Reliance invests in battery maker Ambri

NEW DELHI: Reliance New Energy Solar Ltd, the newly floated renewable energy unit of Reliance Industries Ltd, along with Bill Gates and other investors have invested USD 144 million in Massachusetts-based Ambri Inc, which makes batteries for power grids.

RNESL would be investing USD 50 million in the USD 144 million financing round, which Ambri will use to build a manufacturing facility and commercialize its technology, the company said in a statement.