are crucial to India’s energy transition, providing reliable storage for solar and wind energy while improving grid stability. As of March 2024, India’s BESS capacity reached 219.1 MWh, with 120 MWh added in just the first quarter, largely driven by solar PV, which accounts for 90.6% of this total. The government’s ambitious ₹37.6 billion Viability Gap Funding (VGF) program aims to deploy 4 GWh of BESS by 2026, supporting renewable integration goals. States like Chhattisgarh have taken the lead, with 54.8% of the nation’s BESS installations, while Rajasthan is set to expand capacity, propelled by favorable renewable policies. India’s BESS market also benefits from significant cost reductions, with capital costs dropping nearly 70% from $450 to $150 per kWh between 2021 and 2024, driven by advances in lithium-ion and emerging sodium-ion technologies. BESS is now positioned to play a transformative role in decentralized power systems, microgrids, and electric vehicle (EV) integration, creating synergy across sectors and reducing reliance on fossil fuels. 1. Grid Savings Potential: BESS mitigates supply-demand mismatches, saving an estimated INR 50,000 crore annually. 2. Future Demand: The Central Electricity Authority projects a BESS requirement of 32 GW/160 GWh by 2030. 3. EV Impact: India’s EV push will drive a demand for 600 GWh in batteries by 2030, with second-life EV batteries contributing an additional 50 GWh for stationary storage. With this progress, how can India accelerate BESS adoption to bridge regional gaps and enhance energy access nationwide? Nikhil Kamath Abhijeet Pai

In a promising leap, India’s energy storage pipeline shows an impressive upward trend, with 2026 projected to hit over 13,000 MW across various technologies, a stark increase compared to the 2024 figure of under 4,000 MW. This massive boost highlights a shift towards a diversified mix of Renewable Energy (RE) with Battery Energy Storage Systems (BESS), and other combinations like PVC + BESS, which are rapidly gaining traction. Notably, Renewable Energy (RE) with Real-Time Clock (RTC) and BESS make up the bulk of the pipeline for 2026, showcasing India's focus on enhancing grid stability and meeting peak demands. By 2030, the focus on BESS becomes even more significant, with over 51.5 GW dedicated solely to standalone BESS solutions. This trend aligns with India's recent national commitment to achieving 500 GW of renewable energy capacity by 2030, a step aimed at combating climate change and achieving energy independence. This infrastructure expansion not only accelerates clean energy adoption but also opens the door to a resilient, 24/7 power grid, paving the way for a sustainable future.

India's battery energy storage market is poised for a major shift. Remarkably, prices have already dropped by 70% over the last four years, making energy storage more accessible than ever. As of March’24, the average cost of lithium-ion battery systems is around $150 per kWh, down from $300 per kWh just a few years ago. This significant reduction is crucial for driving the widespread adoption of renewable energy, enabling India to advance towards its ambitious target of achieving 500 GW of renewable energy capacity by 2030. - Current average lithium-ion cost: $130 per kWh. - Potential annual savings of over $7 billion for consumers. How will advancements in energy storage technology facilitate the larger-scale adoption of renewable energy in India?

Excited to announce our investment in Primus Senior Living, a pioneering eldercare platform under the leadership of Adarsh Narahari. At Gruhas, we believe in supporting innovative solutions that positively impact lives, and Primus is redefining how senior care is delivered in India, offering a holistic, home-centric approach that empowers elders to age with dignity and purpose. Nikhil Kamath, Co Founder Zerodha, Gruhas, True Beacon said - "India could become a really exciting destination for retirement migrants in the next decade. Think about it—our hospitality, our culture, our landscapes—we’ve got all the right ingredients to build a compelling ecosystem for retirees, both local and global. The eldercare space could be a huge entrepreneurial opportunity as well. India is getting older, and with the rise of nuclear families, we need to rethink how we take care of our elderly. The traditional approach doesn’t always work anymore. We need new-age solutions—like what Primus is creating—to give people the care, comfort, and dignity they deserve as they age. This is just the beginning." Money Control Article Link: https://lnkd.in/g4-yFRXK Nikhil Kamath | Abhijeet Pai

At Gruhas, we’re committed to investing in ventures that make a lasting impact. BASIC Home Loan’s mission to make homeownership accessible for middle- and low-income families aligns perfectly with our values. Gruhas is proud to support BASIC Home Loan on their remarkable journey to revolutionize affordable home financing in India. We remain steadfast in our belief in Basic and its transformative mission. We’re excited to welcome new investors, including Bertelsmann India Investments, CE Ventures (CEIIF), Ashish Kacholia, 9 Unicorn, and others who share our vision. Together, we are committed to driving forward this mission and ensuring Basic’s continued growth and impact. BASIC is set to deepen its impact, especially in Tier 2 and Tier 3 cities. Since its inception in 2020, BASIC’s progress has been nothing short of extraordinary: 1) 250,000+ families have been assisted 2) $12B+ in loan applications sourced, and 3) $1.1B in loans disbursed—and counting. As BASIC enters its next phase of growth, they are focusing on: (a) Strengthening their lending advisory model (b) Innovating with cutting-edge technology and products to meet the evolving needs of homebuyers. (c) Expanding their risk-sharing FLDG model, offering customized financial solutions for lower-income households. Nikhil Kamath Abhijeet Pai

Generative AI is steadily resolving delays in India's legal landscape ⚖—streamlining everything from document drafting to predictive case analysis. Currently, only 7% of India's law firms (primarily large firms) are using AI tools, but this figure is expected to double in the next 3-4 years. AI is already cutting research time by nearly 30%, allowing lawyers to focus more on strategic thinking and client consultations. The adoption will unfold in three waves: - Wave 1: AI and E-courts streamline administrative tasks, reducing delays in legal research and document processing. - Wave 2: Large firms use AI for routine tasks, while small firms begin adopting it for legal research. - Wave 3: By 2030, 50-60% of legal tasks will be automated, with DIY legal solutions and automated litigation analytics. With AI-powered systems, Indian firms can review over 1 million documents in just a few hours—vastly accelerating litigation processes and increasing efficiency by 70%. As this technology evolves, the future of Indian law is set to become smarter, faster, and more.. Nikhil Kamath Abhijeet Pai

Our Vice President, Rahul Joshi, will be speaking at the Asia PropTech Forum 2024! Join him for an insightful panel discussion on "Tech Trends: Exploring the Changing Dynamics of the Investment Landscape in Real Estate Innovations" this Saturday, 28th September, at Hotel Radisson, Hitec City, Hyderabad. Asia PropTech Forum

The AI Wave is Rising — Can Indian Law Firms Catch Up? In India, while AI is revolutionizing industries, the legal sector is still catching up. Global Firms that have adopted AI are seeing an 18% increase in client retention, driven by faster turnaround times. Yet, only 15% of small law firms are currently using AI, even though AI-powered tools can cut legal documentation time by up to 70%. The adoption of generative AI tools varies significantly across the legal sector. Large law firms lead the way with 15% using AI weekly, while smaller firms and solo practitioners are slower to adopt, with 11% using it weekly. Meanwhile, 42% of in-house legal teams haven't started using AI yet, though many plan to. - AI could cut legal research costs by 25-30% in the next five years. - Firms using AI report a 30% increase in profitability due to operational efficiency. - 65% of legal professionals expect AI to be essential in litigation support by 2030. As AI continues to reshape the legal world, firms that embrace it early will gain a significant edge—saving time, cutting costs, and improving client outcomes.

India's Legal System Needs a Breakthrough – Can AI Be the Answer? With over 40 million pending cases clogging India's courts, the legal system is crying out for a solution. Cases can take years, even decades, to resolve, but AI is stepping in to change that. By streamlining legal research, document processing, and case management, AI could reduce the case backlog by 20%, according to the National Judicial Data Grid. Imagine a legal system where time-consuming tasks are automated, allowing lawyers to focus on what really matters – winning cases and delivering justice. But it’s not just the courts feeling the AI revolution. Indian law firms, often spending 30-40% of their time on repetitive tasks like contract analysis and due diligence, are starting to see major time savings. Globally, firms using AI are completing contract drafts 30% faster and slashing document review times by 40%. In corporate India, AI-powered dispute resolution could save millions and cut case resolution times by half. AI is ready to unlock new levels of speed, efficiency, and affordability in India's legal space. The real question is: Are we ready to embrace this technological wave and finally fix the system?

The Great Indian Startup Summit is just around the corner—only a few days away!
Thanks to The Builders Club, this year's summit promises an exceptional experience with top-notch speakers and partners.
Make sure you're there to meet leading startups, CXOs, and investors. Event Highlights: 300+ Founders 100+ Investors 30+ Speakers The Great Indian Startup Summit Where: The Koramangala Club, Bangalore When: 13th September, 9am Onwards Registration Link: https://bit.ly/tbcsummit