Inflection Point Ventures led BatteryPool’s Pre-Series A round, which raised ?8 crore. Keiretsu Forum, Chennai Angels, Indian Angel Network (IAN), and prominent HNIs participated in the round as well. Currently overseeing more than 2000 batteries in six locations, BatteryPool will use the funds to increase its battery fleet tenfold over the course of the next eighteen months, expanding its national reach.
One of India’s flexible sachet-style, pay-as-you-go energy platforms for EVs is powered by BatteryPool’s proprietary hardware and Internet of Things-connected battery management system. BatteryPool has made EV use much more affordable by launching the nation’s first model that enables users to pay in tiny daily, weekly, or monthly quantities.
This approach has already demonstrated considerable uptake in a number of locations, demonstrating that straightforward, low-commitment payments can attract a far larger number of EV users.
Ashwin Shankar, a Stanford-trained electrical engineer with extensive technical skills from his work developing hardware at Schlumberger and NASA, established BatteryPool in 2020. In addition, he was a founding member of a well-known think tank on technology policy that combined systems-level knowledge with engineering experience.
With over 2 million electric two- and three-wheelers on the road in India, battery charging needs to be handled more conveniently. With an additional 2 million EVs sold in FY25, primarily two-wheelers and three-wheelers, the demand for straightforward, reliable battery solutions is still rising quickly.
Leadership Comments
Vikram Ramasubramanian, Inflection Point Ventures, says “As an emerging economy that’s adopting EVs, India holds immense potential that can be unlocked through innovative, flexible solutions. Where commercial operation of EVs is concerned, fast and efficient charging becomes vital because any delay directly leads to a loss of time and hence revenues. BatteryPool addresses this by providing seamless, pay-as-you-go access to charged batteries, helping riders and businesses be constantly mobile. In addition, the company monetizes batteries through their complete lifecycle, creating multiple revenue streams out of one single asset.”
Ashwin Shankar, Founder, BatteryPool, adds “The sachet model transformed how Indians consumed everything from mobile data to daily essentials, EVs are next. By bringing sachet-style, pay-as-you-go energy to batteries, we’ve made electric mobility affordable and accessible to the masses. As we move forward, we’re focused on strengthening the ecosystem, building battery access, improving the user experience, and supporting the everyday rider as the country transitions to electric mobility.”
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