Press Release, 25 September 2025
Hyderabad-based deep-tech startup Xbattery has raised $2.3 million in seed funding to advance its work on next-generation Battery Management Systems (BMS). The round was led by Bipin Patel Family Office with participation from Jhaveri Credits and support from early-stage investor and mentor Dhiraj Kumar Sinha. The funding will fuel research and development, hardware sourcing, talent expansion, and prototype scaling as the company prepares for early orders and commercialization.
Founded by Satish Reddy, Sonu Mishra, and Varshith Rao, Xbattery is developing BharatBMS, a locally built and adaptable BMS platform designed for both electric vehicles and energy storage systems. The solution promises to enhance safety, efficiency, and battery lifespan while reducing India’s reliance on expensive imported technologies. With India pushing to generate 50% of its electricity from renewables by 2030, storage solutions have become critical to managing intermittent energy supply. The country’s energy storage market is projected to grow to $12–15 billion by the end of the decade, creating a massive opportunity for indigenous innovation.
The startup’s mission is closely aligned with India’s clean energy and EV goals. By offering a homegrown BMS, Xbattery aims to create the backbone of safe and scalable battery electronics while setting new benchmarks in performance. The founders envision India not only meeting domestic demand but also exporting advanced BMS technologies to Europe and North America in the long term. With fresh capital in hand, Xbattery is poised to accelerate R&D and bring its BharatBMS platform closer to market readiness, playing a key role in shaping the country’s transition to sustainable mobility and energy.
