BatteryPool, an Indian EV startup, secures INR 8 Cr Pre-Series A funding led by IPV, managing over 2,000 batteries across six cities and planning tenfold fleet expansion nationwide.
January 14, 2026. By EI News Network
BatteryPool, an Indian EV startup enabling sachet-style, pay-as-you-go access to batteries, has raised INR 8 crore in a Pre-Series A round led by Inflection Point Ventures (IPV). The round also included participation from Indian Angel Network (IAN), Chennai Angels, Keiretsu Forum, and notable HNIs.
Currently managing over 2,000 batteries across six cities, BatteryPool plans to expand its fleet tenfold over the next 18 months, strengthening its nationwide presence.
BatteryPool’s proprietary hardware and IoT-connected battery management system powers India’s first flexible, pay-as-you-go energy platform for EVs. By allowing riders to pay in small daily, weekly, or monthly amounts, the startup is making electric mobility more accessible, with strong adoption already visible in multiple cities.
Vikram Ramasubramanian, Inflection Point Ventures, said,”India’s EV ecosystem holds massive potential, but efficient battery access is critical for commercial operations. BatteryPool enables seamless pay-as-you-go battery access, helping riders stay mobile while monetizing batteries across their lifecycle.”
Founded in 2020 by Ashwin Shankar, a Stanford-trained engineer with experience at Schlumberger and NASA, BatteryPool combines hardware expertise with systems-level thinking.
Ashwin Shankar, Founder, BatteryPool, added, “The sachet model revolutionized how Indians consumed mobile data and daily essentials, electric mobility is next. By enabling pay-as-you-go battery access, we are making EVs affordable and building a stronger ecosystem for riders.”
With over 2 million electric two- and three-wheelers already on Indian roads, and another 2 million expected in FY25, the demand for reliable, flexible battery solutions continues to surge.
