India’s Battery Smart, a battery-swapping network for electric vehicles, is eyeing a fundraise of $50 million in its Series B funding round as it looks to expand to new territories, DealStreetAsia has learnt.
The New Delhi-based startup has initiated talks with a couple of new and existing investors, including Blume Ventures and Orios Venture Partners, to raise the amount, said an industry source on the condition of anonymity.