BatterySmart

Battery swapping at scale to power India’s clean mobility revolution

Impact

BatterySmart was founded by Pulkit Khurana and Siddharth Sikka. Its impact is immense:

335k tons of CO₂ emissions saved.

2.5M emissions-free kilometres.

$97M in driver income.

$21M in station partner income.

BatterySmart’s Journey

2019

  • BatterySmart founded.

2020

  • First battery-swapping station opened.

2021

  • Raised seed funding round led by Orios Venture Partners.

  • Raised pre-series A funding round led by Blume Ventures.

2022

  • 1M+ batteries swapped.

  • Battery Smart active in 10+ cities.

  • Raised $25M series A funding round led by Tiger Global.

  • Serving 10k+ customers.

2023

  • 10M+ batteries swapped.

  • Raised $33M pre-series B round led by British International Investment, Ecosystem Integrity Fund, Tiger Global, et al.

  • 25M+ batteries swapped.

2024

  • 1,000th battery-swapping station opened.

  • Raised $65M series-B funding round led by LeapFrog Investments, MUFG Bank, Panasonic, et al.

  • 50m+ batteries swapped.

© Rising Tide Energy 2025