Orios Venture Partners, a leading early-stage investor in India, has announced a strategic partial exit from Battery Smart, yielding an impressive 29x return. This exit, part of the current funding round, reinforces Orios’ successful track record in delivering significant returns to its investors and strengthens its position as a premier early-stage investor.
Orios’ investment strategy aims to return 1x to limited partners (LPs) by the fourth or fifth year, ensuring ongoing value creation. Sukhmani Bedi, Partner at Orios Venture Partners, praised Battery Smart’s growth and innovation, highlighting the company’s substantial market share and contribution to electric vehicle (EV) adoption in India.
Battery Smart, founded in 2019, has become India’s largest battery-swapping network for electric two and three-wheelers, simplifying EV adoption with over 10 million battery swaps completed as of April 2023.
Orios Venture Partners continues to support Battery Smart’s future growth while maintaining its investment in the company. Founded in 2013, Orios Venture Partners invests in Indian market-focused startups, with a notable portfolio including Pharmeasy, Country Delight, Beato, Karbon, and more.
