TL;DR
EV startup BatteryPool raised INR 8 crore in Pre-Series A funding to tenfold its pay-as-you-go EV battery fleet across India, making electric mobility more accessible.
BatteryPool, an Indian EV startup specializing in flexible, pay-as-you-go battery access, has successfully raised INR 8 crore in a Pre-Series A funding round. The investment was led by Inflection Point Ventures (IPV), with additional participation from Indian Angel Network (IAN), Chennai Angels, Keiretsu Forum, and notable High Net Worth Individuals. Currently managing over 2,000 batteries across six cities, BatteryPool aims to significantly scale its fleet tenfold over the next 18 months, strengthening its nationwide presence.
The startup's proprietary hardware and IoT-connected battery management system powers India's first flexible energy platform for EVs, allowing riders to pay in small daily, weekly, or monthly amounts. This 'sachet-style' model is designed to make electric mobility more affordable and accessible, showing strong adoption in multiple Indian cities. Founder Ashwin Shankar highlighted that this model, which revolutionized mobile data and daily essentials, is now set to transform electric mobility by making EVs more affordable and building a robust ecosystem for riders.
