Battery Smart appoints Amit Bhardwaj as CFO

Battery Smart, a battery-swapping network for electric two- and three-wheelers, has announced the appointment of Amit Bhardwaj as its Chief Financial Officer (CFO). 

Bhardwaj brings experience in financial strategy, risk management, and business growth, this appointment marks a pivotal step in Battery Smart’s expansion as it strengthens its leadership in the electric mobility space.

Before joining Battery Smart, he served as Vice President & Group Finance Controller at Shiprocket.

Battery Smart provides advanced lithium-ion batteries for electric two and three-wheelers which can be swapped in quick time at any of its swapping stations. Its battery-as-a-service (BaaS) solution helps customers to save high upfront costs.

Earlier in June this year, Battery Smart had raised $65 million in its Series B round led by LeapFrog Investments and others. 

Battery Smart reported a 195% rise in revenue from operations to Rs 164.6 crore in FY24 compared to Rs 55.9 crore in the previous year.

According to reports, the company has also announced a strategic partnership with quick commerce platform Zepto to deploy 1,000 electric vehicles in the next financial year ending 2025. The partnership will help Zepto’s delivery partners to use Battery Smart’s swapping network to quickly charge their electric vehicles.