Battery Smart’s extended Series B round pushes valuation to $450 Mn

The battery-swapping startup, Battery Smart, has seen its valuation surge to $450 million following an extended Series B funding round. The company has successfully raised additional capital from its investors, which reflects their strong confidence in the company's growth and its leadership position in the battery-swapping market for electric two and three-wheelers. The extended funding round and the significant jump in valuation are a testament to the company's rapid expansion of its network of battery-swapping stations and its growing customer base. The fresh capital will be used by Battery Smart to further densify its network in existing cities, to expand to new locations, and to invest in its technology platform, thereby solidifying its position as a key player in the EV ecosystem in India.