EV battery-swapping network operator Battery Smart raises $10-M in Series C top-up

Gurugram-based Battery Smart has raised approximately INR 98 crore (USD 10 million) more from Ecosystem Integrity Fund, an existing investor. In August 2026, Battery Smart had raised INR 185.5 crore (USD 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.Founded in 2020, Battery Smart operates a battery-swapping network for electric two- and three-wheelers. Its battery-as-a-service (BaaS) model allows users to swap batteries to avoid the upfront costs associated with ownership. The company plans to use the fresh capital to support business expansion, capital expenditure, and working capital requirements.