Tiger Global led a $25m Series A funding round in Battery Smart.

Tiger Global, a private equity firm, led a $25m Series A funding round in Battery Smart, an EV battery swapping network, with participation from Catalyst Trusteeship, Blume Ventures and Orios Ventures. With fresh capital, Battery Smart is planning to enter new territories, strengthen its Battery Assignment Technology, and ramp up hiring to continue scaling operations. "Battery swapping has incredible potential to fast-track the country’s EV adoption, as it solves major deterrents like range anxiety, high up-front costs, and long-charging downtimes. With this investment, we are focused on bringing our offerings to even more EV users pan-India, by increasing the number of Swap Stations and continuing to partner with OEMs and fleet operators," Pulkit Khurana, Battery Smart Co-Founder.