Greater Noida-headquartered energy storage solutions provider ILJIN Electronics plans to raise ₹2.96 billion (~$31.79 million) from its parent company, Amber Group, through a rights issue.

Upon completion of the transaction, Amber will hold an 89.72% share in ILJIN Electronics, an increase of 0.04%.

The capital infusion will help IL JIN accomplish its strategic initiatives.

The rights issue process, including the allotment of equity shares to eligible equity shareholders, is expected to close on or before April 30, 2026.

ILJIN Electronics’ offerings include high-precision electronics manufacturing services for renewable energy, automotive, smart electronics, consumer durables, telecom, healthcare, industrial, aerospace, and defense sectors.

The company delivers end-to-end solutions encompassing product design support, PCB fabrication and assembly, embedded software, power electronics, and complete box-build systems.

ILJIN Electronics’ turnover stood at ₹14.6 billion (~$156.66 million) in FY 2025, ₹9.13 billion (~$97.96 million) in FY 2024, and ₹8.8 billion (~$94.42 million) in FY 2023.

Besides India, the company has a presence in the U.S., Germany, and Israel.

Last year, ILJIN Electronics India secured ₹12 billion (~$128.86 million) in strategic funding through separate definitive agreements with ChrysCapital and InCred Growth Partners Fund I, along with their respective affiliates.

The company forayed into the energy storage market by announcing the acquisition of a majority stake in Bengaluru-based Power One Micro Systems in 2025. Power-One offers battery energy storage systems, solar inverters (on-grid, off-grid, and hybrid), electric vehicle charging solutions, and uninterrupted power supply solutions.

According to Mercom Capital Group’s Annual and Q4 2025 Funding and M&A Report for Energy Storage, venture capital investment in energy storage gained momentum in 2025, rising 30% year over year to $4.8 billion across 75 deals, even as total corporate funding for the sector declined 19% to $16.2 billion. Despite the decline in total capital raised, deal activity increased 3% during the year, indicating continued investor engagement in the sector