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Battery Smart, a battery-swapping network for electric two-wheelers and three-wheelers in India, has raised $65 million in a Series B funding round led by LeapFrog Investments. The funding round saw participation from MUFG Bank, Panasonic, Ecosystem Integrity Fund, Blume Ventures, and British International Investment. The funds will be used to scale the company's battery-swapping network and boost EV adoption in India. Battery Smart, backed by Tiger Global, has already completed over 35 million swaps and has more than 45,000 active customers.
New deal alert! @LeapFrogInvest backs @BatterySmartIN in $65M Series B to accelerate battery-swapping solutions in #India. https://t.co/px6dQb6CWj
Battery Smart raises $65M in Series B funding led by LeapFrog Investments! Funds will scale their battery-swapping network and boost EV adoption in India. Over 35M swaps and 45k+ active customers already! @mufgbk_official #BatterySmart #EV #TechNews https://t.co/ULuDurTGOF https://t.co/oCHgkWgusH
New deal alert! @LeapFrogInvest backs @BatterySmart in $65M Series B to accelerate battery-swapping solutions in #India. Battery Smart is India's largest Battery-as-a-Service provider for electric 2Ws & 3Ws: https://t.co/px6dQb6CWj
