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Battery swapping network Battery Smart has continued its growth streak in FY25 with a sharp rise in scale. The Gurugram-based company recorded a 52% increase in its revenue from operations to Rs 249 crore during the fiscal year ending March 2025, according to the company’s financial statements sourced from RoC.
The growth came on the back of expanding adoption of its battery-as-a-service model. Founded in 2019 by Pulkit Khurana and Siddharth Sikka, Battery Smart has scaled to over 1,600 swapping stations across more than 50 cities, facilitating around…
