BatteryPool Raises INR 8 Crore in Pre-Series A Round Led by IPV
BatteryPool has raised INR 8 crore in a Pre-Series A round led by Inflection Point Ventures, with participation from IAN, Chennai Angels, Keiretsu Forum, and prominent HNIs. The funding will enable the company to scale its battery fleet tenfold over the next 18 months and expand its nationwide presence.
November 27, 2025. By News Bureau
BatteryPool’s core strength lies in its proprietary hardware and IoT-connected battery management system, which powers one of India’s most flexible sachet-style, pay-as-you-go energy platforms for EVs. By introducing the country’s first model that allows riders to pay in small daily/weekly/or monthly amounts, BatteryPool has made EV usage far more accessible. This approach has already shown strong adoption across multiple cities, proving that simple, low-commitment payments can open the door for a much wider base of EV users.
Vikram Ramasubramanian, Partner and Chief Investment Officer, 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 monetises batteries through their complete lifecycle, creating multiple revenue streams out of one single asset.”
BatteryPool was founded in 2020 by Ashwin Shankar, a Stanford-trained Electrical Engineer who brings deep technical experience from his work in building hardware at Schlumberger and NASA. He has also been a founding member of a prominent technology policy think tank, combining engineering expertise with systems-level understanding.
Ashwin Shankar, Founder, BatteryPool, added, “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.”
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