Xbattery Secures $2.3M Seed Funding to Build High-Voltage BMS for EVs and BESS

Hyderabad-based deep-tech startup Xbattery is developing Battery Management Systems (BMS) and has raised USD 2.3 Mn in its Seed funding led by Bipin Patel Family Office with participation from Jhaveri Credits.

In a press release, while sharing these details, the company said the funding will support Research and Development (R&D), hardware sourcing, talent hiring, and scaling prototypes for early orders and commercialization. The company further explained that the fresh infusion of capital will help to accelerate the R&D in BMS and Battery Energy Storage System (BESS) development, sourcing specialized hardware and components, expanding the engineering and production teams, and scaling prototype production to meet rapidly growing consumer demand.

Xbattery, founded by Satish Reddy, Sonu Mishra, and Varshith Rao, brings decades of experience and expertise across software-hardware integration, embedded systems, and battery technology. Xbattery aims to decrease import dependency on high-cost foreign BMS tech by offering a “Made in India” solution, a unified, adaptable BMS that enhances safety, efficiency, and longevity for EVs and stationary storage.

The company explained that with India aiming for rapid EV adoption and renewable storage capacity, the demand for robust and indigenous BMS solutions is expected to soar. The company explained that it plans to capture this opportunity domestically first, with a long-term vision to export its battery electronics to Europe and North America.

About The Project

Sharing the latest date, Xbattery said, "Today, India generates 40% of its electricity from renewables. By 2030, it plans to reach 50%, delivering 500 gigawatts of clean energy. Here lies the challenge: renewable energy is intermittent in nature, so storage is essential. Hence, by 2030, India’s energy storage market will likely reach $12-15 billion. That includes grid batteries, EV batteries, and UPS systems. This is where Xbattery steps in. Xbattery is developing BharatBMS, a unified BMS platform for both EVs and energy storage. It is built locally, improves battery safety, performance, and durability, and is designed for India’s needs."

Dhiraj Kumar Sinha, an early-stage VC and angel investor, who is also a mentor of Xbattery, facilitated and advised on the investment transaction.  “Self-reliance in battery electronics is critical for India, and the market is bigger than people think,” said Satish Reddy, Founder and CEO of Xbattery. “We are thrilled to have found partners who share our vision. Because this is deeptech, it requires serious investment in R&D. This funding is going to help us bring our tech to market so we can start fulfilling our initial orders.”