Battery Smart opens its 1000th EV battery swap station

Hyderabad: Battery Smart, a fastest growing battery swapping network for electric two and three-wheelers, has inaugurated its 1000th swap station in New Delhi. This is the first company in India to achieve this milestone. The station was inaugurated by Sudhendu Sinha - Advisor (Infrastructure Connectivity & Electric Mobility), NITI Aayog, Govt of India. This achievement solidifies Battery Smart’s position as a trailblazer in India’s electric mobility industry, reaffirming its commitment to building the densest network of swap stations and ensuring EV users are within a 1 km radius of a station, with zero wait time.

Since the launch of the comapny’s first swap station in Janakpuri, New Delhi, in June 2020, the company has rapidly scaled to 1000 stations across 30 cities, completing over 35 million swaps. Expanding its footprint nationwide, it has strategically set up stations in Tier 1, 2, and 3 cities across Haryana, NCR (National Capital Region), Karnataka, Rajasthan, Telangana, Uttar Pradesh, and most recently, Maharasthra.

Siddharth Sikka, Co-Founder of the company, said, “We’re very proud to establish our 1000th swap station, a significant milestone in our mission to make electric mobility accessible and affordable for all. Committed to helping India achieve net zero emissions by 2070, we appreciate the Government’s sustained support towards the EV industry, which has been instrumental in our growth. Addressing the GST disparity on lithium-ion batteries sold separately will further accelerate EV adoption by making it more affordable, thus benefiting commercial EV drivers - the backbone of India’s last-mile mobility sector.”

With 45,000 customers, Battery Smart is a key player in the Indian two and three-wheeler EV market. Its battery-as-a-service solution enables two-minute battery swaps that empower EV drivers to save time, cover greater distances, and reduce their upfront costs by up to 40%. The company has been at the forefront of the battery swapping movement; its asset-light approach enables it to partner with Indian SMBs and leverage their existing infrastructure to set up swap stations at a rapid pace, while also improving the livelihoods of local business owners.

The company’s journey to 1000 stations marks a significant feat for India’s EV industry as it validates the increasing acceptance of battery swapping as an innovative clean-tech solution for convenience, efficiency, and value creation - particularly for India’s growing two- and three-wheeler population.