Battery Smart Raises $19.5M in Series C Funding

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🔋 Battery Smart Raises $19.5M at $430M Valuation EV battery-swapping startup Battery Smart has raised Rs 185.5 crore ($19.5M) in Series C funding led by existing investor Rising Tide Ventures, with participation from Ecosystem Integrity Fund and Blume Ventures. Founded in 2020, the Gurugram-based company provides battery swapping for electric two- and three-wheelers through a battery-as-a-service model. 💰 Funding: $19.5M 🏢 Company: Battery Smart 💼 Lead Investor: Rising Tide Ventures 💼 Co Foudner : Siddharth Sikka 📈 Valuation: $430M 📊 FY26 Revenue: Rs 358 Cr Battery Smart's revenue grew 43.8% in FY26, while its loss narrowed 12.8%. The new capital will support expansion, capex and working capital. Read more: https://lnkd.in/dR5uA5h4 #WorkNationBuzz #BatterySmart #EV #ElectricVehicles #BatterySwapping #ClimateTech #StartupFunding #IndianStartups #VentureCapital

EV battery-swapping startup Battery Smart has raised ₹185.5 crore ($19.5 million) in a Series C round led by existing investor Rising Tide Ventures, with participation from Ecosystem Integrity Fund and Blume Ventures. Founded in 2020 by Siddharth Sikka and Pulkit Khurana, Battery Smart operates a battery-swapping network for electric two- and three-wheelers, enabling users to swap batteries instead of owning them. The fresh capital will support network expansion, capex, working capital and business growth. The company reported ₹358 crore in FY26 revenue, up 43.8% year-on-year, while losses narrowed to ₹23.55 crore. Read More : https://lnkd.in/ds5Sn7Ek #BatterySmart #EV #ElectricMobility #BatterySwapping #ClimateTech #StartupFunding #SeriesC #EVIndia #IndianStartups #Entrepreneurship #BlumeVentures

EV battery-swapping startup Battery Smart has raised Rs 185.5 crore, or $19.5 million, in a Series C funding round led by existing investor Rising Tide Ventures, with participation from Ecosystem Integrity Fund and Blume Ventures. According to regulatory filings, Battery Smart’s board approved the allotment of 34,094 Series C CCPS at an issue price of Rs 54,407 each. Rising Tide Ventures invested Rs 112 crore, while Ecosystem Integrity Fund and Blume Ventures contributed Rs 49 crore and Rs 25 crore, respectively. The company raised the capital in two tranches, with nearly Rs 97 crore coming in the first tranche and Rs 88 crore in the second. Entrackr estimates Battery Smart’s post-money valuation at around Rs 4,075 crore, or $430 million. The fresh capital will be used to support business expansion, capital expenditure, working capital requirements and other general corporate purposes. Founded in 2020, Gurugram-based Battery Smart operates a battery-swapping network for electric two- and three-wheelers. Its battery-as-a-service model enables users, particularly gig economy drivers, to swap batteries instead of taking on the upfront cost of battery ownership. The latest round follows a Rs 66 crore pre-Series C round raised in March 2026 from Acacia Inclusion, Blume Ventures and PC-SBI Kurashi Visionary Fund, followed by $15 million in debt funding from Mirova in April. Battery Smart has raised more than $211 million to date, with investors including Tiger Global, Blume Ventures and Ecosystem Integrity Fund. The company’s revenue increased 43.8% to Rs 358 crore in FY26 from Rs 249 crore in FY25, while its loss declined 12.8% to Rs 23.55 crore from Rs 27 crore. https://lnkd.in/ePkGvJhV #batterysmart #ev #electricvehicles #batteryswapping #evbattery #evstartup #startupfunding #seriesc #funding #fundinground #venturecapital #risingtideventures #blumeventures #ecosystemintegrityfund #tigerglobal #cleantech #mobility #electricmobility #baas #batteryaasaservice #gigworkers #startupindia #indianstartups #gurugram #climatetech #evindia #businessnews #investmentnews #technology #fundraising

EV battery-swapping startup Battery Smart has raised $19.5 million (₹185.5 crore) in a Series C round led by existing investor Rising Tide Ventures, with participation from Ecosystem Integrity Fund and Blume Ventures. The Gurugram-based startup will use the fresh capital for business expansion, capex and working capital. Its battery-as-a-service model enables electric two- and three-wheeler users, particularly gig workers, to swap batteries instead of owning them. Battery Smart’s valuation has risen to around $430 million, with total funding crossing $211 million. The company’s FY26 revenue grew 43.8% to ₹358 crore, while its loss narrowed 12.8% to ₹23.55 crore. #BatterySmart #EV #ElectricVehicles #BatterySwapping #FundingNews #ClimateTech

EV battery-swapping startup Battery Smart has raised $19.5 million (₹185.5 crore) in a Series C round led by existing investor Rising Tide Ventures, with participation from Ecosystem Integrity Fund and Blume Ventures. The Gurugram-based startup will use the fresh capital for business expansion, capex and working capital. Its battery-as-a-service model enables electric two- and three-wheeler users, particularly gig workers, to swap batteries instead of owning them. Battery Smart’s valuation has risen to around $430 million, with total funding crossing $211 million. The company’s FY26 revenue grew 43.8% to ₹358 crore, while its loss narrowed 12.8% to ₹23.55 crore. #BatterySmart #EV #ElectricVehicles #BatterySwapping #FundingNews #ClimateTech

🚀 River Mobility Raises $120 Million to Power India’s EV Future India’s electric mobility revolution just got a major boost. 🇮🇳⚡ EV startup River Mobility has raised $120 million in a Series C funding round, co-led by Elev8 Venture Partners and Claypond Capital, with participation from existing investors. The fresh capital will help the company: 🔋 Scale manufacturing capacity 🛵 Accelerate product innovation 🌍 Expand its market presence across India and beyond As EV adoption continues to rise, funding is flowing into startups building the next generation of sustainable transportation. River Mobility’s latest raise reflects growing investor confidence in India’s fast-evolving EV ecosystem. 💬 TFF Take: India’s EV race is no longer about who enters first—it’s about who can scale the fastest. Strong execution, manufacturing capability, and continuous innovation will define the next EV leaders. Follow @thefounderfeed.in for daily Startup, Business & Funding insights. #RiverMobility #Funding #StartupIndia #EV #ElectricVehicles #SeriesC #VentureCapital #BusinessNews #StartupNews #TheFounderFeed #Innovation #Mobility #ClimateTech #IndianStartups #Entrepreneurship

🔋 EV battery-swapping startup Battery Smart has raised Rs 185.5 crore or $19.50 million in its Series C funding round. 🚀 Led by Rising Tide Ventures, with participation from Ecosystem Integrity Fund and Blume Ventures. 💰 Funding follows a Rs 66 crore pre-Series C round (March 2026) and $15 million debt funding from Mirova (April 2026). 📈 Company is valued at approximately Rs 4,075 crore ($430 million) post-money. 🏗️ Funds will be used for business expansion, capex, working capital, and general corporate purposes. 🔄 Battery Smart operates a battery-swapping network for electric two- and three-wheelers through a Battery-as-a-Service (BaaS) model. 🛵 Focuses on reducing EV ownership costs, especially for gig economy and commercial drivers. 💵 Total funding raised to date exceeds $211 million. 📊 FY26 revenue grew 43.8% to Rs 358 crore from Rs 249 crore in FY25. 📉 FY26 losses narrowed 12.8% to Rs 23.6 crore, showing improving financial performance. Founded in 2020, the Gurugram-based startup is among India's leading EV battery-swapping players.

EV startup Battery Smart raises ₹185.5-Cr to expand battery-swapping network Founded in 2020, Battery Smart operates a battery-swapping network for electric two-wheelers and three-wheelers. Its Battery-as-a-Service (BaaS) model allows users to exchange depleted batteries for fully charged ones, eliminating the need to purchase and own batteries upfront. Read more :- https://lnkd.in/drNjXZpp #BatterySwapping #ElectricMobility #ElectricVehicles #EVBattery #EVStartup