Social VC Investments
EV infra-focused operator Battery Smart raises Rs.124-Cr from responsAbility
Gurugram-based Battery Smart , an electric vehicle infrastructure company, has raised INR 124 crore in debt funding from Zurich, Switzerland-based impact investor responsAbility Investments AG. This transaction marks the fourth investment deal between the two firms over the past 18 months, bringing the investor's total commitment to Battery Smart to over INR 478 crore.Founded in 2019 by Pulkit Khurana with a focus on battery-as-a-service (BaaS) solutions, Battery Smart provides a battery-swapping network that enables electric vehicle users to exchange depleted batteries for fully charged ones within minutes.The firm intends to use the capital to expand its partner-led battery-swapping infrastructure across urban and semi-urban markets.
Between Feb 2020 and Apr 2026, Battery Smart had attracted about $ 247 M from Blume Ventures, British International Investment , MUFG Innovation Partners, Panasonic, LeapFrog, responsAbility, Rising Tide Energy, Tiger Global, Trifecta Capital, Stride Ventures, BlackSoil Capital, Orios VP, Baring India, Green Frontier Capital, Others.For FY25, Battery Smart had reported about INR 249 Cr in Operating Income and about INR 273 Cr in Net Loss.
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