🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

Back

Havish Gupta

Figuring Out • 5m

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?

11 replies32 likes
13
Replies (11)

More like this

Recommendations from Medial

Image Description
Image Description

Havish Gupta

Figuring Out • 4m

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

See More
14 replies15 likes
5
Image Description
Image Description

Havish Gupta

Figuring Out • 10m

Brilliant Ideas That Didn't Work Out Why not swap your electric car's battery instead of charging it? Well, That's what a 2007 American startup called "Better Place" did! In electric cars, batteries are fixed and can't be removed. So, Better Plac

See More
5 replies17 likes

BHARAT EV

Hey I am on Medial • 6m

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

See More
0 replies6 likes

Mahendra Lochhab

Content creator • 1m

The India pottery ceramics market generated a revenue of USD 364.8 million in 2021 and is expected to reach USD 564.6 million by 2030.

0 replies3 likes

Mohammed Zaid

Building-HatchUp.ai • 6m

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

See More
0 replies5 likes
Image Description
Image Description

Mridul Das

Introvert! • 24d

This is big news for fintech . SmallcaseHQ, the Bengaluru-based startup founded by Vasanth Kamath, Anugrah Shrivastava, and Rohan Gupta in 2015, has raised $50M in Series D led by Elev8 Venture Partners! Their valuation is not disclosed but they val

See More
3 replies7 likes
2
Image Description
Image Description

Mridul Das

Introvert! • 2m

Here everything you must know about a star🚀 Bangalore based startup Lucidity, 👉 they claim to be the world’s only multi-cloud storage management platform, and recently they have raised $21💵 million in a Series A funding round led by WestBridge C

See More
5 replies14 likes
3
Image Description

Asifur Borbhuyan

🗿 • 10m

Bengaluru-based revenue automation startup MeetRecord has raised $2.7 million in a pre-series A funding round. The round was led by the Singapore-based venture capital fund SWC Global, with significant participation from existing investor All In Ca

See More
2 replies5 likes
Image Description

VCGuy

Believe me, it’s not... • 2m

Peak XV will likely make a 11x return from Unilever's acquisition of Minimalist for ₹2,955 Cr. They hold a 27.43% stake in Minimalist, valued at ₹ 810 Cr. Starting with a ₹14.25 crore seed cheque in 2019, followed by a ₹60 crore infusion during t

See More
1 replies11 likes
1
Image Description
Image Description

Havish Gupta

Figuring Out • 1m

How Zeekr is Becoming a Tough Competitor to Tesla So, Zeekr was founded in March 2021 as a premium electric mobility brand for battery-powered vehicles by Geely Motors (parent company of Volvo). Its first model, the Zeekr 001, was officially launch

See More
4 replies19 likes
1

Download the medial app to read full posts, comements and news.