BatteryPool, a young battery-tech startup aiming to simplify EV adoption in India, has secured Rs 8 crore (about $960K) in a pre-Series A round led by Inflection Point Ventures, with additional participation from Indian Angel Network, Chennai Angels, Keiretsu Forum, and several individual backers.
For founder Ashwin Shankar, this round marks an affirmation of a vision he has been building since 2020—making battery access as simple as buying a daily sachet. BatteryPool’s pay-as-you-go model lets EV owners access batteries through daily, weekly, or monthly plans, supported by proprietary hardware and an IoT-driven battery management system.
Today, the platform already manages over 2,000 batteries across six cities, and the fresh capital will help the company scale its battery fleet 10x in the next 18 months and deepen its footprint across India. Beyond access, BatteryPool is also enabling full-lifecycle monetization of every battery, helping fleet operators extract more value from their assets.
The timing couldn’t be better. With 2 million electric two- and three-wheelers already on Indian roads, and another 2 million expected to be sold in FY25, the demand for reliable, flexible, and affordable battery-charging and swapping solutions is surging. BatteryPool wants to be right at the centre of that shift—by making battery ownership one less thing for EV users to worry about.
-By Muskan Dengra
