BatteryPool, a pioneer in pay-as-you-go EV battery solutions, has secured ₹8 crore in a Pre-Series A round led by Inflection Point Ventures, with additional participation from Indian Angel Network (IAN), Chennai Angels, Keiretsu Forum, and several prominent HNIs.
Currently operating 2000+ batteries across 6 cities, BatteryPool plans to expand its battery fleet 10x over the next 18 months, accelerating nationwide adoption.
At the heart of this growth is BatteryPool’s proprietary hardware and IoT-enabled battery management platform, which powers one of India’s most flexible sachet-style pay-as-you-go energy models. The platform enables riders to pay small daily, weekly, or monthly fees, making EV mobility more affordable and reducing the financial barrier to entry.
The model has already seen strong traction across multiple cities, proving that simple and low-commitment payment options can dramatically widen EV accessibility and adoption.
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.”
BatteryPool was founded in 2020 by Ashwin Shankar, a Stanford-trained Electrical Engineer who brings deep technical experience from his work in building hardware at Schlumberger and NASA. He has also been a founding member of a prominent technology policy think tank, combining engineering expertise with systems-level understanding.
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.”
India has more than 2 million electric two- and three-wheelers on the road requiring easier, more practical ways to manage battery charging. With another 2 million EVs being sold in FY25, again led by two-wheelers and three-wheelers, the need for simple, dependable battery solutions continues to grow rapidly.
