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Battery Smart, India’s leading battery-swapping network for electric two- and three-wheelers, has been named in the prestigious APAC Cleantech 25 list for 2025. This recognition highlights top companies across the Asia-Pacific region that are developing scalable, sustainable technologies in areas such as energy efficiency, battery innovation, and circular economy solutions.
The selection process involved a comprehensive evaluation based on innovation, market scalability, strategic partnerships, and investment momentum. Battery Smart is one of only two Indian companies featured in this year’s list.
Founded in 2019 by IIT-Kanpur alumni Pulkit Khurana and Siddharth Sikka, Battery Smart was created to tackle barriers to electric vehicle (EV) adoption in India. The company introduced a battery-swapping model aimed at minimizing the high upfront costs of EV ownership by eliminating the need to purchase batteries, thereby making electric mobility more affordable and accessible—particularly for cost-sensitive users.
The company observed widespread usage of lead-acid batteries among electric rickshaws in India, which led to frequent replacements and long charging downtimes. Battery Smart addressed this by launching a subscription-based battery-swapping network, allowing drivers to instantly swap discharged batteries for fully charged ones, significantly reducing downtime and increasing operational efficiency.
Battery Smart reports that its business model has had a strong socio-economic impact. Since its inception, the company claims to have enabled over ₹750 crores in additional earnings for drivers and approximately ₹175 crores in incremental revenue for small business partners who host its battery-swapping stations. Notably, the company also highlights a significant representation of female drivers within its network.
Using a partner-led expansion model, Battery Smart has successfully scaled operations across Tier 1, 2, and 3 cities by collaborating with local businesses to establish swapping points. The company currently facilitates more than 100,000 battery swaps daily.
On the environmental front, Battery Smart states it has completed over 68 million battery swaps since June 2020, helping to reduce more than 325,000 tonnes of CO₂ emissions while enabling more than 2.27 billion electric kilometers. These efforts align with India’s broader goals of reducing dependence on fossil fuels and achieving net-zero emissions by 2070.
