EV battery swapping Startup Battery Smart raised $7 million in Pre Series A led by Blume Ventures


Battery-swapping network startup Battery Smart raised $7 million in Pre Series A led by Blume Ventures and Orios Ventures where Green Frontier Capital, TradeCred, Baring Private Equity India, and angels like Srinivas Anumolu (founder – Elance, TutorVista, Bigbasket & Bluestone), K Ganesh (serial entrepreneur & partner, GrowthStory.in), Niraj Singh, (founder & CEO, Spinny), and Amit Bhasin (cofounder, GoMechanic) also participated.


Battery Smart is India's largest network of electric two and three wheeler battery swapping stations. Electric vehicles (EV) can'refuel' as quickly as (or even faster than) internal combustion engine (ICE) vehicles, in about 2 minutes, thanks to battery-swapping technology. The startup operates over 100 battery swapping stations that service over 1200 active e-rickshaws. The new funds will be used to improve the startup's battery assignment technology, scale its operations to service 10,000 electric vehicles per day, and expand to three new states by the end of the fiscal year.

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