BatterySmart

Battery Smart is a company that has established India's largest network of battery-swapping stations for electric two- and three-wheelers. The company operates on a 'battery-as-a-service' (BaaS) model, providing lithium-ion batteries on a pay-per-use basis. This service allows drivers to swap their depleted batteries for fully charged ones in under two minutes, which saves them time and upfront costs associated with battery ownership.

The company's primary clients are drivers of electric two- and three-wheelers, a significant and growing segment of the Indian transportation market. By offering a convenient and affordable alternative to traditional charging, Battery Smart is addressing the challenges of limited charging infrastructure and long charging times that have hindered EV adoption in the country.

Battery Smart's business model is based on a partner-led approach to expand its network of swapping stations. The company has successfully raised significant capital, including a $65 million Series B funding round, to support its growth and expansion plans. With over 1,200 swapping stations across India and having completed over 50 million battery swaps, the company is a key player in the country's transition to electric mobility.

Keywords: battery swapping, electric vehicles, BaaS, two-wheelers, three-wheelers, India, Li-ion batteries, pay-per-use, e-rickshaws, EV infrastructure