Battery Smart partners with Park+, to strengthen India’s battery swapping infrastructure

Aim to service over 1 million customers, across 25 cities by 2025.

Aug 04, 2022 No Comments Cars Like


NEW DELHI :

Battery Smart, India’s largest and fastest growing battery swapping network for electric vehicles, today announced its partnership with Park+, a super app for car owners, striving to enhance the car ownership experience for its customers by making it hassle free by providing- smart parking solutions, car health & maintenance services, car insurance, loans, FASTag, PUCC, traffic challans and more. 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. 

With 5500+ registered vehicles, 250+ live Swap Stations, and 3 million battery swaps completed, Battery Smart is rapidly scaling operations and growing exponentially. Its unique partner-led model has enabled it to bring its offerings to more EV users pan-India. The company recently closed a $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. 

Siddharth Sikka, Co-Founder of Battery Smart, said, "We are thrilled to partner with Park+ to expand our robust battery swapping network and reach a million users across the country. 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 a 1 km radius with zero wait time.” 

"Park+ has been making conscious efforts to partner with & 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. EVs are the future of the automotive ecosystem, and we at Park+ are committed to playing a pivotal role in expediting this EV revolution in India. This partnership will allow Battery Smart users to capitalize on Park+’s robust network of solutions present in corporate parks, shopping malls, residential apartments, as well as at hotels, and restaurants on the highways. We will continue to identify and partner with businesses that allow us to achieve customer delight for car owners across India,” said Amit Lakhotia, Founder & CEO, Park+. 

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.  

 


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