Gurugram-based battery-swapping network for electric two- and three-wheelers. Battery Smart's battery-as-a-service model lets commercial and gig-economy drivers swap depleted lithium-ion batteries for charged ones in minutes rather than owning the battery or waiting to recharge, across a network of over 1,500 swapping stations. Founded in 2019 by Pulkit Khurana and Siddharth Sikka, both IIT Kanpur alumni.
1StartupFox story
2019Founded
EV(Battery Swapping)Sector
Aug 2026Latest coverage
Funding
Battery Smart has raised $116M across 5 disclosed rounds.
Revenue up 43.8% to ₹358 Cr; net loss narrowed 12.8% to ₹23.55 Cr from ₹27 Cr. Company reported to have reached operational break-even in FY26. Per RoC filings.
Gurugram-based battery-swapping network for electric two- and three-wheelers. Battery Smart's battery-as-a-service model lets commercial and gig-economy drivers swap depleted lithium-ion batteries for charged ones in minutes rather than owning the battery or waiting to recharge, across a network of over 1,500 swapping stations. Founded in 2019 by Pulkit Khurana and Siddharth Sikka, both IIT Kanpur alumni.
Who founded Battery Smart?
Battery Smart is associated with Pulkit Khurana, Siddharth Sikka.
How much funding has Battery Smart raised?
Battery Smart has raised $116M across 5 disclosed rounds. The most recent was a $20M round in Aug 2026.
Who are Battery Smart's investors?
Disclosed investors in Battery Smart include Rising Tide Ventures, Ecosystem Integrity Fund, Blume Ventures, Mirova (debt), Acacia Inclusion, PC-SBI Kurashi Visionary Fund, Rising Tide Energy, Asia Climate Fund, Tiger Global, LeapFrog Investments, British International Investment.
What is Battery Smart's valuation?
Battery Smart was last reported at Not disclosed, at the time of its round in Aug 2026.
Is Battery Smart profitable?
Per its FY26 standalone filing, Battery Smart reported ₹358 Cr in revenue, with a ₹24 Cr loss.
What is the status of the Battery Smart IPO?
Planned. (As reported; not confirmed by the company.)
What is the latest news on Battery Smart?
The most recent StartupFox coverage is “Battery Smart Raises ₹185.5 Crore Series C Led by Rising Tide Ventures at an Estimated $430 Million Valuation” (21 August 2026). All stories are listed on this page.
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