Ayr Energy, a startup based in the United States, is currently in discussions to secure $25-30 million in funding from Energy Impact Partners, a New York-based investment fund. This investment would place Ayr Energy's valuation at approximately $200 million. Founded by Anirudh Reddy, along with former McKinsey consultants Rahul Arora and Yash Takallapalli, the company emerged from stealth mode in September 2025 with contracts exceeding $250 million, representing over 10GW of new power. Ayr Energy manufactures a range of power equipment, including transformers and circuit breakers, and operates six manufacturing facilities in India, located in Vadodara, Ahmedabad, Prayagraj, Mumbai, Chennai, and Hyderabad. The startup aims to address the growing demand for power infrastructure driven by the expansion of artificial intelligence workloads and data centers. However, Ayr Energy is also facing legal challenges from its former employer, Zetwerk, which alleges that the startup engaged in the theft of trade secrets and proprietary information. The lawsuit claims that Reddy incorporated Ayr Energy while still employed at Zetwerk, and that the rapid growth of Ayr's order book could only have been achieved through the unlawful use of confidential data.