Battery Smart has also formed a strategic partnership with the quick commerce platform Zepto to deploy 1,000 electric vehicles by 2025. Battery Smart raised $65 million in its Series B funding round, led by LeapFrog Investments and others.
Battery Smart, a business focused on battery technology, has raised $65 million in a Series B financing headed by LeapFrog Investments. Both new and old investors, such as Panasonic and MUFG Bank, participated in the equity round.
Zepto, an e-grocery and fast commerce service, and Battery Smart, a network for battery switching for electric two- and three-wheelers, announced their collaboration.
Zomato, an online meal ordering and delivery service, has collaborated with Battery Smart to give its delivery partners access to Battery Smart's network for battery switching.
Swapping battery network Battery Smart announced on Thursday that it had secured $33 million (about Rs 272 crore) in capital from both new investors The Ecosystem Integrity Fund (EIF) and British International Investment (BII) along with previous backers Tiger Global and Blume Ventures.