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Battery Smart, the Gurugram-based battery swapping solutions provider, has raised Rs 75 crore from Venture debt fund Stride Ventures.
The company said it will use the money to add more batteries to its network and expand its services to new cities. "We are excited that Stride Ventures will be a part of the endeavor to further strengthen our EV battery-swapping network in India. By expanding our footprint across more cities and deploying additional batteries to our network, we aim to reach even more EV users nationwide," said Pulkit Khurana, co-founder, Battery Smart.
Stride Ventures has invested in some 100 companies,
