Wadia Ghandy Advised ResponsAbility On Investment In Battery Smart

June 24, 2025

Wadia Ghandy & Co. recently represented ResponsAbility Asia Climate Fund, SICAV-RAIF, in connection with its investment in the USD 29 million Series B funding round of Upgrid Solutions Private Limited, which operates under the brand ‘Battery Smart’.

The other co-investors were Rising Tide, LeapFrog and Ecosystem Integrity Fund. Battery Smart is one of India’s fastest-growing battery-swapping networks, providing affordable and convenient access to electric vehicle energy infrastructure.

The round saw participation from a mix of global and domestic investors, including MUFG Bank, Blume Ventures, The Ecosystem Integrity Fund, and British International Investment. This strategic investment will bolster Battery Smart’s battery-swapping infrastructure across India, furthering its mission to enable accessible, efficient, and sustainable electric mobility.

This transaction was led by Partner Anant Kaushik, who was assisted by Associate Arjit Mishra.

Anant Kaushik, Arjit Mishra

EV Industry

Venture Capital

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