Funding
Debt financing · Mobility

Battery Smart secures $15 million debt facility from Mirova

The financing supports expansion of the Indian battery-swapping network.

By RoundOS Funding desk

Battery Smart secured $15 million in debt financing from Mirova, the investor announced on April 28, 2026. TSW Capital Services advised the company on the transaction.

The financing came as Battery Smart’s network passed 1,600 partner-led stations across 50 cities. Extending that footprint into urban and semi-urban markets would bring more locations within reach of drivers making frequent commercial journeys.

Use of funds

Expand battery-as-a-service infrastructure and partner-led stations across India

Funding history

Debt financing · This round$15M
Pre-Series C~₹660M

Sources

  1. Battery Smart secures USD15m debt from Mirovamirova.com · Apr 28, 2026

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