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Battery Smart bags $33 mn from Tiger Global, Blume, two others
Mint Mumbai
|July 07, 2023
Battery swapping network platform for electric two and three-wheelers Battery Smart has raised $33 million (about ₹273 crore) in a pre - Series B funding round from existing and new investors.
Existing investors Tiger Global and Blume Ventures participated in the round, while The Ecosystem Integrity Fund (EIF) and British International Investment (BII) joined as new backers.
Battery Smart plans to use the fresh capital to onboard 100,000 customers as it expands its network across India, the company said in a release on Thursday.
"With 25,000 active customers across tier 1, 2 and 3 cities, we are keen to reinforce our ESG (environmental, social, and governance) objectives while supporting India's pursuit towards net zero emissions," said Pulkit Khurana, co-founder and chief executive at Battery Smart.
This story is from the July 07, 2023 edition of Mint Mumbai.
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