Private Equity Angel Investments
Battery-as-a-service (BaaS) platform BatteryPool raises Rs.8-Cr led by IPV
Source ISN (opens in a new tab)
BatteryPool , a battery monetisation platform, has raised INR 8 crore in a pre-Series A funding round led by Inflection Point Ventures (IPV), with participation from Indian Angel Network (IAN), Chennai Angels, Keiretsu Forum, and high-net-worth individuals (HNIs).Founded in 2020 by Ashwin Shankar, BatteryPool offers ‘pay-as-you-go’ EV energy access, facilitated through proprietary charging hardware and AI-assisted battery management. The platform aims to enhance the affordability and accessibility of electric mobility by providing flexible energy solutions.The company plans to use the capital to expand its battery fleet tenfold over the next 18 months and strengthen its nationwide presence. BatteryPool claims to currently manage over 2,000 batteries across six cities.
Company website ↗ (opens in a new tab)
In Aug-21, Battery Pool had attracted about USD 0.27 M from IAN Fund and others.For FY25, Battery Pool had reported about INR 3.52 Cr in Operating Income and about INR 4.69 Cr in Net Loss.