Battery Smart crosses 100 mn EV Battery Swaps, announces ₹10 cr Driver Welfare Fund

Battery Smart becomes India’s first company to cross 100 million EV battery swaps and announces a ₹10 crore EV driver welfare fund for 2026, reinforcing its leadership in electric mobility.

Battery Smart has achieved a landmark milestone in India’s electric mobility journey by becoming the first company in the country to complete 100 million EV battery swaps. The achievement spans electric two- and three-wheelers across its nationwide network, underlining the rapid adoption of battery-swapping solutions in India.

Reaching this milestone in under five years since its inception, Battery Smart’s growth reflects India’s accelerating shift towards clean, affordable, and accessible electric mobility. The company’s success is driven by a tech-led, scalable, and pan-India battery-swapping model, built on strong ecosystem partnerships and a focus on cost efficiency. Today, Battery Smart is estimated to operate nearly 70% of India’s battery swapping infrastructure.

To further strengthen its commitment to the EV ecosystem, Battery Smart also announced a ₹10 crore EV Driver Welfare Fund, to be rolled out in 2026, aimed at supporting the well-being and livelihoods of EV drivers across the country.

To celebrate this achievement and reinforce its commitment to drivers, Battery Smart also launched the Driver Welfare Fund 2026, a ₹10 crore initiative aimed at enhancing the social and economic security of its driver community. The fund will provide insurance and financial protection, referral and reward programs, free swaps, skill development, and community inclusion initiatives, benefiting approximately 1 lakh EV drivers.

Speaking on the milestone, Battery Smart’s Co-founders Pulkit Khurana and Siddharth Sikka said, “Crossing 100 million swaps is a landmark for EV adoption in India, not just for us. It demonstrates the potential of battery swapping to make clean mobility accessible, affordable, and inclusive at scale. Each swap represents a choice, a driver choosing clean mobility over combustion, assurance over anxiety and improved uptime over long waiting hours. This achievement belongs to our community of drivers, battery swap station partners, OEM collaborators, investors, and policymakers who believed that battery swapping could succeed at scale in India.

Looking ahead, the Driver Welfare Fund reinforces our commitment to the community that made this possible. As we continue to grow, we remain focused on strengthening India’s EV mobility backbone, powered by smarter IoT batteries, more efficient station operations, and robust safety systems. This milestone is just the beginning, and together, we are building the future of clean mobility for India.” Sharing his views, Siddharth Sikka, Co-founder, Battery Smart, said.

Battery Smart has also built an inclusive EV ecosystem, with 5,000+ women drivers and 250+ women partners, promoting diverse participation in India’s clean mobility journey. Its technology stack enables predictive maintenance, minimizing downtime for drivers, a critical factor in the gig economy where every hour counts. Leveraging IoT-enabled batteries and real-time monitoring, the company ensures high uptime and a reliable swapping experience nationwide, allowing drivers to swap anytime, anywhere.

Looking ahead, Battery Smart plans to expand to 100 more cities by 2026, deploy thousands of additional swap stations, and scale daily swaps to meet growing demand from commercial EV operators. The roadmap also includes investments in next-generation safety systems and enhanced IoT intelligence, while the company continues collaborating with regulators and industry stakeholders to accelerate India’s clean mobility transition.