Battery Smart Raises USD 33 Million in Pre-Series B Funding to Expand EV Battery Swapping Network in India
Notably, the Pre-Series B funding round participation from the company's existing investors such as Tiger Global and Blume Ventures, along with new investors, The Ecosystem Integrity Fund (EIF) and British International Investment (BII).
July 06, 2023. By EI News Network
Notably, the Pre-Series B funding round participation from the company's existing investors such as Tiger Global and Blume Ventures, along with new investors, The Ecosystem Integrity Fund (EIF) and British International Investment (BII).
The fresh capital will be utilised by the company to join 1 lakh new users to its network by 2025, and to reach maximum geographic footprint.
Pulkit Khurana, Battery Smart Co-Founder and CEO, added, "With 25,000 active customers across tier 1, 2 and 3 cities, we are keen to reinforce our ESG objectives while supporting India's pursuit towards net-zero emissions. This investment also signifies our commitment to enhancing the livelihoods of our station partners and drivers, empowering them to play a significant role in India's transition towards electric mobility.”
Battery Smart deals in Battery Swapping Network for electric two and three-wheelers. The start-up was founded in June 2020, to revolutionize the EV sector by producing electric mobility simple, economical, and accessible with the help of a distinctive partner-led model.
please contact: contact@energetica-india.net.
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