BatteryPool Brings Sachetised EV Battery Financing to India’s Commercial EV Market

BatteryPool, a deeptech-fintech platform focused on Electric Vehicle (EV) battery financing, has partnered with financial institutions to introduce a sachetised financing model for the country’s commercial EV segment. The model offers flexible repayment options—including daily, weekly and prepaid 15- or 30-day EMIs,  designed to improve EV affordability for underserved groups such as e-rickshaw drivers, gig workers and fleet owners.

Currently deployed across nine cities in four states, BatteryPool’s battery financing portfolio supports commercial EV drivers primarily in India’s western and central regions. The company reports strong credit performance, with repayment rates exceeding 99 percent and minimal credit losses for its lending partners.

Founded in 2018, the company has developed a proprietary charge-lock technology that integrates payment discipline directly into the battery system. If EMI payments are delayed, the battery cannot be recharged until dues are cleared, with charging access automatically restored upon payment. This hardware-software-AI stack significantly reduces default risk and has attracted growing interest from Non-Banking Financial Companies (NBFCs) seeking to scale EV financing.

BatteryPool is currently working with NBFC partners including AMU Finance and Mufin, which are collectively deploying INR 1–2 crore per month in battery financing through the platform. With additional NBFC commitments in the pipeline, the startup has access to a total deployment capacity exceeding INR 25 crore. Over the next 12 months, It aims to expand its user base from 1,400 to more than 10,000 commercial EV drivers.

The company currently manages over 2,200 batteries and plans to scale this number to 6,000 by March 2026. Its portfolio includes both Battery-as-a-Service rental models and NBFC-financed batteries owned by drivers under flexible EMI plans. After three to four years of usage, batteries are bought back by the firm at a pre-determined price and refurbished for stationary energy storage or recycled, ensuring long-term asset value.

Looking ahead, BatteryPool plans to deepen integrations with EV OEMs, fleet operators and digital lending platforms to progress towards making sachetised battery financing the default choice for commercial EV buyers in India.