Team Startupcity

• Bengaluru-based EV battery deeptech startup Flowatt Battery Science raised Rs 2.2 crore in a pre-seed round led by PedalStart.
• The funding will be used to refine battery design, complete proof of concept, build partnerships, and expand teams across tech, business, and operations.
• Flowatt’s Battery-as-a-Service (BaaS) model targets fleet electrification, offering pay-per-use smart batteries, aiming to scale to 20,000 units and Rs 2.5 crore MRR by FY 2026-27.

Bengaluru-based battery deeptech startup Flowatt Battery Science raised Rs 2.2 crore in a pre-seed round headed by PedalStart, a significant milestone for India's expanding Electric Vehicle (EV) battery technology landscape.

The new capital will go towards refining Flowatt's cutting-edge EV battery design, finishing its proof of concept (POC), and establishing strategic partnerships with insurers, EV financiers, and Original Equipment Manufacturers (OEMs). The firm also intends to staff up in technology, business development, and operations to drive growth.

Founded in 2023 by Siddhartha Srivastava, Bikesh Jha, and Vikash Singh, Flowatt Battery Science integrates IoT-based tracking, predictive analytics, and intelligent asset management to improve EV battery performance, reliability, and cost savings. The startup is targeted towards fleet electrification for India's fast-growing e-commerce and quick-commerce segments' last-mile logistics players.

At the heart of Flowatt's business model is its Battery-as-a-Service (BaaS) platform, enabling EV fleet operators to use batteries on a pay-per-use model. This saves upfront capital expenditures, ensures predictable operating costs, reduces downtime, and enhances operational efficiency addressing one of the largest commercial EV adoption challenges in India.

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Flowatt has already made strong early traction, deploying close to 1,500 intelligent batteries in various Indian cities. The company now plans to scale up to 20,000 smart connected batteries, clocking more than Rs 2.5 crore of monthly recurring revenue (MRR) and operating in over 15 Tier I and Tier II cities by FY 2026-27.

Explaining the investment, PedalStart co-founders Manas Pal and Aditya Darolia added, "With India racing towards mass EV adoption, Flowatt is addressing one of the most pressing issues the economics of battery ownership. Their BaaS model converts a capital-intensive expense into a scalable, adaptive service, enabling commercial EV adoption at scale".

With its emphasis on technological innovation, affordability, and scalability, Flowatt Battery Science can position itself as a leading EV battery startup in India to lead the country's transition towards sustainable and cost-effective electric mobility.