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New Deal


Announced

Completed

Tiger Global Management led a $33m round in Battery Smart.

Financials

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Transaction Value£25m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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battery project

India

Renewable Energy Equipment

Acquisition

Private

Private Equity

Venture Capital

Cross Border

Minority

Completed

Friendly

Single Bidder

Synopsis

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Tiger Global Management, an American investment firm, led a $33m round in Battery Smart, a battery swapping solutions provider. "Tiger Global and Blume Ventures have really witnessed our growth from around 1k customers to around 25k customers now. We are also excited to work with EIF and BII now, as both of them bring strong vision around ESG goals and very strong passion around sustainability, which we share as a company,” Pulkit Khurana, Co-Founder and CEO.

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