Indian startup Battery Smart secures $25 million in new funding

Oluwajuwonlo Afolabi -

Battery Smart, an India-based electric vehicle (EV) battery swapping startup has secured $25 million in its Series A funding round led by Tiger Global.

  • The fund would be invested in building out its stack of technology, advancing its team, and entering new geographies, it claims.
  • Battery Smart is a battery swapping network for electric vehicles for two and three-wheelers.
  • The startup last raised $7 million from Blume Ventures, Orios Ventures, and others in November 2021.
  • Blume Ventures and Orios Ventures invested in the new round.