This insight led to the birth of BatteryPool , a startup designed to solve India’s most pressing EV challenge through a simple yet powerful pay-as-you-go battery access model.
Recently, BatteryPool secured ₹8 crore in fresh funding led by Indian Angel Network’s flagship platform, IPV , marking a new milestone in its mission to power India’s electric revolution.
Founded in 2020 by Ashwin Shankar , BatteryPool began at a time when India was battling lockdowns and uncertainty.
But Ashwin was focused on a bigger question:
“EV toh chal jayega… par battery kaise chalegi?”
Instead of chasing the EV hype, he studied the core problem—slow charging, range anxiety, and frustration among fleet drivers who couldn’t afford expensive battery ownership.
He envisioned a solution where EV drivers could:
Access batteries on a subscription
Swap instantly
Reduce downtime
Avoid the high cost of buying a battery up front
Thus came the idea of a smart, pay-as-you-go battery swapping and access platform —a model built specifically for India’s fleet-driven EV ecosystem.
BatteryPool’s mission was clear:
Make electric mobility accessible, affordable, and efficient for India’s delivery workforce, fleet operators, and last-mile businesses.
The startup created an ecosystem where:
Drivers don’t own batteries,
Swaps happen in minutes.
Fleets operate with zero downtime.
And EV adoption accelerates naturally.
This approach helped BatteryPool stand out in a crowded EV space.
Success didn’t come overnight.
In the early days:
Multiple investors said “India is not ready.”
Several startup pitches ended in rejections.
Tech partners were hesitant to collaborate.
Building early prototypes required personal savings.
Convincing fleet owners was a continuous uphill task.
But Ashwin continued meeting drivers, understanding their pain, and testing systems late into the night.
This persistence became BatteryPool’s defining strength.
From one swapping point, BatteryPool expanded to multiple cities, serving growing EV fleets and empowering delivery riders with:
Faster turnaround time
Better earning opportunities
Reliable battery access
Lower operational costs
Today, BatteryPool has positioned itself as a trusted infrastructure partner for last-mile EV businesses.
BatteryPool recently raised ₹8 crore in a round led by IPV , which will help the company:
Expand its swapping infrastructure
Strengthen battery management systems
Partner with more fleet operators
Scale across new geographies
Invest in hardware + software innovation
This fundraise validates BatteryPool’s model and its potential to become a backbone of India’s EV transition.
A deep understanding of fleet problems
A model made specifically for India
Technically strong swap & battery management systems
Affordable pay-as-you-go pricing
Strong focus on reliability and uptime
BatteryPool isn’t just giving batteries.
It is giving freedom , time , and earning power to thousands of riders.
The founder behind BatteryPool, Ashwin Shankar, is an engineer-turned-entrepreneur who believed that India’s EV journey needs its own solutions—built for local challenges.
His persistence, resilience, and problem-first thinking helped BatteryPool evolve from a small experimental project to a scalable EV infrastructure startup.
BatteryPool’s success is a reminder that India’s most impactful startups don’t always begin with glamour—they begin with problems worth solving .
From dozens of rejections to raising ₹8 crore, BatteryPool has shown how a founder’s conviction can ignite an entire industry.
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