BatteryPool raises Rs 8 crore in Pre-Series A round

BatteryPool, an Indian startup offering flexible, pay as you go battery access for electric vehicles, has raised Rs 8 crore in a Pre-Series A funding round. The investment was led by Inflection Point Ventures (IPV), with participation from Indian Angel Network (IAN), Chennai Angels, Keiretsu Forum, and several high net worth individuals.

The company currently operates a network of over 2,000 batteries across six Indian cities. BatteryPool plans to deploy the fresh capital to expand its battery fleet by ten times over the next 18 months and extend its presence across more markets in India. Its core offering includes proprietary hardware and an Internet of Things (IoT) enabled battery management system that allows electric vehicle users to access energy on a sachet style basis through daily, weekly, or monthly payment options.

Vikram Ramasubramanian of IPV said the investment reflects the growing need for efficient battery access in India’s commercial electric vehicle segment. He noted that BatteryPool’s approach supports uninterrupted mobility for riders while improving battery utilisation and value over its operating life.

BatteryPool’s founder, Ashwin Shankar, stated that the company’s model draws inspiration from the sachet based consumption approach that transformed access to mobile data and essential goods, to lower the cost and complexity of electric mobility through flexible battery subscriptions.

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