Stride Ventures provided more than $9 million in debt financing to EV startup Battery Smart. The electric vehicle startup plans to utilise the fresh cash to spread out across India and increase the number of batteries in its network.
The firm claims to have developed more than 440 EV switching stations and carried out more than 6 million battery swaps as part of its plan for sustainable lives and clean mobility. Furthermore, it claims to have assisted over 13K consumers in over 12 Indian cities, including Delhi, Gurgaon, Noida, Jaipur, Lucknow, Meerut, and others. Stride Ventures Provides $9 Million+ in Debt Funding for Battery Smart’s EV Startup