Battery Smart logo — India's largest EV battery-swapping network on a mission to...

Battery Smart

India's largest EV battery-swapping network on a mission to make electric mobility accessible and affordable for all

Founded 2019 India Gurgaon, India 681 employees Secondary Market Total: $12.49B Energy, Energy Storage +1

General Information

Company Name Battery Smart
Founded Year 2019
Location India Gurgaon, India
Employees 681
Industries Energy, Energy Storage, Automotive
Funding Stage Secondary Market
Social

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About Battery Smart

Battery Smart is India's largest EV battery-swapping network, with a mission to make electric mobility accessible and affordable for all. Founded in 2019, the company provides Li-ion batteries on a pay-per-use basis for the drivers of three-wheeled electric rickshaws through an asset-light network of partner swap stations. In its latest funding round in 06 July 2023, Battery Smart secured a significant INR2.72B Series B investment from prominent investors including Blume Ventures, Ecosystem Integrity Fund, Tiger Global Management, and British International Investment. The company operates in the energy industry and is headquartered in India. With its innovative approach to enabling electric vehicle adoption, Battery Smart is poised for significant growth and impact in the Indian mobility market.

Taxonomy: EV battery-swapping, electric mobility, affordable transportation, sustainable energy, asset-light, battery rental, three-wheeled electric rickshaws, Li-ion batteries, India's largest network, pay-per-use, sustainable transportation, green energy, clean mobility, urban transportation

Funding Rounds & Investors (7)

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Funding Stage Amount Investors Lead Investors Date
Secondary Market INR1.67B -
11 Jun 2024
Series B INR5.42B 6
Blume Ventures, Ecosystem Integrity Fund +4
16 May 2024
Series B INR2.72B 3
Blume Ventures, Ecosystem Integrity Fund +1
06 Jul 2023
Debt Financing INR750.00M 2
Stride Ventures, BlackSoil
14 Dec 2022
Series A INR1.93B 3
Blume Ventures, Orios Venture Partners +1
13 Jun 2022
Seed Round $7.00M 9
Blume Ventures, Orios Venture Partners +7
09 Nov 2021
Seed Round Undisclosed 3
Orios Venture Partners, Faad Network +1
25 Feb 2021

Battery Smart Alternatives & Competitors

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FAQ About Battery Smart

India's largest EV battery-swapping network on a mission to make electric mobility accessible and affordable for all
Battery Smart was founded in 2019.
Battery Smart is headquartered in Gurgaon, India.
Battery Smart operates in Energy, Energy Storage and Automotive. Its work centres on EV battery-swapping, electric mobility, affordable transportation and sustainable energy.
Battery Smart has approximately 681 employees.
Battery Smart has completed 7 funding rounds, raising a total of $12.49B. The latest funding stage is Secondary Market.
Top alternatives and competitors to Battery Smart include Sanvaru Technology Ltd. Power Forever, Ampersand Energy, Oyika, Gogoro, UNIGRID Battery. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Battery Smart and Sanvaru Technology Ltd. Power Forever are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Battery Smart, https://bouncewatch.com/company/battery-smart, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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