BatteryPool raises ₹8 crore in Pre-Series A round led by Inflection Point Ventures

Pune-based BatteryPool, a battery tech startup has raised Rs 8 crore (around $960K) in its pre-Series A round led by Inflection Point Ventures.

The round also saw participation from Indian Angel Network, Chennai Angels, Keiretsu Forum, and several individual investors.

The funds will help BatteryPool grow its fleet by 10x over the next 18 months and support its nationwide expansion. The company currently manages over 2,000 batteries across six cities.

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Vikram Ramasubramanian from Inflection Point Ventures said, “As an emerging economy that’s adopting EVs, India holds immense potential that can be unlocked through innovative, flexible solutions. Where commercial operation of EVs is concerned, fast and efficient charging becomes vital because any delay directly leads to a loss of time and hence revenues. BatteryPool addresses this by providing seamless, pay-as-you-go access to charged batteries, helping riders and businesses be constantly mobile. In addition, the company monetizes batteries through their complete lifecycle, creating multiple revenue streams out of one single asset.”

“The sachet model transformed how Indians consumed everything from mobile data to daily essentials, EVs are next. By bringing sachet-style, pay-as-you-go energy to batteries, we’ve made electric mobility affordable and accessible to the masses. As we move forward, we’re focused on strengthening the ecosystem, building battery access, improving the user experience, and supporting the everyday rider as the country transitions to electric mobility," Ashwin Shankar, founder of BatteryPool said.

About BatteryPool

Founded in 2020 by Ashwin Shankar, BatteryPool runs a pay-as-you-go battery access model for electric vehicles. Using its own hardware and an IoT-enabled battery management system, it allows users to pay for EV batteries on a daily, weekly, or monthly basis. The platform currently manages over 2,000 batteries across six cities.

It also helps maximise the value of each battery by enabling monetization throughout its entire lifecycle.

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