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This startup's revenue grew by over 20 times in the last 2 years! But how? So this is Battery Smart, an EV battery startup founded by IIT-Kanpur graduates Pulkit Khurana and Siddharth Sikka. The idea is pretty simple! It takes a lot of time to charge. So why not just swap the EV's battery? Well, that's what these guys did and started their first battery swapping station in June 2020 (right after the start of QCom). How it works? 1) Get their membership. 2) Locate their swapping station. 3) Just enter and swap your battery in under 2 mins. This can save you hours! They received seed funding from Orios Venture Partners in Feb 2021, and from then, they never stopped growing! - By Sep 2021, they opened over 100 swapping centers. - By Mar 2022, they were available in 10+ cities. - By Dec 2023, they had swapped 25M+ batteries. And in June 2024, they raised a massive $65M in Series B round funding at a $340 million valuation. Their FY24 revenue is 164 Cr Rs, growing at 352% CAGR, which is incredible. btw, they are not profitable yet. Their fast growth is the reason why they raised their recent round at a 17 times revenue multiple. Agree?
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This Taiwanese EV scooter brand is revolutionizing transportation! Using an EV vehicle is very beneficial for the world, but it comes with multiple issues as a customer, the number one being battery life! Thus, in 2011, Horace Luke and Matt, two fr
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Odysse Launches SNAP at โน49,999 โ Indiaโs Most Affordable Battery-Swapping EV Scooter Odysse Electric, in partnership with Indofast Energy (a JV of Indian Oil & SUN Mobility), has launched SNAP, a battery-swapping enabled electric scooter priced at
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From India to Africa: SUN Mobility Scales Global Battery Swapping SUN Mobility is set to build Africaโs largest EV battery-swapping network, backed by a $135 million investment led by Vitol. The rollout begins in Kenya and will expand across the co
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Retrofitting existing diesel buses into electric vehicles (EVs) with a battery swapping system is a game-changer in the quest for sustainable urban transport. This innovative approach breathes new life into aging fleets, transforming them from pollut
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Indiaโs 1st Solar EV Charging Station with Second-Life Battery Debuts in Bengaluru BESCOM, in partnership with GIZ India and DULT, has launched Indiaโs first solar-powered EV charging station near Bengaluru Airport, featuring a 100 kWh second-life
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Quick commerce Zepto claimed the number one spot on LinkedIn's 2024 Top Startups list, a data-backed ranking of the 20 emerging companies growing fast, gaining attention and recruiting top talent in India. Whether it's enabling battery-swapping for e
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