Battery technology startup BatteryPool has secured ₹8 crore (approximately $960,000) in a pre-Series A funding round led by Inflection Point Ventures, with additional participation from Indian Angel Network, Chennai Angels, Keiretsu Forum, and various individual investors.
Key Highlights
- BatteryPool raised ₹8 crore to scale its EV battery fleet tenfold and expand nationwide operations.
- Startup offers IoT-enabled, pay-as-you-go battery access addressing rising demand from India’s growing EV market.
The fresh capital will support the company’s aggressive expansion plans, including a 10-fold scale-up of its battery fleet over the next 18 months and wider deployment across key Indian markets.
Established in 2020 by Ashwin Shankar, BatteryPool offers a pay-as-you-go battery access model designed for electric two- and three-wheelers. Its solution integrates proprietary hardware with an IoT-enabled battery management system, allowing users to opt for flexible sachet-style payments—daily, weekly, or monthly—based on their mobility requirements. At present, the platform oversees a network of over 2,000 batteries across six cities.
Beyond facilitating battery access, BatteryPool’s system also supports end-to-end monetization throughout a battery’s lifecycle, enabling efficient utilization and enhanced return on each asset.
Also Read: VinFast India Partners with YES BANK for EV Financing Solution
With India already home to over 2 million electric two- and three-wheelers, and another 2 million EV sales projected in FY25, the need for reliable, scalable, and user-friendly battery charging and swapping infrastructure is rising sharply. BatteryPool aims to fill this gap by offering accessible and operationally efficient battery solutions.
