About Batterypool
Batterypool is a Transportation, Automotive & Logistics company based in Pune (India) founded in 2018 by Ashwin Shankar. It operates as a battery rental and swapping services for electric vehicles are offered. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Batterypool has raised $2.91 million across 7 funding rounds from investors including IIFL Finance, Kaar Technologies and Haystack TV. Batterypool was last valued at $5.87 million in April 2024. Its chief executive is Ashwin Shankar. Its Indian entity Divish Mobility Private Limited reported revenue of ₹3.55 Cr. Batterypool offers products and services including Battery Rental Service, Battery Swapping Network, and Maintenance Service. Its focus areas include Energy Tech, Energy Storage Tech, Charging and Station Network. Its competitors include SUN Mobility, Battery Smart, Tiger New Energy, Mobile Power and Esmito and 3 more; 8 of its 8 listed competitors have raised funding.
Company details
Batterypool was founded in 2018 in Pune, India, as a platform focused on the electric vehicle sector. Battery subscriptions are provided, enabling users to obtain electric vehicles without purchasing the battery outright. Depleted batteries can be swapped for charged ones at designated stations, or subscribers may charge them at home. Operations center on facilitating accessible battery management for EV owners in urban areas.
- Headquarters Pune, India
- Founders Ashwin Shankar
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website batterypool.com
- Social LinkedIn X Facebook Instagram
- Legal Name Divish Mobility Private Limited
- Date of Incorporation 12 Jan, 2018
- Jurisdiction Pune, Maharashtra, India
- Annual Revenue₹3.55 Cr
FY 2025 · +48% YoY
- Net Loss-₹4.69 Cr
FY 2025 · -132% margin
- EBITDA-₹3.59 Cr
FY 2025 · -101% margin
- Total Equity Funding$2.91M (USD)
in 7 rounds
- Latest Funding Round$960K (USD), Seed
Nov 2025
- InvestorsIIFL Finance
& 138 more
Associated legal entities of Batterypool
Batterypool operates through Divish Mobility Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Divish Mobility Private Limited CIN U74999PN2018PTC174312 | Active | 12 Jan 2018 | Pune, Maharashtra | ₹3.6 Cr | 11 | 3 | View details |
Products & Services of Batterypool
Batterypool offers a comprehensive portfolio of products and services, including Battery Rental Service, Battery Swapping Network, and Maintenance Service.
Rents batteries for electric vehicles with pay-as-you-go model.
Enables quick battery exchanges at stations to minimize downtime.
Handles battery care and repairs for seamless EV operations.
Funding Insights of Batterypool
Batterypool has successfully raised a total of $2.91M across 7 strategic funding rounds. The most recent funding activity was a Seed round of $960 thousand completed in November 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 $2.91M
- Total Rounds 7
- Last Round Seed — $960,000
- First Round $102,951
(Aug 2020)
- Investors Count 139
All 7 funding rounds of Batterypool with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2025 | $960,000 | Seed | – | Inflection Point Ventures | |
| Sep 2025 | $176,328 | Seed | – | Firstport Capital | |
| Jan 2025 | $200,509 | Seed | – | Radhakrishna Karumanchi, Mohan Pandey | |
| Apr 2024 | $510,100 | Seed | $5.87M | Firstport Capital, Inflection Point Ventures | |
| Mar 2023 | $681,484 | Seed | $59.33M | Steer Advisors, Haystack TV | |
| Aug 2021 | $279,854 | Seed | $••••• | Indian Angel Network, Entrepreneurship Development Institute of India | |
| Aug 2020 | $102,951 | Seed | $••••• | 100X.VC |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2024 | $5.87M | •••••••• |
| Mar 2023 | $59.33M | •••••••• |
| Aug 2021 | $••••• | •••••••• |
Full valuation and stage history of Batterypool
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $5.87M (Apr 2024). 138 investors in total: 30 institutional and 108 angel.
Investors in Batterypool
Batterypool has secured backing from 138 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include IIFL Finance, Kaar Technologies and Haystack TV.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments and partnerships in diverse sectors. | 2012 | saama.vc | Bengaluru, India | |
Early-stage offline-focused PE & VC firm investing in geographies such as India | 2009 | moonbeam.in | Gurugram, India | |
Early-stage startups are funded by 100X.VC venture capital firm. | – | 100x.vc | Mumbai, India | |
Angel investor network investing in early-stage startups | – | iangroup.vc | Delhi, India | |
Early-stage venture funding for sector-agnostic startups in India. | 2021 | 2amvc.com | Mumbai, India | |
Multiple-stage venture capital investments are managed by Haystack. | – | haystack.vc | Menlo Park, United States | |
Startup incubator focused on science business | – | startups.venturecenter.co.in | - | |
Venture capital investment in tech-startups | – | firstportcapital.tcc.mode | Gurugram, India | |
Investments are made in early-stage tech startups across sectors. | – | ipventures.in | Gurugram, India | |
Angel network focused on multiple sectors | – | thechennaiangels.com | - |
Investor details for Batterypool
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Board of directors of Divish Mobility Private Limited (Batterypool)
Divish Mobility Private Limited is the primary company behind Batterypool. The board of Divish Mobility Private Limited currently have 3 directors; the longest-serving is Ashwin Shankar, appointed in 2018.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ashwin Shankar DIN 07982969 | Director | 12 Jan 2018 | 8 yrs 9 mo | Divish Mobility Private Limited |
| Shankar Subramoniam DIN 01181215 | Director | 12 Jan 2018 | 8 yrs 9 mo | Divish Mobility Private Limited |
| Arjun Seth DIN 00005826 | Nominee Director | 12 Aug 2021 | 5 yrs 2 mo | Divish Mobility Private Limited |
People of Batterypool
1 people are tracked at Batterypool (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder & CEO | Leadership |
Complete people profiles for Batterypool
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of Batterypool
Figures of Divish Mobility Private Limited, the primary company behind Batterypool, for FY 2025. Revenue was ₹3.55 Cr (+48% year on year). Net loss was -₹4.69 Cr (-132% margin). EBITDA was -₹3.59 Cr (-101% margin). Revenue has grown at a compounded annual rate of +35% over three years and +134% over five years.
- ₹3.55 CrRevenue · FY 2025 · +48% YoY
- -₹4.69 CrNet loss · -132% margin
- -₹3.59 CrEBITDA · -101% margin
- ₹27.2 LakhPaid-up capital
- 11Employees (provident fund records)
- +35%Revenue CAGR, 3 years
- +134%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Divish Mobility Private Limited are on its company page.
Detailed financial statements for Batterypool
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Batterypool
4 dated milestones of Batterypool across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Batterypool is founded.
- Funding First funding round of $103K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $960K.
Competitors of Batterypool
Batterypool has 8 listed competitors in our database, 8 of them funded. They include SUN Mobility, Battery Smart, Tiger New Energy, Mobile Power and Esmito, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sunmobility.com | 2017 | Bengaluru, India | $50M | 473 | Online platform for battery swapping solutions | |
| batterysmart.in | 2019 | Gurugram, India | $180.36M | 482 | Provider of EV battery-swapping network | |
| tigernewenergy.com | 2021 | Dhaka, Bangladesh | $3.5M | – | Battery swapping solutions for electric vehicles are provided. | |
| mobilepower.co | 2013 | Sheffield, United Kingdom | $7.15M | – | Blockchain-based lithium-ion battery storage systems are developed for energy distribution. | |
| esmito.com | 2018 | Chennai, India | $1.39M | 31 | Saas & IoT enabled battery management products and solutions for electric vehicles | |
| swobbee.com | 2016 | Berlin, Germany | $8.71M | 40 | Battery swapping for commercial micromobility vehicles is provided. | |
| leopardaelectric.com | 2022 | Sao Paulo, Brazil | $8.5M | – | Leoparda Electric is focused on electric vehicle adoption in Latin America. | |
| aulton.com | 2000 | Guangzhou, China | $232.2M | – | Electric vehicle battery swapping solutions with automated systems are provided. |
Detailed competitors of Batterypool
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Top companies in Electric & Green Mobility
10 companies that operate in the same segment as Batterypool (Electric & Green Mobility), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric kick-scooters are rented through an app-based platform. | 2017 | Miami, Florida, United States | USD 765 M | USD 244.66 M | 953 | |
Electric kick-scooters are rented through an app-based platform. | 2017 | San Francisco, California, United States | USD 1.4 B | – | 2,813 | |
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | – | – | |
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 | |
App-based platform offering electric kick scooter rental services | 2018 | Amsterdam, Netherlands | USD 211.85 M | – | – | |
Utility bill management platform is provided for tracking and billing. | 2015 | London, England, United Kingdom | USD 2.81 B | USD 17.62 K | 5,752 | |
Electric vehicles are manufactured and developed by Polestar. | 1996 | Goteborg, Vastra Gotaland, Sweden | USD 550 M | USD 3.06 B | 2,550 | |
Electric buses and charging systems are manufactured for fleets. | 2004 | Burlingame, California, United States | USD 857.79 M | USD 309.36 M | 418 | |
Multi-category electric vehicles are manufactured for diverse applications. | 1999 | Bedford, United States | USD 101.78 M | – | – |
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Frequently Asked Questions about Batterypool
Batterypool was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Batterypool is headquartered in Pune, India. It is registered at Pune, Maharashtra, India.
Ashwin Shankar is the current CEO of Batterypool. They have also founded this company.
Batterypool is a funded company, having raised a total of $2.91M across 7 funding rounds to date. The company's 1st funding round was a Seed of $102.95K, raised on Aug 2020.
The primary company behind Batterypool, Divish Mobility Private Limited, reported revenue of ₹3.55 Cr for FY 2025, up 48% year on year.
Batterypool was founded in 2018 in Pune, India, as a platform focused on the electric vehicle sector. Battery subscriptions are provided, enabling users to obtain electric vehicles without purchasing the battery outright. Depleted batteries can be swapped for charged ones at designated stations, or subscribers may charge them at home. Operations center on facilitating accessible battery management for EV owners in urban areas.
Batterypool's top competitors include Battery Smart, SUN Mobility and Swobbee.
Batterypool offers Battery Rental Service, Battery Swapping Network, and Maintenance Service.
Batterypool has 138 investors. Key investors include IIFL Finance, Kaar Technologies, Haystack TV, 2am VC, and Texport.
The valuation of Batterypool is $5.87M as of Apr 2024.
Batterypool operates through Divish Mobility Private Limited.
The legal entities of Batterypool currently have 3 directors, including Ashwin Shankar, Shankar Subramoniam, Arjun Seth.