Team StartupCity

• BatteryPool raises Rs 8 crore in pre-Series A led by Inflection Point Ventures.
• Funding will help expand its EV battery fleet 10x and grow nationwide.
• Startup operates a pay-as-you-go model with over 2,000 batteries across six cities.

Battery tech startup BatteryPool has raised Rs 8 crore (about $960,000) in its pre-Series A round, led by Inflection Point Ventures. Investors from Indian Angel Network, Chennai Angels, Keiretsu Forum, and several individuals also joined the round. The company plans to use the fresh capital to scale its battery fleet tenfold over the next 18 months and expand its operations across India.

Founded in 2020 by Ashwin Shankar, BatteryPool offers a pay-as-you-go model that provides electric vehicle users easy access to batteries without large upfront costs. Using its proprietary hardware and an IoT-powered battery management system, the startup allows daily, weekly, or monthly payments, making EV adoption more affordable for riders and fleet operators.

BatteryPool currently manages over 2,000 batteries across six cities. Its platform also enables monetization throughout the full lifecycle of each battery, helping improve asset efficiency and reduce long-term costs for users.

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India’s EV market is seeing rapid growth, with more than 2 million electric two- and three-wheelers already on the road. An additional 2 million EVs are expected to be sold in FY25, creating strong demand for convenient and scalable battery-charging and swapping solutions. BatteryPool aims to tap into this rising need with its flexible, tech-driven battery access model.