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Startup Atlas · Battery Swapping

Battery Smart

UPGRID Solutions Private Limited New Delhi, Delhi Founded 2019 batterysmart.in ↗
Pulkit Khurana · Co-founder & CEO Siddharth Sikka · Co-founder
$219.14 MnTotal funding (tracked)
11Funding rounds
28 Apr 2026Last round

Battery Smart: Business Model Canvas

The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.

Value Propositions

2-Minute Battery Swaps

Depleted batteries are exchanged for fully charged ones in about two minutes, eliminating charging downtime.

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Lower Upfront EV Cost ("Buy EV, Not Battery")

By decoupling the battery from the vehicle, drivers buy an EV without the battery, cutting upfront ownership cost.

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Zero Battery Ownership & Maintenance Cost

Battery Smart owns, maintains and upgrades the Li-Ion battery fleet so drivers don't have to.

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Increased Driver Earnings

Removing charging downtime lets drivers spend more time on the road and earn more.

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Customer Segments

Individual EV Drivers

Drivers of electric two- and three-wheelers who swap depleted batteries instead of owning/charging one.

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Fleet Operators & Last-Mile Delivery Platforms

Commercial EV fleets in delivery, transportation and logistics that bulk-onboard vehicles onto the network.

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Station Partners ("Smartpreneurs")

Local business owners who host and operate partner-led swap stations across tier-1, tier-2 and tier-3 cities.

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Customer Relationships

24x7 Partner Support Centre

A dedicated round-the-clock support centre helps station partners run their swap stations.

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Real-Time Driver Support

Drivers get on-demand help and guidance through the driver app.

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Channels

Partner-Led Battery Swap Station Network

A physical network of battery-swap stations run by local station partners, spanning 45+ cities.

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Key Activities

No cited public information yet.

Key Resources

Proprietary Li-Ion Battery Fleet

A fleet of advanced Li-Ion swap batteries deployed across partner stations.

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Key Partnerships

Food Delivery & Quick-Commerce Platforms (Zomato, Zepto)

Delivery platforms partner with Battery Smart to move their EV delivery riders onto the swap network.

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Revenue Streams

Pay-Per-Swap Subscription

Drivers and fleets pay per battery swap to access the charged-battery network.

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Cost Structure

No cited public information yet.

FAQs on Battery Smart

What is Battery Smart's business model?

Battery Smart's core value proposition centers on 2-Minute Battery Swaps, Lower Upfront EV Cost ("Buy EV, Not Battery"), Zero Battery Ownership & Maintenance Cost, Increased Driver Earnings.

How does Battery Smart make money?

Battery Smart's cited revenue streams include Pay-Per-Swap Subscription.

Sources & corrections. Every fact on this page is compiled from cited public sources — follow the “source” links beside each entry. Profile sources: www.batterysmart.in · Last verified 19 Jul 2026. · Report a correction