Cygni Energy
Cygni Energy is a Hyderabad-based energy storage company that manufactures lithium-ion Battery Energy Storage Systems for utility, commercial and industrial, and electric mobility customers in India, anchored by a 4.8 GWh Hyderabad assembly plant.
- Company typePrivate
- Founded2015
- HeadquartersHyderabad, India
- Headcount101–250
- GTM typeB2B
- OfferingHardware or Manufacturing
What Cygni Energy does
Cygni Energy Private Ltd is a Hyderabad-based energy storage company founded in 2015 that designs and manufactures lithium-ion Battery Energy Storage Systems (BESS) for the Indian market. The company's product portfolio centers on BESS hardware for utility and grid-scale storage, commercial and industrial energy management, and, to a lesser extent, electric mobility and portable electronics applications. Cygni positions its systems to address grid instability from rising renewable penetration, peak demand management, and time-of-day tariff optimization for C&I customers, with stated payback periods of approximately four years for C&I deployments.
The company's core technology is lithium-ion battery storage packaged into BESS products, with manufacturing anchored at a Hyderabad facility that was expanded to a 4.8 GWh annual-capacity domestic BESS assembly plant inaugurated in March 2026 — a fourfold scale-up over the 1.2 GWh Gigafactory originally announced in 2022. Cygni monetizes through hardware sales to enterprise, industrial, and utility buyers via an enterprise field-sales motion in India; pricing is not publicly disclosed. The company has raised approximately $18.9 million in disclosed funding since 2016, with the most recent Rs 60 crore (approximately $6.4 million) round in April 2026 from existing investor Meridian Global Ventures, which took a controlling stake. Earlier rounds were led by Endiya Partners, IndusInd Bank, and a 2022 round co-led by Meridian Global Ventures and Indian Overseas Bank. Cygni Energy has no disclosed AI, app, or API capabilities, and operates with a headcount in the 101–250 range.
Cygni Energy firmographics
Firmographics- Name
- Cygni Energy
- Legal name
- Cygni Energy Private Ltd
- Website
- https://cygni.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Cygni Energy is a Hyderabad-based energy storage company that manufactures lithium-ion Battery Energy Storage Systems for utility, commercial and industrial, and electric mobility customers in India, anchored by a 4.8 GWh Hyderabad assembly plant.
- Ownership category
- akta.pro rank
Cygni Energy industry classification
Industry- Product category
- Battery Energy Storage Systems
- NAICS
- Battery Manufacturing (33591), Battery Manufacturing (335910), Electrical Equipment Manufacturing (3353)
- SIC
- Electronic & Other Electrical Equipment (No Computer Equip) (3600)
- akta.pro primary industry
- BESS OEMs (Containerized Systems, Racks, Turnkey Solutions) (EUAFAAAC)
- akta.pro secondary industry
- Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB)
Keywords
Where Cygni Energy is headquartered
LocationHeadquarters
- HQ city
- Hyderabad
- HQ country
- India
- HQ region
- Asia
Offices2 records
Markets served
Cygni Energy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Technology or R&D, Infrastructure
Revenue model
- BESS Products and Systems: Sale of battery energy storage systems and related hardware products for commercial, industrial, and utility-scale applications
Go-to-market motion1 record
Cygni Energy product offering
Product offeringCore offering
Cygni Energy manufactures Battery Energy Storage Systems (BESS) using lithium-ion technology for commercial, industrial, and utility-scale customers. Products are assembled at its Hyderabad, India facility with 4.8 GWh annual production capacity to support grid-scale and behind-the-meter energy storage deployments.
Product overview
Cygni Energy operates as an energy storage company offering Battery Energy Storage Systems (BESS) and related energy storage products. The company manufactures its products at its Hyderabad facility, which was expanded to a 4.8 GWh domestic BESS assembly plant. The product portfolio centers on energy storage solutions for grid stability, renewable energy integration, and related applications, with manufacturing capabilities that form the core of the company's business operations.
Differentiator
Problem solved
Functional benefit
Products and services
- Battery Energy Storage Systems (BESS) Lithium-ion based Battery Energy Storage Systems manufactured domestically for utility, commercial, and industrial customers in India, supporting grid-scale and behind-the-meter applications such as renewable integration, frequency regulation, grid stability, and peak demand management.
Quantifiable outcome
- Approximately four-year payback periods for C&I battery storage systems by displacing high time-of-day grid tariffs
Companies that use Cygni Energy
Customer profileSegments3 records
Ideal customer profiles2 records
Cygni Energy technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Cygni Energy partnerships and signals
Strategic signalScale indicators5 records
Recent moves8 records
Expansion highlights5 records
Cygni Energy competitors and assessment
Company assessmentDirect peers
- Okaya Power Group: Indian battery and energy storage manufacturer serving inverter, automotive, and BESS markets; directly competes with Cygni in domestic C&I and utility BESS product sales in India.
- Tata Power Solar Systems: Tata group subsidiary offering solar PV and battery energy storage systems for utility, commercial, and industrial customers in India; competes head-to-head with Cygni on Indian BESS tenders and C&I storage deployments.
- Livguard Energy: Indian energy storage company producing batteries and power backup/storage solutions for automotive, inverter, and solar applications; overlaps with Cygni across C&I and small-utility BESS use cases.
Broad incumbents
- Exide Industries: India's largest lead-acid and lithium-ion battery manufacturer serving automotive, industrial, and stationary storage; broader incumbent that increasingly competes with Cygni in lithium-based stationary BESS.
- Amara Raja Batteries: Major Indian battery manufacturer expanding into lithium-ion cell and pack production for automotive and stationary storage; competes with Cygni for industrial and grid-scale storage customers in India.
- Fluence Energy: Global BESS OEM and IPP offering containerized storage solutions and grid services; comparable to Cygni on the OEM/turnkey system side and relevant as a global benchmark for unit economics.
- Sungrow Power Supply: Chinese-headquartered global supplier of power conversion systems and BESS; competes with Cygni on inverters, DC systems, and integrated storage solutions across Indian utility and C&I projects.
- EnerSys: Global industrial battery and stored-energy solutions manufacturer with significant presence in motive power, telecom backup, and grid storage; relevant peer for Cygni's industrial/C&I stationary energy storage offerings.
- Adani Energy Solutions: Large incumbent in Indian power transmission, distribution, and smart metering that has expanded into BESS and grid-scale storage; competes with Cygni on utility-scale storage projects and benefits from much greater balance-sheet scale.
Emerging players
- Eos Energy Enterprises: US-based emerging BESS OEM offering containerized zinc-based and lithium storage systems for utility and C&I customers; comparable early-to-mid-stage BESS OEM profile with similar capital-intensive scale-up trajectory.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks3 records
Key highlights3 records
Customer concentration
Cygni Energy social profiles
Digital presenceCygni Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cygni Energy leadership team
Management profileNumber of profiles
Profiles2 records
Cygni Energy funding detail
Funding detailFunding overview
Funding rounds6 records
Investors6 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cygni Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cygni Energy
What does Cygni Energy do?
Cygni Energy manufactures Battery Energy Storage Systems (BESS) using lithium-ion technology for commercial, industrial, and utility-scale customers. Products are assembled at its Hyderabad, India facility with 4.8 GWh annual production capacity to support grid-scale and behind-the-meter energy storage deployments.
Is Cygni Energy a public or private company?
Cygni Energy is a private company. It is classified as venture growth investor backed and is currently operating.
When was Cygni Energy founded?
Cygni Energy was founded in 2015. It employs 101 to 250 people.
Where is Cygni Energy based?
Cygni Energy is headquartered in Hyderabad, India, in the Asia region.
How does Cygni Energy make money?
One revenue line is on record: BESS Products and Systems.
Who are Cygni Energy's main competitors?
Direct peers on record are Okaya Power Group, Tata Power Solar Systems and Livguard Energy. Broad incumbents are Exide Industries, Amara Raja Batteries, Fluence Energy, Sungrow Power Supply, EnerSys and Adani Energy Solutions. Eos Energy Enterprises is listed as an emerging player.
Does Cygni Energy have an API?
No public API is recorded for Cygni Energy.
What industry is Cygni Energy in?
Cygni Energy's product category is Battery Energy Storage Systems. Its primary akta.pro industry code is EUAFAAAC, BESS OEMs (Containerized Systems, Racks, Turnkey Solutions), with a secondary code of IMAGAHAB, Battery Modules & Packs (Industrial/Commercial pack assembly). Its NAICS code is 33591 and its SIC code is 3600.