About Battery Smart
Battery Smart is a company based in Gurugram (India) founded in 2019 by Pulkit Khurana and Siddharth Sikka.. Battery Smart has raised $180.36 million across 13 funding rounds from investors including MUFG Bank, BlackSoil and Panasonic. The company has 482 employees as of May 31, 2025. Battery Smart operates in a competitive market with competitors including SUN Mobility, Esmito, Batterypool, Swapp Design and Mooving, among others.
- Headquarter Gurugram, India
- Employees 482 as on 31 May, 2025
- Founders Pulkit Khurana, Siddharth Sikka
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$22.56 M (USD)193as on Mar 31, 2024
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Net Profit
$-17 M (USD)-129as on Mar 31, 2024
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EBITDA
$-1.3 M (USD)60as on Mar 31, 2024
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Total Equity Funding
$180.36 M (USD)
in 13 rounds
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Latest Funding Round
$21 M (USD), Series B
Jun 25, 2025
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Investors
MUFG Bank
& 42 more
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Employee Count
482
as on May 31, 2025
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Funding Insights of Battery Smart
Battery Smart has successfully raised a total of $180.36M across 13 strategic funding rounds. The most recent funding activity was a Series B round of $21 million completed in June 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 13
- Last Round Series B — $21.0M
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First Round
First Round
(29 Feb 2020)
- Investors Count 43
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2025 | Amount | Series B - Battery Smart | Valuation | Rising Tide Energy | |
| Mar, 2025 | Amount | Series B - Battery Smart | Valuation | LeapFrog Investments , MUFG | |
| May, 2024 | Amount | Series B - Battery Smart | Valuation | LeapFrog Investments |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Battery Smart
Battery Smart has secured backing from 43 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include MUFG Bank, BlackSoil and Panasonic. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Seed and early-stage investments are made across sectors in India.
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Founded Year | Domain | Location | |
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Venture capital is provided to early-stage startups by this fund.
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Founded Year | Domain | Location | |
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Government agency focused on small and medium-sized businesses
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Battery Smart
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Battery Smart
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Battery Smart Comparisons
Competitors of Battery Smart
Battery Smart operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SUN Mobility, Esmito, Batterypool, Swapp Design and Mooving, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for battery swapping solutions
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| domain | founded_year | HQ Location |
Saas & IoT enabled battery management products and solutions for electric vehicles
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| domain | founded_year | HQ Location |
Battery rental and swapping services for electric vehicles are offered.
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| domain | founded_year | HQ Location |
Battery swapping solutions for EV charging station operators
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| domain | founded_year | HQ Location |
Battery swapping solutions are provided for electric vehicles in India.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Battery Smart
Frequently Asked Questions about Battery Smart
When was Battery Smart founded?
Battery Smart was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Battery Smart located?
Battery Smart is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Battery Smart?
Pulkit Khurana is the current CEO of Battery Smart. They have also founded this company.
Is Battery Smart a funded company?
Battery Smart is a funded company, having raised a total of $180.36M across 13 funding rounds to date. The company's 1st funding round was a Series B of $65M, raised on Feb 29, 2020.
How many employees does Battery Smart have?
As of May 31, 2025, the latest employee count at Battery Smart is 482.
What is the annual revenue of Battery Smart?
Annual revenue of Battery Smart is $22.56M as on Mar 31, 2024.
What does Battery Smart do?
Provider of EV battery-swapping network. Its offerings include a network of modular lithium-ion battery swapping stations across India, catering to electric two and threewheelers with pay-per-swap access to fully charged batteries. Its features include interoperable battery packs, a partner-led assetlight station model, mobile app for swap location and payment, and quick swap technology that boosts rider uptime and income. It also offers fleet support, station partnerships for small-business operators, insurance coverage for drivers and station staff, and scalable station deployment. It uses proprietary battery-as-a-service tech stack, real-time data analytics for station performance, IoT-enabled battery monitoring, and financing structures.
Who are the top competitors of Battery Smart?
Battery Smart's top competitors include SUN Mobility, Batterypool and Esmito.
Who are Battery Smart's investors?
Battery Smart has 43 investors. Key investors include MUFG Bank, BlackSoil, Panasonic, LeapFrog Investments, and Faad Capital.
What is Battery Smart's valuation?
The valuation of Battery Smart is $451.09M as of Mar 2025.