COMPANY INTELLIGENCE PROFILE
BatteryPool (Divish Mobility Pvt Ltd)
BatteryPool (legal entity Divish Mobility Pvt Ltd) is a Pune-based EV battery-as-a-service platform offering pay-per-use battery rental, swapping and financing for electric two/three-wheeler fleets.
BatteryPool, operated by Divish Mobility Pvt Ltd, is a Pune-based company offering an EV battery-as-a-service platform for electric two and three-wheelers. The company provides pay-per-use battery rental, swapping, and financing options. In 2025, it generated ₹3.55 crore in revenue and secured a ₹8 crore pre-Series A funding round. BatteryPool has deployed over 2,000 batteries and operates more than 55 smart swapping stations across six Indian cities.
AI-generated, may contain errors.
Business Overview
- Operates under the brand "BatteryPool," a battery-as-a-service (BaaS) model for electric 2W/3W vehicles — customers pay daily/weekly/monthly (from ~₹55/day) for battery access instead of owning the battery outright, mirroring prepaid mobile recharge economics.
- Services include battery rental/rent-to-own, home and fast-charging plus fleet depot charging, battery-linked EMI/financing tie-ups with NBFCs, maintenance, and battery buyback.
- Targets fleet operators, franchise partners, NBFCs and OEMs.
- Company states 2,000+ batteries deployed, 5M+ clean km driven, 1,000+ drivers served, 55+ smart battery-swapping stations across six Indian cities, and a 35% average fleet-uptime improvement.
- Launched its BaaS offering for 2W/3W EVs in Jan 2023
- By Dec 2024 had tie-ups with 4 NBFCs., Source: batterypool.com — self-reported operational metrics, not independently audited.
Sector & Classification
Business/Consumer Professional Services (aggregator classification); operationally an EV battery-as-a-service (BaaS) / battery leasing & swapping platform
Directors & Key Management
Directors — source notes
Names confirmed by 2 independent sources (Tofler, TheCompanyCheck); DINs sourced from Tofler only (single-source, treat as partial): (1) Ashwin Shankar, DIN 07982969, Director since incorporation (12 Jan 2018) — also identified on batterypool.com as Founder & CEO; (2) Shankar Subramoniam, DIN 01181215, Director since incorporation (12 Jan 2018); (3) Arjun Seth, DIN 00005826, Nominee Director appointed 12 Aug 2021. Non-board leadership per company site: Roshan Padamadan (CFO), Ashit Virmani (3W Business Head), Ravi Ranjan (3W Operations Head), Ayush Jha (Asset Mgmt & Repair Head); a "Neil Nevgi" is referenced as a co-founder in historical context on the company site (role/current status unclear — not obtained from registry sources).
GST Registrations
Not obtained. No GSTIN could be located via KnowYourGST, FindGST or MastersIndia lookups (all returned 404/no record) and none of the registry aggregators (Tofler/TheCompanyCheck) surfaced a GSTIN or PAN for this entity. Given the Pune registered address, home state is presumptively Maharashtra, but this is inferred, not confirmed.
Financials
BatteryPool, under Divish Mobility Pvt Ltd, reported FY2025 revenue of ₹3.55 crore, marking a 48% increase YoY. The company has a net profit margin of 7.03% and return on equity of 7.53%, with a debt-to-equity ratio of 0.18. Borrowings rose by 47.15% YoY, while total assets grew by 3.46%.
AI-generated, may contain errors.
- Partial, single-sourced, Falconebiz, FY2025/FYE 31-Mar-2025: Revenue ₹3.55 crore (+48% YoY).
- Tofler (same FY) shows secondary ratios without absolute figures: Net Profit Margin 7.03%, Return on Equity 7.53%, Debt-to-Equity 0.18, borrowings up 47.15% YoY, total assets up 3.46% YoY — implying a small positive PAT, ~₹25 lakh order of magnitude, not stated directly.
- EBITDA, exact PAT, net worth and total borrowings figures are paywalled on both aggregators ("not obtained").
- No standalone-vs-consolidated basis was stated by either source
- Company has no listed subsidiaries found, so figures are presumed standalone.
Funding History
- Partial, single-sourced, company's own site, batterypool.com — not independently corroborated by a news source in this session despite the site claiming press coverage in BW Disrupt/Entrackr/ET/Indian Express/YourStory: ₹8 crore pre-Series A round announced November 2025, led by Inflection Point Ventures, with participation from Indian Angel Network, Chennai Angels, Keiretsu Forum, and individual/angel investors.
- Stated use of funds: scale battery fleet ~10x over 18 months.
- No cap-table or round name/date beyond this was found on Tracxn, page not resolvable, or Entrackr/Inc42 site search, no matching articles returned in this session.
Loans & Charges
| Charge holder | Amount | Details |
|---|---|---|
| cross-checked against Falconebiz's aggregate open-charges figure of | ~₹2.7 Cr | |
| active charges totaling | ~₹2.3 | –2 |
| CKERS Finance Pvt Ltd | ₹2.0 crore | created 10 Feb 2025 |
| Oracle Marketing Pvt Ltd | ₹0.2 crore | created 29 Jul 2024 |
| Ecofy Finance Pvt Ltd | ₹0.1 crore | created 18 Dec 2023 |
- Confirmed, Tofler charges detail, which is broadly consistent: 3 open/ 7 Cr — (1)
- Falconebiz also references a most-recent charge dated 27 Nov 2025, ₹35.23 lakh, "Others", not itemized by Tofler — possible timing gap between the two snapshots.
- No satisfied/closed charges reported.
- Note: "no charges" caveats aside, all listed charges appear currently open.
Competitive Landscape
- EV battery-as-a-service / swapping peers, named from general industry knowledge, not individually fetched this session: Battery Smart, large-scale battery-swapping network, multi-city, well-funded — bigger scale, Sun Mobility, battery-swapping infra + OEM tie-ups — larger, more capitalized, Yulu, EV mobility + battery swap for last-mile, larger scale, Esmito Solutions, battery swap tech, JV-backed, RACEnergy, 2W/3W battery swapping, Lithion Power, battery-as-a-service financing model, similar scale/stage to BatteryPool.
- BatteryPool appears smaller-scale/early-stage relative to Battery Smart and Sun Mobility, comparable in stage to Lithion Power and RACEnergy.
Frequently Asked Questions
What does the company BatteryPool do?
BatteryPool, under the legal entity Divish Mobility Pvt Ltd, is a Pune-based EV battery-as-a-service platform. It offers pay-per-use battery rental, swapping, and financing services for electric two and three-wheeler fleets.
What is the CIN of Divish Mobility Pvt Ltd?
The CIN of Divish Mobility Pvt Ltd is U74999PN2018PTC174312.
When was Divish Mobility Pvt Ltd incorporated?
Divish Mobility Pvt Ltd was incorporated on February 16, 2018.
Where is the registered office of Divish Mobility Pvt Ltd located?
The registered office of Divish Mobility Pvt Ltd is located at Gokulam, Plot No. 11, Manisha Housing Society, Karvenagar, Pune, Maharashtra 411052.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.