IIT graduates, renowned for their brilliance, have made significant contributions to the technology industry. IIT Madras graduates Pulkit Khurana and Siddharth Sikka, featured in the prestigious 40 under 40 list of emerging entrepreneurs, exemplify this exceptional talent. They founded Battery Smart, an electric vehicle battery-swapping company established in 2019. Based in Gurugram, Battery Smart currently operates an extensive network of 1,000 swapping stations across 28 cities, facilitating 55,000 battery swaps daily. Reflecting on their entrepreneurial journey, Khurana and Sikka acknowledge the pivotal role their decision to launch Battery Smart played in shaping their careers. The company’s growth trajectory is impressive, with plans to expand into 10 additional cities before year-end. This expansion is supported by a recent $45 million funding round, valuing the company at Rs 2,830 crore ($341 million). Investors include Acacia Inclusion Limited, MUFG Bank, Blume Ventures, The Ecosystem Integrity Fund, and British International Investment. Battery Smart’s mission is to enhance the accessibility and convenience of electric vehicles, contributing to a greener and more sustainable future. The company aims to double its customer base and expand into new regions, leveraging its innovative battery-swapping technology. This initiative underscores the transformative power of entrepreneurship and the continued impact of IIT graduates in driving technological advancements.
IIT Graduates Revolutionizing Electric Vehicle Battery Industry with Battery Smart
