Siddharth Sikka

Co-founder of Battery Smart, an ev company based in Gurugram.

Co-founderGurugramEV

Founded

2019

Gurugram, India

Raised to date

$116M

5 rounds on record

Latest round

Series C

$19.5M · Aug 2026

Team

201–500

Upgrid Solutions Private Limited

About

Siddharth Sikka is Co-founder of Battery Smart, an ev company based in Gurugram, founded in 2019. Battery Smart's most recent disclosed round was a funding round of $19.5M in Aug 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2019

Battery Smart

EV · Gurugram · 201–500 people · Active

Gurugram-based battery-swapping network for electric two- and three-wheelers. Battery Smart's battery-as-a-service model lets commercial and gig-economy drivers swap depleted lithium-ion batteries for charged ones in minutes rather than owning the battery or waiting to recharge, across a network of over 1,500 swapping stations. Founded in 2019 by Pulkit Khurana and Siddharth Sikka, both IIT Kanpur alumni.

Funding

Aug 2026Series C$19.5MRising Tide Ventures, Ecosystem Integrity Fund, Blume Ventures

Apr 2026Debt$15MMirova (debt)

Mar 2026Pre-Series C$7.5MAcacia Inclusion, Blume Ventures, PC-SBI Kurashi Visionary Fund

Jun 2025Series B extension$29MRising Tide Energy, Asia Climate Fund, Ecosystem Integrity Fund, Acacia Inclusion

Company profile →5 rounds on record

Journey with Battery Smart

2 milestones

2019Founded
Battery Smart founded in Gurugram by Pulkit Khurana and Siddharth Sikka as a battery-swapping network for electric two- and three-wheelers. Read the story →
Jun 2024Milestone
Completed a $65 million secondary share sale at a reported post-money valuation of around $340 million.

Also building Battery Smart

PKPulkit KhuranaCo-founder · CEO→

Coverage

1 story

Funding · 21 Aug 2026 · 6 min read

Battery Smart Raises ₹185.5 Crore Series C Led by Rising Tide Ventures at an Estimated $430 Million Valuation