TLH, Advocates & Solicitors Advises Bijlibox India on Pre-Seed CCPS Fundraise

TLH, Advocates & Solicitors is pleased to announce that it acted as legal counsel to Bijlibox India Private Limited in connection with the company’s pre-seed fundraise, structured by way of subscription to compulsorily convertible preference shares (CCPS). The transaction marks Bijlibox’s first institutional funding round and represents a meaningful step in building distributed battery energy storage infrastructure across India’s commercial and industrial (C&I) sector.

About the Transaction

The investment round was led by Theia Ventures Fund I, with participation from Rainmatter by Zerodha, Momentum Capital, Social Alpha and a group of angel investors – a diverse and notable consortium of institutional and individual backers that reflects strong early-stage confidence in Bijlibox’s vision and technology.

TLH advised Bijlibox comprehensively across the transaction, including the drafting, negotiation and finalisation of the definitive transaction documentation. The firm’s involvement spanned the full arc of the deal – from structuring the CCPS framework to navigating investor negotiations and bringing the documentation to a successful close.

About Bijlibox India

Bijlibox India Private Limited is engaged in the development of electricity storage and power supply systems, with a focus on distributed battery energy storage solutions tailored for India’s C&I segment. As India accelerates its energy transition, the C&I sector faces growing demand for reliable, cost-effective and sustainable power solutions – a gap that Bijlibox is positioned to address through innovative, scalable infrastructure. The proceeds from this fundraise will support the company as it builds out its technology and deploys its first installations.

The Energy Storage Opportunity

India’s C&I sector accounts for a significant share of national electricity consumption, yet continues to grapple with grid unreliability, rising power costs and the pressure to decarbonise operations. Distributed battery energy storage systems offer a compelling solution – enabling businesses to store energy during low-tariff periods, reduce peak demand charges and integrate renewable sources with greater efficiency. With policy tailwinds, declining battery costs and growing corporate sustainability commitments, the timing for Bijlibox’s entry into this space is well-considered.

The participation of Rainmatter by Zerodha – known for its focus on climate and sustainability-orientated ventures – and Social Alpha, which backs science and technology solutions for underserved markets, underscores the broader significance of Bijlibox’s work beyond commercial returns.

The TLH Team

The transaction was led by Prateek Batra (Partner), supported by Mayank Labh (Senior Associate), Vanshika Gupta (Associate), and Rishit Bhushan Srivastava (Associate).

About TLH, Advocates & Solicitors

TLH, Advocates & Solicitors is a Tier-1 ranked firm under The Legal 500 and Band 1-ranked under Chambers Asia-Pacific, headquartered in Hyderabad, India. The firm advises clients across corporate transactions, regulatory matters and dispute resolution. Its corporate practice has a strong track record in early and growth-stage investment transactions, working with founders, funds and institutional investors across sectors – with particular depth in technology, energy and emerging industries.

Website: www.tlh.law