Battery Smart
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Background
From 3 stories, the newest dated 21 Aug 2026. Summary written 3 Oct 2026.
Battery Smart is a battery-swapping network for electric vehicles based in Gurugram. [1] source: Entrackr
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It operates more than 1,500 swapping stations across 75+ cities. [2] source: YourStory It has deployed over 3 lakh lithium-ion batteries and serves nearly 1 lakh commercial EV drivers. [2] source: YourStory
In August 2026, Battery Smart raised Rs 185.5 crore ($19.5 million) in a Series C led by Rising Tide Ventures at a $430 million post-money valuation. [1] source: Entrackr Rising Tide Ventures invested Rs 112 crore, Ecosystem Integrity Fund Rs 49 crore and Blume Ventures Rs 25 crore. [1] source: Entrackr The company had Rs 66 crore of pre-Series C funding in March 2026. [1] source: Entrackr It will use the proceeds for expansion and capex. [1] source: Entrackr Its FY26 revenue rose 43.8% to Rs 358 crore while losses narrowed. [1] source: Entrackr FY25 operating revenue rose 52% to about Rs 250 crore from Rs 164 crore in FY24. [2] source: YourStory
Inc42 and YourStory reported in August 2026 that Battery Smart plans to file its IPO draft papers with Sebi in September or October 2026, after reaching FY26 operational break-even. [3] source: Inc42[2] source: YourStory It targets 70-80% annual growth over three to five years through city expansion and deeper penetration in existing markets. [2] source: YourStory
Sources
Questions about Battery Smart
How many Battery Smart stores are there?
Battery Smart operates more than 1,500 swapping stations across 75+ cities, as reported in August 2026. [2] source: YourStory
How fast is Battery Smart growing in India?
Battery Smart's FY26 revenue rose 43.8% to Rs 358 crore while its losses narrowed, as reported in August 2026. Its FY25 operating revenue had risen 52% to about Rs 250 crore from Rs 164 crore in FY24. [1] source: Entrackr[2] source: YourStory
What is Battery Smart's current strategy in India?
In March 2026 Battery Smart received Rs 66 crore of pre-Series C funding, and in August 2026 it raised a $19.5 million Series C for expansion and capex. It also plans to file its IPO draft papers in September or October 2026. [1] source: Entrackr[2] source: YourStory
Stories that mention Battery Smart
1 story
Battery Smart is named in these stories but is not their subject.