The startup said it will use the capital to expand its dense battery-swapping network across the country and drive greater electric mobility adoption.
“The fresh capital will enable us to accelerate our expansion, enhance our technology and strengthen our market presence,” said Pulkit Khurana, co-founder and CEO of Battery Smart.
The equity round saw participation from new and existing investors, including MUFG Bank, Panasonic, Ecosystem Integrity Fund, Bloom Ventures and British International Investments.
The startup has quickly grown to 1,000 battery-swapping stations across 30 cities, and has completed over 35 million swaps with over 45,000 active customers.
“This investment is a natural fit for LeapFrog’s climate investment strategy, which aims to invest $500 million in innovative companies that are creating new low-carbon, low-cost solutions in growth markets in Asia and Africa,” said Nakul Zaveri, Partner and Managing Director of LeapFrog. "Can accelerate technologies." Co-Head, Climate Investment Strategy, Leapfrog Investments.
Battery Smart said it is ensuring that EV users are within 1 km radius of the station with zero waiting time.
“The fresh capital will enable us to accelerate our expansion, enhance our technology and strengthen our market presence,” said Pulkit Khurana, co-founder and CEO of Battery Smart.
The equity round saw participation from new and existing investors, including MUFG Bank, Panasonic, Ecosystem Integrity Fund, Bloom Ventures and British International Investments.
The startup has quickly grown to 1,000 battery-swapping stations across 30 cities, and has completed over 35 million swaps with over 45,000 active customers.
“This investment is a natural fit for LeapFrog’s climate investment strategy, which aims to invest $500 million in innovative companies that are creating new low-carbon, low-cost solutions in growth markets in Asia and Africa,” said Nakul Zaveri, Partner and Managing Director of LeapFrog. "Can accelerate technologies." Co-Head, Climate Investment Strategy, Leapfrog Investments.
Battery Smart said it is ensuring that EV users are within 1 km radius of the station with zero waiting time.