Battery Smart, an innovative startup founded in 2019 by Pulkit Khurana and Siddharth Sikka, has rapidly emerged as one of the India’s largest battery-swapping network for electric vehicles (EVs).
With a mission to make electric mobility both accessible and affordable, Battery Smart is transforming how India adopts electric vehicles.
The company aims to address the most significant barriers to mass EV adoption, including long charging times, high upfront costs, and unreliable battery life.
Overcoming the Roadblocks to EV Adoption
India’s transition to electric mobility is crucial for environmental sustainability and reducing the nation’s carbon footprint.
However, the high upfront cost of EVs, limited charging infrastructure, and range anxiety have been major hurdles.
Battery Smart is addressing these challenges head-on with its unique battery-swapping network.
The startup allows electric two-wheelers, three-wheelers, and electric loaders to swap depleted batteries for fully charged ones in just two minutes, eliminating long charging downtimes and reducing the costs of owning an EV.
A Game-Changing Solution for Drivers and Fleets
Battery Smart’s business model is revolutionary. By offering a battery-as-a-service approach, it helps reduce the upfront cost of EV ownership by as much as 40%.
Instead of purchasing expensive batteries, drivers pay only for the energy they use, allowing them to focus on maximizing their earnings without worrying about battery maintenance and replacement.
This model is particularly attractive for delivery services, transportation, and logistics companies that rely on EV fleets for efficient operations.
With over 1,417 battery-swapping stations across the country and more than 54 million battery swaps to date, Battery Smart is rapidly scaling its operations.
By partnering with local businesses to set up swapping stations in tier-1, tier-2, and tier-3 cities, the company is creating an omnipresent, dense network that is accessible to thousands of drivers nationwide.
Scaling and Securing Investments
Since its inception in 2019, Battery Smart has experienced impressive growth.
The startup opened its first swapping station in June 2020 and achieved several milestones in the following years, including raising seed funding in 2021 and securing $25 million in Series A funding in 2022.
In 2023, the company raised another $33 million in a pre-Series B round, followed by a $65 million Series B round in June 2024, backed by prominent investors like LeapFrog Investments, MUFG Bank, Panasonic, and Tiger Global.
Battery Smart’s journey reflects its commitment to improving the daily lives of drivers.
In addition to providing seamless and quick battery swaps, the startup has empowered its users to increase their monthly earnings by up to double by eliminating downtime and offering zero battery costs.
The company also ensures that its partners benefit through a “Plug and Play” infrastructure setup and continuous demand generation support.
Transforming the EV Ecosystem
Battery Smart’s success lies in its integrated platform that connects drivers, fleet operators, OEMs, and battery manufacturers.
By enabling interoperability, the startup is not only making EV adoption easier for individuals but also helping large fleets scale with confidence.
Major partners like Zomato and Zepto have already integrated Battery Smart’s battery-swapping network into their operations, ensuring reliable, eco-friendly last-mile deliveries.
The company’s rapid expansion is backed by its commitment to creating a sustainable ecosystem.
Battery Smart’s approach to safety and customer confidence also sets it apart in an industry where safety standards are of utmost importance.
The company ensures safe battery handling, provides extensive training for drivers, and operates a 24/7 support center to address any concerns.
Empowering a Sustainable Future
As Battery Smart continues to scale, its vision is clear: to establish a battery-swapping station for every square kilometer across India.
By reducing the cost of EV ownership, eliminating range anxiety, and improving the economics for drivers, the company is poised to play a pivotal role in India’s EV revolution.
Battery Smart’s tagline “Kabhi Rukna Nahi” – embodies the spirit of progress.
For drivers, partners, and the company alike, it is a promise to keep moving forward, transforming the future of mobility in India, without stopping.
