Battery Smart Secures $65 Million in Series B Funding to Accelerate EV Battery-Swapping Network

Electric vehicle startup Battery Smart has secured $65 million in Series B funding led by LeapFrog Investments. The capital will be used to scale the company’s dense battery-swapping network nationwide and promote electric vehicle adoption. With over 1,000 battery-swapping stations in 30 cities, Battery Smart has completed over 35 million swaps for 45,000 active customers. The funding round includes participation from new and existing investors, including MUFG Bank, Panasonic, Ecosystem Integrity Fund, Blume Ventures, and British International Investment.

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