EV Battery Network Battery Smart Secures $65 Million In Series B Funding
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Electric two-and three-wheeler battery swapping network operator Battery Smart said on Monday that it has entered into a partnership with e-grocery and quick commerce service platform Zepto as part of which it will provide delivery partners access to over 1,000 battery-swapping facilities. The
Happy Friday! As quick commerce platforms diversify, they are likely to face operational challenges. More on this in todays ETtech Morning Dispatch.
Acacia Inclusion is a new investor in Battery Smart, as are MUFG Bank and PC-SBI Kurashi Fund. Returning investors are Blume Ventures, British International Investment and Ecosystem Integrity Fund, who have increased their investment, documents filed by the firm with the Registrar of Companies showed.
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