Battery Smart
PrivateLast Round
Series B
Extension
Jun 25, 2025
Est. Valuation
$450M
Total Funding Raised
$166M
Company Overview
Battery Smart is an Indian company that operates a battery-swapping network for electric two and three-wheeler vehicles. Founded in 2019, the company provides a Battery-as-a-Service (BaaS) solution to address key barriers to EV adoption, such as range anxiety, long charging times, and high upfront costs. Its model allows drivers to swap depleted batteries for fully charged ones in approximately two minutes at any of its stations. The company utilizes a partner-led, asset-light strategy, collaborating with local businesses to rapidly expand its network of swapping stations across Tier 1, 2, and 3 cities. The platform is designed to be interoperable, working with various battery manufacturers and OEMs to build an integrated EV ecosystem.
Sector
Mobility, Transportation & Logistics
Verticals
EV Charging, Micro-Mobility, Last-Mile Delivery, Energy Storage, Fleet Management
Business Model
B2B
Customer Profile
Usage-Based SaaS, Subscription SaaS
AI Layer
Non-AI
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Battery Smart Comps
Public and private peers based on sector, stage, and business model.
Battery Smart Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series B Extension | Jun 25, 2025 | ||||
| Series B | Jun 11, 2024 | ||||
| Debt | Apr 29, 2024 | ||||
| Series B | Jul 6, 2023 | ||||
| Series A | Jun 27, 2022 | ||||
Seed | Nov 9, 2021 |
Battery Smart Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Rising Tide Energy | Series B Extension |
| responsAbility | Series B Extension |
| Orios Venture Partners | Seed |
| Mirova | Debt |
| Stride Ventures | Series B |
| MUFG Bank | Series B |
| Faad Capital | Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- Apr 23, 2026
Operates a network of over 1,600 swap stations across India.
- Apr 23, 2026
Powers the journeys of over 100,000 drivers daily.
Battery Smart Filings
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|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Battery Smart's valuation, stock price, and market status.
