NBFC partnerships drive monthly battery financing deployment
BatteryPool has partnered with leading non-banking financial companies, including AMU Finance and Mufin, to expand sachetized electric vehicle battery financing across India’s commercial mobility segment. Through these partnerships, the company is currently deploying ₹1–2 crore per month in financing for batteries used by e-rickshaw drivers, gig workers, and fleet owners. The model enables flexible repayment options, including daily, weekly, and prepaid 15- or 30-day EMIs, tailored for drivers operating on variable daily incomes.
BatteryPool’s financing portfolio is active across nine cities in four states, primarily in western and central India. The company reports repayment rates exceeding 99%, with tightly controlled credit losses, reinforcing lender confidence in its technology-backed collection framework. On the back of this performance, BatteryPool has received ₹25+ crore in additional NBFC and leasing credit commitments, which will support rapid portfolio expansion over the next 12 months.
Charge-lock technology reduces credit risk
Founded in 2018, BatteryPool has developed a proprietary charge-lock technology that integrates payment enforcement directly into the battery system. If an EMI payment is delayed, the battery cannot be recharged until dues are cleared, after which charging access is automatically restored. This hardware-software-AI stack significantly mitigates default risk and enables lenders to extend credit to customer segments traditionally considered high-risk.
The platform supports battery lifecycle control and cross-chemistry compatibility, enabling financing models that conventional EV lenders cannot easily offer. This innovation has become central to BatteryPool’s value proposition for financial partners and OEMs.
Scaling batteries, users, and lifecycle value
BatteryPool currently manages more than 2,200 batteries, spanning both Battery-as-a-Service rentals and NBFC-financed batteries owned by drivers through EMIs. The company plans to scale this portfolio to 6,000 batteries by March 2026 while growing its active user base from 1,400 to over 10,000 drivers.
After 3–4 years of use, batteries are bought back by BatteryPool at a predetermined price, refurbished for stationary energy storage, or recycled, ensuring long-term asset value. The company is also pursuing deeper integrations with OEMs, fleet operators, and digital lending platforms to make sachetized battery financing the default option for commercial EV buyers.
