1 Minute Startup Update - Battery tech startup BatteryPool raises ₹ 8...
Discover the full story behind 1 Minute Startup Update - Battery tech startup BatteryPool raises ₹ 8.... This guide explores its crucial role in battery. 1 Minute Startup Update: Battery tech startup BatteryPool raises 8 crore (approx. $960K) in Pre-Series A funding! The company is scaling its innovative "pay-as-you-go" battery access model to meet the soaring demand from India's growing fleet of electric two- and three-wheelers. Startup: BatteryPool. Founder: Ashwin Shankar (Founded 2020). Key Highlights: Investment Lead: The pre-Series A round was led by Inflection Point Ventures (IPV), with participation from Indian Angel Network, Chennai Angels, and others. Expansion Goal: The fresh funds will be utilized to expand the company's presence across India and scale its managed battery fleet 10 times over the next 18 months. Unique Model: BatteryPool offers sachet-style daily, weekly, or monthly payments for EV batteries, leveraging proprietary hardwa...