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Battery Smart
company
About
Battery Smart is an EV battery-swapping network that provides advanced Li-ion batteries for electric two and three-wheelers.
- New Delhi,Delhi,India
- 51 - 100
- https://www.batterysmart.in
Details
- Last Funding Type
- Debt Financing
- Last Funding Money Raised
- ₹750M
- Industries
- Automotive,Battery,Consumer,Electric Vehicle
- Founded date
- Nov 1, 2019
- Number Of Employee
- 51 - 100
- Operating Status
- Active
- Legal Name
- Upgrid Solutions Private Limited
Battery Smart is an EV battery-swapping network that provides advanced Li-ion batteries for electric two and three-wheelers. The company develops a retrofittable 48V Li-ion twin battery system that is compatible with all major electric rickshaw (e3w) models.Battery Smarts offers battery-as-a-service, which helps reduce the investment borne by a consumer. They also provide an interoperable battery swapping solution and superior charging infrastructure that helps EV drivers swap their batteries within two minutes. The company was founded in 2019 and is based in Delhi, India.
Funding Rounds
Number of Funding Rounds
Total Funding Amount
4
₹2.67B $7M
Battery Smart has raised a total of
₹2.67B $7M
in funding over 2 rounds. Their latest funding was raised on
Dec 14, 2022 from a Debt Financing round.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Dec 14, 2022 | Debt Financing | ₹750M | 2 |
BlackSoil
Stride Ventures
|
— | Detail |
| Jun 13, 2022 | Series A | ₹1.92B | 4 |
Tiger Global Management
|
— | Detail |
| Nov 9, 2021 | Seed | $7M | 9 |
Blume Ventures
Orios Venture Partners
|
— | Detail |
| Feb 25, 2021 | Seed | — | 3 |
Orios Venture Partners
|
— | Detail |
Investors
Number of Lead Investors
Number of Investors
6
15
Battery Smart is funded by 15 investors.
BlackSoil
and Stride Ventures
are the most recent investors.
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
BlackSoil
|
Yes | Debt Financing |
|
Stride Ventures
|
Yes | Debt Financing |
|
Tiger Global Management
|
Yes | Series A |
|
Blume Ventures
|
— | Series A |
Catalyst Trustee
|
— | Series A |
|
Orios Venture Partners
|
— | Series A |
Amit Bhasin
|
— | Seed |
Baring Private Equity India
|
— | Seed |
Green Frontier Capital
|
— | Seed |
|
|
— | Seed |
Employee Profiles
Number of Employee Profiles
2
Battery Smart has 2 current employee profiles, including
Executive Siddharth Sikka
Executive
Executive
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