EV startup Battery Smart raises $65mn in Series B funding led by LeapFrog Investments to expand battery-swapping network in India.

Electric vehicle (EV) startup Battery Smart has raised $65mn in a Series B funding round led by LeapFrog Investments. The startup will use the funds to expand its dense battery-swapping network across India and drive more electric mobility adoption. Battery Smart has already established 1,000 battery-swapping stations across 30 cities, completing 35 million swaps and serving over 45,000 active customers.