Battery financier for e-rickshaws PointO raises Rs.6.2 Cr led by Equirus InnovateX Fund

Gurugram-based lithium battery financier PointO has raised INR 6.2 crore in a seed funding round led by Equirus InnovateX Fund (EIF).Launched by Riki Biswas and Gaurav Jindal, PointO aims to build a full-stack lithium battery ecosystem, encompassing manufacturing, financing, and servicing of lithium batteries.The firm will initially focus on financing of lithium batteries for e-rickshaw owners in tier-II and beyond cities. The company plans to expand its physical centres to include more than 10 cities over the next 12 months.