Jupiter Electric Mobility Secures 110 MWh BESS Orders
The agreements add 110 MWh of BESS business to JEM Energy’s FY27 orderbook, covering both utility-scale and commercial & industrial deployments.
Following these additions, JEM Energy’s BESS orderbook has crossed Rs 150 crore, including projects with private renewable energy developers and public sector clients such as Power Grid Corporation of India Limited.
The company is targeting a combined battery and BESS orderbook of Rs 200 crore during FY27, supported by rising demand from both private and institutional customers.
Speaking on the announcement, Vivek Lohia, Managing Director, Jupiter Wagons Limited, said, “The MoUs signed with Chalukya Power and Pickrenew Energy are a strong endorsement of JEM Energy’s growing stature in India’s energy storage sector. An orderbook of INR 150+ Crore and a target of INR 200 Crore for this financial year reflects the pace at which we are building this business. More importantly, it reflects the trust that India’s leading developers are placing in an indigenous partner. At Jupiter Wagons, we have always believed that deep technology capability, combined with reliable execution, is the foundation for sustainable business leadership. JEM Energy is well on its way to demonstrating exactly that in the BESS segment, and we are fully committed to supporting its growth towards the INR 1,000 Crore vision by FY 2029-30.”
Kartik Hajela, CEO, JEM Energy, added, “Signing MoUs with Chalukya Power and Pickrenew Energy is a milestone we are genuinely proud of. These are not transactional agreements. They represent the beginning of long-term partnerships with developers who have evaluated our capabilities rigorously and chosen JEM Energy as their BESS partner. Our current orderbook of INR 150+ Crore, with a clear path to INR 200 Crore this year, gives us strong revenue visibility and operational momentum. As we scale towards INR 500+ Crore in FY 2027-28, our focus will remain on delivering every project with the quality and reliability that our clients expect. The INR 1,000 Crore BESS vertical target by FY 2029-30 is ambitious, but it is grounded in a large and growing pipeline, a strong policy environment, and the depth of capability we are building within JEM Energy’s broader energy storage portfolio.”
Published on:
26 May 2026
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