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Battery Smart targets Sep-Oct 2026 IPO filing, with 70-80% annual growth ambition
Battery Smart plans to file IPO draft papers with Sebi in September or October 2026 after reaching FY26 operational break-even. The EV battery-swapping network targets 70-80% annual growth through city expansion and deeper penetration in existing markets.
Newer report , , Entrackr : Battery Smart raises $19.5M Series C at $430M valuation
Reported figures
From the report. Source details below
| India battery-swapping market projected to grow from $48.13 million in 2025 to $517.92 million by | 2034 |
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Also in the report
- Over 3 lakh lithium-ion batteries
- More than 1,500 swapping stations across 75+ cities
- Nearly 1 lakh commercial EV drivers served
- FY25 operating revenue rose 52% to about Rs 250 crore from Rs 164 crore in FY24
- About $192 million (over Rs 1,600 crore) raised
The source
First seen