BatteryPool Raises ₹8 Crore to Scale Its Pay-as-You-Go EV Battery Platform

Key Highlights

• BatteryPool raises ₹8 crore in Pre-Series A round.

• Funding led by IPV with major angel investors.

• Pay-as-you-go model boosts EV affordability.

• Plans 10x expansion to 20,000+ batteries.

• Managing 2,000+ batteries across six cities.

BatteryPool, a fast-growing EV energy solutions startup, has raised ₹8 crore in a Pre-Series A funding round. The round was led by Inflection Point Ventures (IPV) with support from Indian Angel Network, Chennai Angels, Keiretsu Forum, and several well-known HNIs. This investment gives a strong push to India’s expanding electric mobility ecosystem, especially the three-wheeler segments that need flexible, affordable, and reliable battery solutions.

A New Way to Access EV Energy: The Sachet-Style Model

BatteryPool is transforming how EV riders access battery power. The startup follows a simple idea: “Pay for battery energy as you pay for mobile data.”

Its sachet-style, pay-as-you-go model allows riders to pay small amounts daily, weekly, or monthly. This reduces the need for high upfront costs and makes EVs more accessible, especially for commercial users such as gig workers, delivery partners, and urban fleet operators.

What Makes BatteryPool Unique?

BatteryPool stands out due to its technology-driven and rider-friendly approach:

• Proprietary charging hardware built for high reliability

• IoT-connected and AI-assisted battery management for better performance and efficiency

• Flexible micro-payment options that reduce financial pressure on EV users

• A growing network currently managing 2,000+ batteries across six Indian cities

Funding to Support 10x Battery Fleet Expansion

With the fresh ₹8 crore investment, BatteryPool plans to expand its battery fleet from 2,000+ units to over 20,000 units within the next 18 months. This scale-up will help build a stronger national presence and support India’s increasing EV adoption.

Industry estimates say India may add nearly 2 million electric three-wheelers in FY25, making BatteryPool’s model more relevant than ever.

Vikram Ramasubramanian from IPV praised the company’s approach, saying that BatteryPool enables fast and seamless energy access for commercial EV users while monetizing batteries across their complete lifecycle. This ensures that riders stay mobile without interruptions.

Strong Technical Leadership at the Core

BatteryPool was founded in 2020 by Ashwin Shankar, a Stanford-trained engineer with experience at Schlumberger and NASA. His engineering background and systems-level understanding of electric mobility play a key role in shaping BatteryPool’s innovative solutions and long-term vision.

Also Read: Why India’s E-Rickshaw Boom Has Slowed Down: Understanding the L5 Upgrade Shift

CMV360 Says

BatteryPool’s ₹8 crore funding marks a strong step forward for India’s EV ecosystem. With its pay-as-you-go battery model, IoT-enabled technology, and plans to expand from 2,000 to 20,000 batteries, the startup is set to make electric mobility more affordable and accessible for everyday and commercial riders. Backed by leading investors and strong technical expertise, BatteryPool is well-positioned to support India’s fast-growing EV transition.