Pulkit Khurana and Siddharth Sikka, both IIT Kanpur alumni, noticed a clear problem holding back the growth of electric vehicles (EVs) in India: long charging times, high costs, and limited infrastructure.

Determined to tackle these challenges, they decided to leverage their engineering backgrounds to bring a new idea to the table.

And that’s what led them to found Battery Smart, driven by a simple goal: to make EVs easier to use and more affordable. They came up with a practical solution — fast battery swapping to enhance accessibility and sustainability.

“Although manufacturing chargers and vehicles is an exciting field, we chose to focus on addressing key challenges such as range anxiety, charging downtime, and high costs,” shares Pulkit.

Their technology allows users to swap batteries in under two minutes, minimising wait times and boosting EV efficiency. It particularly helps those in the commercial segment, like delivery and logistics.

By enabling battery swaps, Battery Smart reduces the upfront costs of EVs by up to 40%, making electric vehicles more accessible to the masses.

With every swap, the startup contributes to reducing carbon emissions, supporting India's shift towards a more sustainable future.

Battery Smart prioritises safety with real-time battery monitoring through its Battery Management System (BMS). All station partners receive comprehensive training, ensuring safe handling and emergency readiness.

Using a unique partner-led model, Battery Smart collaborates with small businesses and local shops to turn them into battery-swapping stations, enabling rapid expansion without major infrastructure costs.

Battery Smart’s interoperable batteries are compatible with over 200 vehicle models. They achieve 1 lakh swaps daily and operate more than 1,200 stations across 35 cities.

The startup has recorded impressive growth, achieving a revenue of Rs 63.5 crore in FY23, reflecting the increasing adoption of its battery-swapping solutions across India.

Battery Smart plans to expand its network across India, supporting the Government’s 2030 target of 30% fleet electrification and driving the EV transition with every new swap.