Battery Smart outlines its national vision

The company recently completed a million battery swaps and is now planning to expand to cities in north India and targete-commerce and state governments.

- Sricharan R

Battery Smart's co-founders Pulkit Khurana and Siddharth Sikka are targeting the $17 billion swapping market in India by 2025.

The Indian market has seen a growth in electric vehicle sales over the last year as the adoption of EVs spreads further thanks to the incentives offered by state governments, so having a supporting infrastructure is a must. To promote wider usage, the swapping of batteries can play a key role.

This is where Battery Smart, a swapping network for electric two-and three-wheelers recently announced that it had completed a milestone of one million paid swaps. While the first million took around two years, the company expects the second million to come much faster. Talking to Autocar Professional, Battery Smart co-founder, Pulkit Khurana, said, "We are doing around 11,000 swaps every day and the we expect the next million to come within the next two months."

Khurana is quick to add that rather than the numbers, the company is " more concentrated on the coverage and customers". He says that the swapping numbers will enable the company demonstrate both scale and experience. The target, he says, is one million swaps every day.

Co-founded by Khurana and Siddharth Sikka, both IIT Kanpur graduates, Battery Smart is targeting a $17 billion swapping market in India by 2025. Operationalized in June 2020, the company is on a mission to make the adoption of electric mobility simple, economical, and accessible. In February 2021, Battery Smart announced its seed-round, led by Orios Venture Partners and in November 2021, it raised $ 7 million in a pre-Series A round, led by Blume Ventures and Orios Ventures.