Battery Smart Partners With Park+ For Setting Up Battery Swapping Infrastructure

Battery Smart Partners With Park+ For Setting Up Battery Swapping Infrastructure

Battery Smart, a company that swaps batteries for electric two-wheelers and electric three-wheelers, has announced a partnership with Park+, an app designed for car owners. The companies will offer smart parking solutions, car maintenance and health, loans, car loans, FASTag and traffic challans, as well as other services related to cars.

According to the company, “Battery Smart’s users will be able to access its swap stations in Park+ powered buildings in 25 cities before the end of 2025 through this partnership.”

Battery Smart has successfully completed over 3 million battery swaps with more than 5500 vehicles registered and 250 working swap stations in the country. Its partnership-led model has allowed it to offer its services to more EV users across India.

Tiger Global led a Series A round of funding for the company, which was valued at $25 million. The company will use these funds to expand into new areas and strengthening its Battery Assignment Technology.

Battery Smart users will be able to take advantage of Park+’s strong network of solutions in shopping malls, corporate parks, residential apartments, and at highway hotels and restaurants.

ALSO READ  Ramkrishna Forgings Plans To Expand Its EV Portfolio; To Acquire Up To 51% Voting Rights In TSUYO Manufacturing

Siddharth Sikka, the co-founder of Battery Smart, said, “This partnership comes at an opportune time as we forge ahead on our journey to make the adoption of electric mobility simple, economical, and accessible. With our data-driven technology and Park+’s extensive infrastructure across 35+ malls, 250+ offices, and 2,500+ residential societies, we look forward to providing our customers easy access to swap stations within a 1 km radius with zero wait time.” 

Amit Lakhotia, founder & CEO, Park+ added, “Park+ has been making conscious efforts to partner with and enable promising EV players to offer innovative solutions. As part of this strategy, we are excited to collaborate with Battery Smart to build and strengthen India’s battery swapping infrastructure.”

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.