BatteryPool has raised ₹8 crore in a pre-Series A round led by Inflection Point Ventures (IPV), with participation from Indian Angel Network, Chennai Angels, Keiretsu Forum, and individual investors.
The company plans to use the capital to expand its battery fleet tenfold over the next 18 months, grow its presence across major Indian cities, and strengthen its battery-management systems. BatteryPool will also increase deployment of its pay-per-use energy network for EV riders and fleet operators.
Founded in 2020 by Ashwin Shankar, BatteryPool provides battery access infrastructure for electric two- and three-wheelers.
The platform manages more than 2,000 batteries across six cities through proprietary hardware and an IoT-connected management system. Its pay-as-needed model allows riders to pay daily, weekly, or monthly based on usage, lowering the upfront cost of EV adoption.
BatteryPool enables monetisation across a battery’s lifecycle. The company aims to build an efficient and scalable network to meet rising demand for charging and swapping solutions.
