Pune-based battery-as-a-service company BatteryPool has raised ₹80 million (~$895,957) in a pre-series A round led by Inflection Point Ventures. Indian Angel Network, Chennai Angels, and Keiretsu Forum also participated in this round, along with high-net-worth individuals.

BatteryPool said it will utilize the funding to scale its battery fleet by 10 times over the next 18 months to strengthen its nationwide footprint.

Ashwin Shankar, Founder at BatteryPool, said the company is focused on strengthening its product ecosystem, building battery access, improving the user experience, and supporting the everyday EV rider.

BatteryPool offers pay-as-you-go EV battery access, allowing riders to pay in small daily, weekly, or monthly installments. The company said it manages over 2,000 batteries in six cities.

Vikram Ramasubramanian, Partner and Chief Investment Officer at Inflection Point Ventures, said, fast and efficient charging is 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.

EV sales in India reached 560,637 units in the third quarter (Q3) of 2025, an over 12.5% year-over-year increase from 497,974 units. EVs accounted for 8% of the overall automobile sales, which totaled 5,796,216 units in Q3, according to data released by the Ministry of Road Transport and Highways through its Vahan Dashboard.

In August this year, the Ministry of Heavy Industries modified incentives for electric three-wheelers under the PM Electric Drive Revolution in Innovative Vehicle Enhancement program.

The incentives have been modified for two segments. For the first segment (registered e-rickshaws and e-carts), the Ministry reduced the incentives to ₹2,500 (~$28.56)/kWh, capped at ₹12,500 (~$142.79) per vehicle for the financial year (FY) 2026, from ₹5,000 (~$57.12)/kWh, capped at ₹25,000 (~$285.59) per vehicle for FY 2025. The maximum number of such vehicles supported under the program remains at 39,034.