Bengaluru-based battery deeptech startup will use the capital to optimize technology, complete proof-of-concept for its electric battery solution, and build partnerships with insurers, financiers, and OEMs.
15 Oct 2025 | 3922 Views | By Sarthak Mahajan
Flowatt Battery Science, a battery-deeptech startup focused on electric vehicle solutions, has raised ₹2.2 crore (over $249,000) in pre-seed funding led by accelerator PedalStart.
The company plans to allocate a significant portion of the funds toward technology optimization and completing the proof-of-concept for its electric battery, which is built ...
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Flowatt Battery Science, a battery-deeptech startup focused on electric vehicle solutions, has raised ₹2.2 crore (over $249,000) in pre-seed funding led by accelerator PedalStart.
The company plans to allocate a significant portion of the funds toward technology optimization and completing the proof-of-concept for its electric battery, which is built on three core principles: lowest cost, longest life, and assured buyback. Additional capital will support strategic partnerships with insurers, EV financiers, original equipment manufacturers, and other ecosystem participants, while also enabling talent acquisition across technology, business development, and operations functions.
Flowatt operates in the electric vehicle battery management space, utilizing IoT-enabled tracking, data analytics, predictive maintenance, and asset management to enhance battery performance and cost-efficiency for last-mile delivery fleets. The startup offers battery solutions for electric two-wheelers and three-wheelers through a Battery-as-a-Service (BaaS) model, which reduces upfront battery purchase costs for fleet operators through a pay-per-use structure while minimizing downtime and improving operational margins.
The company has deployed its BaaS model across nearly 1,500 batteries in multiple Indian cities. With the new funding, Flowatt has outlined expansion targets that include deploying over 20,000 high-performance batteries, achieving monthly recurring revenue of over ₹2.5 crore, and expanding operations to more than 15 cities across tier 1 and tier 2 markets by the end of fiscal year 2026-27.
Co-founders Siddhartha Srivastava, Bikesh Jha, and Vikash Singh stated that the funding represents a significant milestone for the company. They emphasized their focus on optimizing and scaling the battery-as-a-service solution while combining battery science with data analytics to address lifecycle management challenges in India's growing electric mobility sector.
Manas Pal and Aditya Darolia, co-founders of PedalStart, noted that Flowatt addresses a critical challenge in India's EV ecosystem by transforming batteries from capital-intensive purchases into flexible service offerings. They highlighted the founding team's domain expertise and the company's focus on battery assurance, lifecycle management, and second-life applications as key factors in their investment decision.
Flowatt's technology stack includes a battery assurance layer that provides real-time health monitoring and lifecycle underwriting. The company positions itself as one of the few global players offering an integrated battery intelligence ecosystem that treats batteries as sustainable, data-driven assets. The startup is also working on circular economy initiatives to extend battery life and enable second-life applications, with several pilot projects currently in progress.
Founded in December 2023, Flowatt was established by Siddhartha Srivastava, an IIT-Bombay and IIM-Ahmedabad alumnus with over 19 years of experience at Myntra, Flipkart, and Ola Electric; Bikesh Jha, an IIT-Bombay alumnus with 17-plus years in the lithium-ion battery and solar sectors at Sun Edison, Enphase, and SAR Group; and Vikash Singh, an HEC Paris alumnus with previous leadership roles at Ola Electric, Treebo Hotels, and Quickride.
PedalStart operates as an operator-led startup accelerator in India, selecting 15-18 high-potential startups annually through a three-month evaluation process. The accelerator provides hands-on guidance, execution support, and investment to early-stage ventures.