Flowatt Battery Science Secures Funding to Revolutionise EV Battery Solutions

Bengaluru-based battery deeptech startup Flowatt Battery Science has successfully acquired Rs 2.2 crore in a pre-seed funding round spearheaded by PedalStart. This fresh investment will be utilised for enhancing technology and finalising the proof of concept (POC) of its innovative electric battery design. Flowatt also plans to form strategic partnerships with insurers, EV financiers, OEMs, and other pivotal ecosystem participants, while recruiting talent in areas such as technology, business development, and operations, as indicated in their press announcement.

Innovative Battery Solutions for the Future

Co-founded in 2023 by Siddhartha Srivastava, Bikesh Jha, and Vikash Singh, Flowatt incorporates IoT-enabled tracking and data analytics, alongside predictive maintenance and asset management, to enhance battery performance and financial efficiency for last-mile delivery fleets. The startup is poised to reshape the landscape of electric vehicle (EV) logistics fleet management within India.

Transforming Fleet Operations

Flowatt aims to lower the initial EV battery acquisition costs for fleet operators through its pay-per-use Battery-as-a-Service (BaaS) model. This approach not only allows companies to reduce downtime but also improves profit margins with predictable, fuel-like subscription benefits. The startup is currently dedicated to energising commercial mobility fleets specifically catering to the e-commerce and quick-commerce verticals.

Scaling Up to Meet Demand

Flowatt reports having made notable advancements, deploying its flagship BaaS model to nearly 1,500 batteries across various cities in India so far. Their goal is to roll out over 20,000 high-performance batteries as part of the BaaS initiative, achieve over Rs 2.5 crore in monthly recurring revenue (MRR), and expand into over 15 cities across Tier 1 and Tier 2 India by the conclusion of FY 2026–27.

Contributing to EV Ecosystem

As India hastens towards extensive electrification, Flowatt is addressing a critical issue within the nation’s EV ecosystem — the financial constraints associated with battery adoption. By transitioning batteries from a capital-intensive acquisition to a flexible service model, Flowatt is alleviating significant challenges related to commercial EV uptake, according to Manas Pal and Aditya Darolia, co-founders of PedalStart.