Battery monetization platform BatteryPool raises Rs 8 crore; CEO says, 'We’ve made electric mobility affordable'

BatteryPool, a startup enabling pay-as-you-go EV battery access, has raised Rs 8 crore in a pre-Series A funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm.

The round also saw participation from Indian Angel Network (IAN), Chennai Angels, Keiretsu Forum, and notable HNIs. 

The startup will use the raised capital to scale its battery fleet 10x over the next 18 months, strengthening its nationwide footprint. As of now, it manages over 2000 batteries across 6 cities.

Founded in 2020 by Ashwin Shankar, a Stanford-trained Electrical Engineer, BatteryPool is a battery monetization platform operating in India’s electric mobility sector. The startup offers sachet-style, pay-as-you-go EV energy through proprietary charging hardware and AI-assisted battery management, making EV adoption more affordable and flexible.

“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,” said Ashwin Shankar.

Vikram Ramasubramanian, Inflection Point Ventures, said, “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.”