Battery Smart raises $65 Mn in Series B round

Battery Smart secured $65 million in Series B funding led by LeapFrog Investments, with participation from MUFG Bank, Panasonic, and others. The startup, valued around $340 million, will expand its battery-swapping network. It operates 1,000 stations across 30 cities, serving 45,000 customers. The company partnered with Zepto to deploy 1,000 EVs. Revenue grew seven-fold to Rs 55.8 crore, while losses increased to Rs 64.51 crore. Tiger Global holds a 23% stake.

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https://entrackr.com/2024/06/battery-smart-raises-65-mn-in-series-b-round/
Battery Smart raises $65 Mn in Series B round Battery Smart secured $65 million in Series B funding led by LeapFrog Investments, with participation from MUFG Bank, Panasonic, and others. The startup, valued around $340 million, will expand its battery-swapping network. It operates 1,000 stations across 30 cities, serving 45,000 customers. The company partnered with Zepto to deploy 1,000 EVs. Revenue grew seven-fold to Rs 55.8 crore, while losses increased to Rs 64.51 crore. Tiger Global holds a 23% stake. #Entrackr #Fintrackr #News #Startup #StartupNews #BatterySmart #Funding #LeapFrogInvestments #FundingNews #BatteryTechnology #RenewableEnergy https://entrackr.com/2024/06/battery-smart-raises-65-mn-in-series-b-round/