Battery Smart raises $45M in a Series B fundraise, 8 firms act on deal

Battery Smart (Upgrid Solutions Private Limited) has raised $45M from a Series B fundraise led by Acacia Inclusion Limited, MUFG Bank, Blume Ventures, The Ecosystem Integrity Fund, and British International Investment.

VERTICES PARTNERS represented Battery Smart in this transaction.

The transaction team was led by Vikrant Anand (Partner) along with Varun Kaka (Senior Associate), Prerna Bharti (Associate Manager), Yatin Chandra (Associate) and Liji Anna Thomas (Associate).

Founder & Managing Partner, Vinayak Burman provided strategic inputs.

Shardul Amarchand Mangaldas & Co advised LeapFrog with the team lead by Anuj Bhasme (Partner), along with Hardik Thakker (Principal Associate),Rishikesh Desai (Principal Associate), Anish Kapoor (Senior Associate) and Aakash Rao (Associate).

Trilegal advised MUFG Bank Limited with a team led by Kabeer Mathur (Partner), Komal Dani (Partner), along with Esha Himadri (Senior Associate), Chinmay Bilgi (Senior Associate), Dhaval Mehta (Associate), Harshit Dhandhia (Associate), Aparna Krishnakumar (Associate) and Akshar Bharadwaj (Associate).

Tiger Global was advised by AZB & Partners with a team led by Gautam Rego (Partner), Karishma Dugar (Senior Associate), Ritum Kumar (Associate), Sukeshi Singh (Associate) and Neha Rajan (Associate), and Gunderson Dettmer, team led by Samuel S. Feldman (Associate) and Jessica S. Hart (Associate).

Burgeon Law advised Orios Venture Partners with a team led by Ankit Bhasin (Partner) along with Aastha Agarwal (Senior Associate), and Saransh Agarwal (Associate).

Goodwin Law advised Ecosystem Integrity Fund IV, LP represented by Asmita Mishra (Associate).

Nishith Desai Associates represented Selling Shareholder with a team led by Vaibhav Parikh (Partner) and Muqeet Drabu (Associate)

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