Pune, Nov 27:- BatteryPool, a pioneering pay-as-you-go EV battery access platform, has raised ₹8 crore in its Pre-Series A round, led by Inflection Point Ventures, with participation from Indian Angel Network (IAN), Chennai Angels, Keiretsu Forum, and notable HNIs. Currently managing 2,000+ batteries across six cities, BatteryPool plans to scale its battery fleet 10x over the next 18 months, strengthening its national footprint.
BatteryPool’s competitive edge lies in its proprietary hardware and IoT-enabled battery management system, powering one of India’s most flexible sachet-style energy platforms for EV users. As the first company in the country to allow riders to pay in small daily, weekly, or monthly amounts, BatteryPool has made EV adoption significantly more accessible. This low-commitment, pay-as-you-go model is witnessing strong uptake across cities, proving that simplified payments can unlock mass EV adoption.
Vikram Ramasubramanian, Inflection Point Ventures, said;
“As India accelerates EV adoption, fast and efficient charging becomes critical—any delay impacts rider income and business operations. BatteryPool solves this by offering seamless, pay-as-you-go access to charged batteries, keeping riders constantly mobile. Their model maximizes the lifecycle value of every battery, creating multiple revenue streams from a single asset.”
Founded in 2020 by Ashwin Shankar, a Stanford-trained electrical engineer with experience at Schlumberger and NASA, BatteryPool blends deep engineering expertise with systems-level thinking shaped by his role in a leading technology policy think tank.
Ashwin Shankar, Founder, BatteryPool, said;
“The sachet model revolutionized consumer access in India from mobile data to daily essentials. EVs are next. Our pay-as-you-go battery model makes electric mobility truly affordable. Our focus now is on strengthening the ecosystem, expanding battery access, enhancing user experience, and supporting everyday riders as India transitions to electric mobility.”
India has over 2 million electric two- and three-wheelers on the road today, with another 2 million expected to be added in FY25. As EV adoption accelerates, the demand for simple, reliable, and scalable battery access solutions continues to grow rapidly.