Rising Tide has made follow-on investments in the Series C1 & C2 funding rounds of Upgrid Solutions Private Limited, dba Battery Smart.

CMS INDUSLAW advised Rising Tide on these investments.

The transaction team consisted of Shweta Gupta (Partner) and Abhinav A (Associate).

Kartik Ganapathy (Founding Partner) provided strategic inputs on the transaction.

Battery Smart operates one of India's largest battery-swapping networks, enabling EV users to access fully charged batteries through a widespread network of swapping stations.

The fresh capital will support the company's expansion plans, strengthen its technology and network infrastructure, and further reinforce its leadership position in India's rapidly growing EV battery-swapping ecosystem.

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