Electric vehicle (EV) infrastructure startup Battery Smart has firmly established itself as the market leader in India’s EV battery swapping space, commanding a staggering 70% market share. Powering thousands of two- and three-wheelers across the country, Battery Smart’s model is uniquely driven by gig workers—largely those working with quick commerce and e-commerce platforms who rely on uninterrupted, rapid mobility.
Powered by Partnerships: The Key to Growth
A major driver behind Battery Smart’s rapid expansion and impressive 60% revenue growth in FY25 is its strategic partnerships with over 100 original equipment manufacturers (OEMs) and its robust integrations with 10-minute delivery platforms. These partnerships have allowed Battery Smart to create a vast and growing network of swappable battery stations, giving EV users easy access to fully charged batteries within minutes.
The startup’s battery-as-a-service (BaaS) model not only ensures minimum vehicle downtime but also lowers the upfront cost of EV ownership, making it more accessible to gig workers and small-scale logistics players.
Gig Economy at the Heart of the Model
Battery Smart has strategically tapped into the gig economy, offering seamless battery-swapping solutions to delivery partners working with quick commerce players like Blinkit, Zepto, and Dunzo. With India’s gig workforce estimated to grow to 23.5 million by 2030, Battery Smart’s early and aggressive focus on serving this segment is proving to be a winning bet.
By reducing charging wait times and eliminating range anxiety, Battery Smart enables gig workers to complete more deliveries per shift, thus enhancing their earnings while driving EV adoption at the grassroots level.
Advocating for Policy Support and Standardisation
Despite its market leadership and rapid growth, Battery Smart has highlighted a critical need for policy intervention and government support. The company is urging policymakers to promote standardisation of EV batteries, which would further simplify and accelerate the rollout of battery-swapping infrastructure across India.
Battery Smart is also advocating for investment in EV charging and swapping infrastructure, noting that the development of a cohesive and scalable network is essential to meet the rising demand from gig workers, SMEs, and mobility-as-a-service platforms.
Strengthening India’s EV Ecosystem
Battery Smart’s success story is a reflection of the broader momentum in India’s transition to electric mobility. The company’s model has not only made EVs more viable for commercial use but has also contributed to the government’s goal of reducing carbon emissions and promoting sustainable transportation.
With battery swapping emerging as a preferred model for urban logistics and delivery services, Battery Smart is poised to play a pivotal role in shaping India’s EV future.
Conclusion
With 70% market share, a thriving network of 100+ OEM partnerships, and deep integration into the gig-driven quick commerce ecosystem, Battery Smart is leading the battery swapping revolution in India. The company’s call for government-backed standardisation and infrastructure development reflects its commitment to accelerating EV adoption at scale. As demand for flexible, fast, and cost-effective EV solutions rises, Battery Smart stands at the forefront of a cleaner, smarter, and more connected mobility future.
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