National, 16th October 2025: Bengaluru-based battery-deeptech start-up Flowatt Battery Science has raised overall round of ₹2.2 Cr (over $249K) in its maiden pre-seed funding round led by renowned accelerator PedalStart. A substantial portion of the capital will be directed towards technology optimization and completing the proof-of-concept (POC) of its groundbreaking electric battery designed around three key pillars: lowest cost, longest life, and assured buyback. The company would also utilize these funds to build strategic alliances with insurers, EV financiers, OEMs and other key ecosystem stakeholders, and onboard talent across tech, business development, and operations.
Flowatt leverages IoT-enabled tracking and data analytics along with predictive maintenance and asset management to optimize battery performance and cost-efficiency for last-mile delivery fleets. With its innovative battery solutions for electric 2-wheelers (e-2Ws) and 3-wheelers (e-3Ws), Flowatt is committed to transforming the electric vehicle (EV)-based logistics fleet management landscape in India. They are doing so by lowering the upfront EV battery purchase costs for fleet operators with a pay-per-use Battery-as-a-Service (BaaS) model, while simultaneously enabling them to reduce downtime and improve margins with a predictable, fuel-like subscription advantage. The start-up is currently highly focused on powering commercial mobility fleets for e-commerce and quick-commerce segments.
Flowatt has already gained noteworthy early traction, scaling its flagship BaaS model to nearly 1500 batteries across multiple Indian cities as of date. Bolstered by the latest funding, the start-up has now chalked out ambitious growth and expansion plans. It aims to deploy over 20k high-performance batteries under its BaaS offering, achieve over ₹2.5 Cr monthly recurring revenue (MRR), and expand to 15+ cities across tier 1 and tier 2 India by the end of FY 2026-27.
Siddhartha Srivastava, Bikesh Jha and Vikash Singh, Co-Founders of Flowatt Battery Science, said, “We are thrilled to announce our pre-seed round led by PedalStart, a significant milestone set to propel Flowatt’s journey ahead. In the near term, the funds raised shall be instrumental in enabling us to optimize and scale our new battery-as-a-service solution that offers a three-fold edge- minimal cost, longest battery life and assured buyback guarantee. As the electric mobility scene in India soars, managing EV batteries efficiently throughout their lifecycle has emerged as an imperative. At Flowatt, we’re doing this by combining cutting-edge battery science with data science and aiming to bridge the gaps between advanced energy storage technologies and long-term value creation for the ecosystem. Our unique BaaS model and tech ensure that India’s EV owners and fleet operators can make efficient data-driven decisions, while minimizing costs and negative environmental impact. In the long run, we aspire to make EV adoption more affordable, accessible, profitable and sustainable.”
Manas Pal and Aditya Darolia, Co-Founders, PedalStart, commented, “As India accelerates towards large-scale electrification, Flowatt is solving one of the most pressing challenges in the nation’s EV ecosystem today- the economics of battery adoption. By shifting batteries from being a capital-heavy purchase to a flexible service offering, they are removing the biggest pain points with commercial EV adoption. Plus, their focus on battery assurance, lifecycle management and second-life applications makes them one of the most exciting deep-tech players today. We were impressed by the founding team’s domain experience and expertise, dedication to execution and vision, and are extremely happy to be a part of their growth story as Flowatt’s early believer, investor and backer.”
Flowatt’s innovative battery assurance layer offers real-time health monitoring and lifecycle underwriting through its in-house technology stack. This makes the company one of the few global players providing an integrated battery intelligence ecosystem that views the battery as a sustainable, data-driven asset rather than just an energy source. The company is also focused on promoting a circular energy economy by extending battery life and enabling second-life applications, with several pilots already underway.
