Bengaluru-based deeptech start-up Flowatt Battery Science, focused on EV battery innovation, has successfully raised ₹2.2 crore (over $249,000) in its maiden pre-seed funding round, led by prominent accelerator PedalStart. The funding marks a significant milestone for the company as it gears up to enhance its proprietary technology platform, strengthen ecosystem partnerships, and expand its team across technology, business development, and operations.
A substantial portion of the funds will be deployed towards technology optimisation and completing the proof-of-concept (POC) for Flowatt’s next-generation electric battery system, which revolves around three core pillars—lowest cost, longest life, and assured buyback. The company aims to revolutionise electric mobility economics by transforming how EV batteries are owned, operated, and maintained.
Flowatt leverages IoT-enabled tracking, data analytics, and predictive maintenance to enhance battery performance, efficiency, and lifecycle management. Its Battery-as-a-Service (BaaS) model allows last-mile delivery operators in e-commerce and quick-commerce sectors to access affordable, pay-per-use batteries without large upfront investments. This approach enables fleet operators to minimise downtime, improve operational margins, and enjoy predictable running costs similar to fuel-based models.
Currently, Flowatt’s BaaS model powers nearly 1,500 batteries across multiple Indian cities. With this fresh infusion of capital, the company plans to scale operations to 20,000 batteries, achieve over ₹2.5 crore in monthly recurring revenue (MRR), and expand its presence to 15+ Tier-1 and Tier-2 cities by FY 2026-27.
Commenting on the announcement, Siddhartha Srivastava, Bikesh Jha, and Vikash Singh, co-founders of Flowatt Battery Science, said:
“We are thrilled to close our pre-seed round led by PedalStart — a crucial step in Flowatt’s growth journey. The funds will enable us to optimize and scale our innovative Battery-as-a-Service solution, built on minimal cost, extended battery life, and an assured buyback guarantee. As India’s EV sector matures, efficient battery lifecycle management has become essential. At Flowatt, we are bridging the gap between battery science and data intelligence to make EV ownership more affordable, sustainable, and profitable.”
Adding to this, Manas Pal and Aditya Darolia, co-founders of PedalStart, said:
“As India accelerates toward large-scale electrification, Flowatt is addressing one of the most pressing challenges — the economics of battery adoption. Their Battery-as-a-Service model converts a heavy capital cost into a flexible service, unlocking commercial EV adoption at scale. Flowatt’s vision around lifecycle management and second-life applications makes it one of the most promising deeptech start-ups in the EV space today.”
Flowatt’s technology platform also includes a battery assurance layer that offers real-time health monitoring and lifecycle underwriting, positioning it among the few global players creating a fully integrated battery intelligence ecosystem. Beyond its primary focus on electric two- and three-wheelers, the company is also exploring second-life applications to promote a circular energy economy, extending battery life and reducing environmental waste through pilot projects already underway.
With the EV industry in India poised for exponential growth, Flowatt’s data-driven approach and deep tech innovation place it at the forefront of sustainable electric mobility, combining advanced battery science with intelligent asset management to shape the future of clean transportation.
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