Discover the full story behind 1 Minute Startup Update - Battery tech startup BatteryPool raises ₹ 8.... This guide explores its crucial role in battery.
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 hardware and an IoT-connected Battery Management System (BMS).
Market Impact: Currently managing over 2,000 batteries across six cities, the platform addresses the critical need for simple, affordable, and practical battery-charging and swapping solutions in the booming EV sector.
This funding is a strong signal for India's transition to electric mobility, enabling startups like BatteryPool to solve the critical infrastructure challenges for EV adoption among commercial and last-mile logistics fleets.
Follow The Rupee Story for more updates on venture capital and startup funding.
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