Battery Smart Franchise in India (2026): A High-Growth EV Battery Swapping Business with Proven Scale

Quick Overview Table
| Particulars | Details |
|---|---|
| Brand Name | Battery Smart |
| Founded | 2019 |
| Founders | Pulkit Khurana & Siddharth Sikka |
| Headquarters | New Delhi, India |
| Business Model | EV Battery Swapping Network |
| Network Size | 1,500+ stations across 50 cities |
| Daily Battery Swaps | 125,000+ |
| Franchise / Partner Model | Partner-Led Battery Swapping Stations |
| Investment Range | ₹8–15 Lakhs (approx.) |
| Ideal Locations | High EV density urban & semi-urban areas |
| Official Partner Link | https://www.batterysmart.in/partners#joinOurNetwork |
Table of Contents
Introduction
India’s electric vehicle (EV) revolution is accelerating rapidly, especially in the two-wheeler and three-wheeler segment. While EV adoption is rising, challenges like long charging times, high battery costs, and range anxiety still slow down mass adoption. This is where Battery Smart steps in.
Battery Smart has emerged as India’s largest battery-swapping network, offering a fast, scalable, and asset-light solution for EV users. For entrepreneurs and investors, the Battery Smart franchise / partner model presents a future-ready opportunity aligned with India’s clean mobility mission.
If you’re looking to enter the EV ecosystem without manufacturing vehicles, Battery Smart offers one of the most practical and scalable entry points.
Why Choose Battery Smart Franchise?
Battery Smart is not just another EV startup — it is infrastructure-driven, data-backed, and already profitable at scale.
Key Reasons to Consider Battery Smart:
- Market Leadership: India’s largest battery-swapping network
- Recurring Revenue Model: Subscription-based battery usage by EV drivers
- Low Operational Complexity: Minimal manpower required
- Strong EV Tailwinds: Government push for EVs and shared mobility
- Scalable Partner Model: Proven expansion across multiple cities
Battery swapping is especially popular among e-rickshaws, delivery fleets, and last-mile mobility operators, making demand stable and repeat-driven.
Also Read: Zeon Charging Franchise
Founder Details
Battery Smart was co-founded in 2019 by Pulkit Khurana and Siddharth Sikka, both alumni of IIT Kanpur.
Founder & Company Background
- Educational Background: Engineering graduates from IIT Kanpur
- Early Venture: Built an intracity bus-pooling app in 2015
- Problem Identified: EV users struggled with charging time, battery ownership cost, and downtime
- Solution: Fast, affordable battery swapping infrastructure
Leadership Roles
- Pulkit Khurana – Co-Founder & CEO (Strategy, Growth, Vision)
- Siddharth Sikka – Co-Founder (Operations, Network Expansion)
Company Growth Highlights (as of 2025)
- 1,500+ battery swapping stations
- Presence in 50+ cities
- Over 125,000 battery swaps daily
- Strong partnerships with EV OEMs and fleet operators
Their partner-led station model has enabled rapid expansion with limited capital expenditure.
Company Details: Battery Smart Franchise
- Founded: 2019
- Industry: EV Infrastructure – Battery Swapping
- Core Focus: Two-wheelers & three-wheelers
- Vision: Make EV adoption affordable, fast, and practical
- Mission: Eliminate charging delays, battery ownership costs, and range anxiety
Battery Smart operates on a plug-and-play infrastructure model, making it easy for partners to set up and operate stations.
Research Insights
Battery swapping is increasingly being recognized as a key enabler of EV adoption in India.
- NITI Aayog has highlighted battery swapping as a solution for urban EV challenges
- India’s EV market is expected to grow at 40%+ CAGR over the next decade
- Battery Smart’s scale places it among the top EV infrastructure startups in India
Useful reading:
- Battery Smart official website – https://www.batterysmart.in
- Partner program details – https://www.batterysmart.in/partners#joinOurNetwork
Investment & ROI Table
| Category | Details / Estimate |
|---|---|
| Estimated Initial Investment | ₹8,00,000 – ₹15,00,000 |
| Space Requirement | 100–150 sq. ft. |
| Setup Costs Included | Battery swapping cabinet, software integration, branding & signage |
| Average Daily Battery Swaps | 80 – 120 swaps/day |
| Average Revenue per Swap | ₹40 – ₹60 |
| Estimated Daily Revenue | ₹3,200 – ₹7,200 |
| Estimated Monthly Revenue | ₹96,000 – ₹2,16,000 |
| Monthly Operating Expenses | ₹30,000 – ₹60,000 (electricity, staff, rent) |
| Estimated Monthly Profit | ₹66,000 – ₹1,56,000 |
| Breakeven Period Estimate | 18 – 30 months |
| ROI Potential (Year 1–3) | 40% – 120%+ |
| Factors Influencing ROI | Location, EV adoption, footfall, fleet partnerships |
Disclaimer:
ROI figures are indicative and may vary based on location, EV density, usage volume, and operational efficiency. FranchiseHurt does not guarantee returns.
Franchise / Partner Models
Battery Smart follows a Partner-Led Model, not a traditional franchise.
Partner Responsibilities:
- Provide space (100–150 sq. ft.)
- Basic electricity connection
- Day-to-day supervision
Battery Smart Provides:
- Battery swapping technology
- Battery inventory
- Software & monitoring
- Demand generation through OEM & fleet tie-ups
This model allows partners to earn without managing batteries as assets.
Eligibility Criteria
- Individual entrepreneurs or small business owners
- Commercial space owners
- Fleet operators
- Willingness to follow operational SOPs
- Basic understanding of local EV market
No prior EV experience is mandatory.
Required Documents
- Aadhaar & PAN card
- Address proof
- Property ownership or rental agreement
- Bank account details
- Passport-size photographs
How to Apply (Step-by-Step)
You can apply directly through the official partner page.
🔗 Official Link:
https://www.batterysmart.in/partners#joinOurNetwork
Application Steps:
- Visit the official partner page
- Fill in personal & location details
- Submit required information
- Battery Smart team contacts you
- Location assessment & onboarding
Optimal Locations for Your Battery Smart Franchise
High-Potential Cities:
- Delhi NCR
- Bengaluru
- Hyderabad
- Chennai
- Pune
- Mumbai
- Jaipur
- Lucknow
- Patna
- Indore
Ideal Micro-Locations:
- Near e-rickshaw stands
- Delivery hubs & warehouses
- Metro station parking areas
- Busy marketplaces
- Fleet parking zones
Future Outlook
Battery Smart is well-positioned to benefit from:
- India’s EV policy push
- Growth in last-mile delivery
- Expansion of shared mobility
- Rising fuel costs
As battery swapping gains policy support, early partners stand to benefit the most from long-term network expansion.
Conclusion
Battery Smart offers one of the most practical and scalable EV infrastructure business opportunities in India. With a proven model, strong leadership, and massive market demand, it is an attractive option for entrepreneurs looking to enter the EV ecosystem without heavy technical complexity.
If you’re searching for a future-ready, recurring-revenue business, Battery Smart is definitely worth serious consideration.
Frequently Asked Questions (FAQs) – Battery Smart Franchise
1. Is Battery Smart a franchise?
Ans: Battery Smart follows a partner-led model, similar to a franchise but with centralized battery ownership.
2. How much space is required?
Ans: Typically 100–150 sq. ft., depending on station configuration.
3. Is the investment risky?
Ans: As with any business, risks exist, but Battery Smart benefits from strong demand and proven scale.
4. Can I run it part-time?
Ans: Yes, minimal daily involvement is required.
5. Is EV experience mandatory?
Ans: No, Battery Smart provides operational guidance and support.







