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Meine Electric has raised $750,000 (approximately ₹6.7 crore) in pre-seed funding to develop iron-air long-duration energy storage systems in the Asia-Pacific region. The funding was led by Antler, Rebalance, and Venture Catalysts, alongside contributions from AIC-AU Incubation Foundation and angel investors, including Alexander Hogeveen Rutter.

Founded in 2023 by Priyansh Mohan and Stuti Kakkar, Meine Electric aims to transition from laboratory-scale prototypes to pilot-ready battery systems, demonstrating a levelised cost of storage below $0.05/kWh (around ₹4/kWh). The iron-air technology allows for 16-24 hours of energy storage and can be fully charged in eight hours, making it suitable for integrating with solar-heavy grids. The company holds four patents and has seven additional international patents filed, with plans to deliver turnkey iron-air battery systems by 2027.