Transforming EV access, BatteryPool’s sachet-style battery model gains fresh funding to rapidly scale its nationwide fleet and make electric mobility cheaper, simpler and widely accessible.
BatteryPool has raised ₹80 million in a Pre-Series A round led by Inflection Point Ventures (IPV), to scale sachet-style, pay-as-you-go battery access for electric vehicles (EVs) across India. Indian Angel Network, Chennai Angels, Keiretsu Forum and several high-net-worth investors also joined the round.
The Pune-based startup plans to expand its existing fleet of more than 2,000 batteries across six cities tenfold over the next 18 months. The new capital will support this scale-up and help the company deepen its nationwide presence.
BatteryPool has built a proprietary hardware platform and an IoT-enabled battery management system that allows EV users to pay for energy in small, flexible instalments. This sachet-style model, inspired by India’s long-established micro-payment culture, removes the large upfront cost of battery ownership. It enables riders and businesses to access charged batteries daily, weekly or monthly, improving affordability and utilisation.
IPV said India’s rapidly growing EV market needs efficient charging and battery-access solutions to avoid operational downtime. The firm noted that BatteryPool’s approach allows batteries to generate revenue throughout their lifecycle, creating predictable returns from a single asset.
IPV has invested more than ₹8 billion in over 250 startups so far.
BatteryPool was founded in 2020 by Ashwin Shankar, a Stanford-trained electrical engineer with experience at Schlumberger and NASA. Shankar said the aim is to make EV mobility as accessible as mobile data once sachet pricing becomes available.
“As we move forward, we are focused on strengthening the ecosystem, building battery access, improving the user experience, and supporting the everyday rider as the country transitions to electric mobility,” he said.
