Amount Raised
$33 Million
Round Type
Funding Round
GurgaonSoftwareInvestors
Description
Battery swapping network Battery Smart on Thursday said it has raised $33 million (around Rs 272 crore) in funding that saw participation from the company's existing investors, Tiger Global and Blume Ventures, as well as new investors, The Ecosystem Integrity Fund (EIF) and British International Investment (BII). The capital will be utilised by the company to add 1 lakh new customers to its network by 2025, and expand its geographic footprint, the company said in a statement. "With 25,000 active customers across tier 1, 2 and 3 cities, we are keen to reinforce our ESG objectives while supporting India's pursuit towards net-zero emissions. This investment also signifies our commitment to enhancing the livelihoods of our station partners and drivers, empowering them to play a significant role in India's transition towards electric mobility," Battery Smart cofounder and chief executive Pulkit Khurana stated
Quick answer
Battery Smart raised $33 Million in a Funding Round round, dated July 6, 2023. Investors: Orios Ventures, Battery Smart Cofounder And Chief Executive Pulkit Khurana, British International Investment, Ecosystem Integrity Fund, Blume Ventures and Tiger Global. Battery Smart is based in Gurgaon, Haryana, India.
- How much did Battery Smart raise?
- Battery Smart raised $33 Million in a Funding Round round on July 6, 2023.
- Who invested in Battery Smart?
- Orios Ventures, Battery Smart Cofounder And Chief Executive Pulkit Khurana, British International Investment, Ecosystem Integrity Fund, Blume Ventures and Tiger Global are named as investors in this round.
- What does Battery Smart do?
- Battery Smart is building India’s largest network of battery swapping stations providing Li-ion batteries on a pay-per-use basis for the drivers of three-wheeled electric rickshaws through our asset-light network of..
- Where is Battery Smart based and how big is it?
- Battery Smart is based in Gurgaon, Haryana, India. Fundz records about 950 employees.
- Who are the decision-makers at Battery Smart?
- Fundz holds 1 contact at Battery Smart. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Software around the same time
Companies in the same sectors as Battery Smart that raised within 45 days of this round, from Fundz verified event records.
- Persefoni AI raised $53M on August 18, 2023.
- Funnel Leasing, Inc. raised $12M on August 18, 2023.
- Teamshares raised $245M (Funding Round) on August 18, 2023.
- Vente AI raised $7.6M (Seed) on August 18, 2023.
- Ostendio raised an undisclosed amount (Funding Round) on August 17, 2023.
- Sports Visio, Inc. raised $3M (Seed) on August 17, 2023.
Who to call at Battery Smart, and when
A new round usually means Battery Smart is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Battery Smart raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Battery Smart, from your own LinkedIn network
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Related People
Battery Smart raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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