Indian EV startup BatteryPool, known for its innovative sachet-style, pay-as-you-go battery solutions, has raised ₹8 crore in a pre-series A funding round led by Inflection Point Ventures (IPV). The round also saw participation from the Indian Angel Network (IAN), Chennai Angels, Keiretsu Forum, and prominent HNIs.
Currently managing over 2,000 batteries across six cities, BatteryPool plans to scale its battery fleet tenfold over the next 18 months, strengthening its nationwide footprint and making EV adoption more accessible for both individual riders and commercial operators.
Innovative Pay-As-You-Go Battery Model
BatteryPool’s proprietary hardware combined with an IoT-connected battery management system enables one of India’s most flexible EV energy solutions. Its sachet-style model allows users to pay in small daily, weekly, or monthly installments, lowering the barrier for EV adoption. This approach has already gained traction across multiple cities, highlighting the demand for affordable and convenient EV battery solutions.
Investor Insights
Vikram Ramasubramanian, Inflection Point Ventures, stated,
“India’s EV market holds immense potential, and flexible solutions like BatteryPool’s are key to unlocking it. Fast and efficient battery access is critical for commercial operators, and BatteryPool’s pay-as-you-go model ensures riders and businesses remain mobile while monetising batteries throughout their lifecycle.”
Founder’s Vision
Founded in 2020 by Ashwin Shankar, a Stanford-trained electrical engineer with experience at Schlumberger and NASA, BatteryPool aims to replicate the success of India’s sachet model in EV energy consumption. Shankar explained,
“By bringing pay-as-you-go energy to batteries, we’ve made electric mobility affordable and accessible. Our focus remains on strengthening the ecosystem, improving battery access, and enhancing the user experience for everyday riders.”
Growing EV Market Demand
India currently has over 2 million electric two- and three-wheelers on the road, with another 2 million expected to be sold in FY25. The rapid growth of the EV sector, particularly in two- and three-wheelers, illustrates the importance of practical, scalable battery solutions that support everyday mobility.
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