Gurugram-based battery tech startup Battery Sensible has raised $15 million in debtfunding from Mirova, because it appears to be like to scale its operations throughout India.

The funding shall be used to develop Battery Sensible’s battery-as-a-service infrastructure and strengthen its community of partner-led stations throughout key city and semi-urban markets.

Battery Sensible operates a platform that enables EV drivers to swap depleted batteries for totally charged ones inside minutes. The mannequin is designed to scale back downtime, decrease upfront automobile prices, and enhance effectivity, significantly in high-usage sectors reminiscent of last-mile supply and passenger transport.

Since launching its first partner-led station in New Delhi in June 2020, the startup has expanded to greater than 1,600 stations throughout 50 cities. Its battery-swapping course of sometimes takes round two minutes, enabling drivers to stay on the street with minimal disruption.

“This financing marks an vital step for us as we proceed to scale our battery-as-a-service community throughout India. With Mirova’s assist, we purpose to speed up community enlargement and additional our deal with making electrical mobility extra accessible, reasonably priced, and inclusive for drivers throughout the nation,” mentioned Pulkit Khurana, founder and CEO of Battery Sensible.

The enlargement is predicted to enhance entry and operational uptime for gig financial system drivers and fleet operators, as demand for EV adoption continues to rise.

“This transaction marks our third funding in India, thus reflecting continued dedication to supporting high-impact local weather options in rising markets. We’re happy to assist the subsequent part of Battery Sensible’s progress, rooted in a scalable and operationally environment friendly mannequin that addresses each environmental and financial challenges, significantly in last-mile mobility,” mentioned Priyanka Mehrotra, funding director, Mirova Division of Natixis Funding Managers Singapore Restricted.

Battery Sensible has raised round $192 million so far, together with a $65 million Series B round and a $29 million extension. Its traders embody Tiger International, Blume Ventures, and Ecosystem Integrity Fund.

Financially, the startup reported a 52% year-on-year rise in working income to Rs 249 crore in FY25, up from Rs 164 crore in FY24.