Fundz

Battery Smart raised $45M in a Series B funding round led by Acacia Inclusion Limited and others

May 16, 2024

Amount Raised

$45 Million

Round Type

Series B

GurgaonSoftware

Investors

British International InvestmentThe Ecosystem Integrity FundBlume VenturesMUFG BankAcacia Inclusion Limited

Description

Battery Smart, a Gurugram-based battery tech startup, has raised $45 million in a Series B funding round from investors including Acacia Inclusion Limited, MUFG Bank, Blume Ventures, The Ecosystem Integrity Fund, and British International Investment. The company plans to use the funds to expand its swapping stations and further develop its battery technology.

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.

  • Roots Automation raised $10M on June 28, 2024.
  • Zitadel raised $4M on June 28, 2024.
  • Gradient AI raised $36M on June 28, 2024.
  • Alembic Technologies raised $1.8M on June 28, 2024.
  • Vibrant Planet raised $4.2M on June 28, 2024.
  • Promptfoo raised $5.2M on June 28, 2024.

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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Company Information

Company

Battery Smart

Location

Gurgaon, Haryana, India

About

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 partner swap stations.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Battery Smart raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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