Battery Smart IPO

Latest update · 19 Oct 2026

Battery Smart Secures ₹98 Crore in Series C Extension as Valuation Nears ₹4,170 Crore

Battery Smart secures ₹98 crore in a Series C funding extension from Ecosystem Integrity Fund, pushing its valuation to ₹4,170 crore alongside FY26 financials.

• Battery Smart secured an additional ₹98 crore in a Series C funding extension led by Ecosystem Integrity Fund.
• The latest tranche involved the issuance of 18,000 CCPS at ₹54,407 per share, establishing a post-money valuation of ₹4,170 crore.
• Total 2026 funding absorption reached nearly $52 million, bringing cumulative historical fundraising to over $221 million.
• Operational revenue for FY26 reached ₹358 crore, up 43.8% from ₹249 crore in FY25.
• Net losses narrowed by 12.8% to ₹23.55 crore, pointing toward improving operational leverage.
• Capital proceeds will fund physical infrastructure expansion, capital expenditures, and working capital requirements.