The capital will be utilised by the company to add 1 lakh new customers to its network by 2025, and expand its geographic footprint, the company said in a statement.
“With 25,000 active customers across tier 1, 2 and 3 cities, we are keen to reinforce our ESG objectives while supporting India’s pursuit towards net-zero emissions. This investment also signifies our commitment to enhancing the livelihoods of our station partners and drivers, empowering them to play a significant role in India’s transition towards electric mobility,” Battery Smart cofounder and chief executive Pulkit Khurana stated.
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In June 2022, Battery Smart had raised $25 million in Series A funding led by Tiger Global, along with participation from Blume Ventures and Orios Ventures.
