New Delhi: Battery swapping network providing company, Battery Smart, on Thursday, entered into a partnership with Park+, a super app for car owners to further strengthen the battery swapping infrastructure in India.
Through this partnership, Battery Smart’s users will have access to its Swap Stations set up across Park+ powered real estate in 25 cities by the end of 2025.
Siddharth Sikka, co-founder, Battery Smart, said, “This partnership comes at an opportune time as we forge ahead on our journey to make the adoption of electric mobility simple, economical, and accessible. With our data-driven technology and Park+’s extensive infrastructure across 35+ malls, 250+ offices, and 2,500+ residential societies, we look forward to providing our customers easy access to Swap Stations within 1 km radius with zero wait time.”
Battery Smart has also recently closed a USD 25 million Series A round led by Tiger Global and will utilize the funds to expand to new territories and strengthen its Battery Assignment Technology.
Park+ has also been making conscious efforts to partner with and enable promising EV players to offer innovative solutions. As part of this strategy, we are excited to collaborate with Battery Smart to build & strengthen India’s battery swapping infrastructure.
“We will continue to identify and partner with businesses that allow us to achieve customer delight for car owners across India,” Amit Lakhotia, founder and CEO, Park+, said.
With battery swapping infrastructure and EV financing continuing to gain traction and the EV industry expected to grow at a CAGR of 36%, India is on its way to achieving its goal of net zero carbon emissions by 2070.