Xbattery secures USD 2.3 million Seed Funding to develop BMS solutions

Xbattery, a Hyderabad-based startup developing Battery Management Systems (BMS), has raised USD 2.3 million in a Seed funding round led by Bipin Patel Family Office, with participation from Jhaveri Credits. The funding will be used for research and development, hardware sourcing, hiring, and scaling prototypes for early orders and commercialization.

The company was founded by Satish Reddy, Sonu Mishra, and Varshith Rao, who have experience in software-hardware integration, embedded systems, and battery technology. Xbattery is working on reducing import dependence in BMS by building a locally developed platform intended for both electric vehicles (EVs) and stationary energy storage.

India currently generates about 40% of its electricity from renewable sources, with a target of reaching 50% by 2030, equal to 500 gigawatts of capacity. Given the intermittent nature of renewables, storage is considered essential. The country’s energy storage market is projected to reach USD 12–15 billion by 2030, spanning grid storage, EV batteries, and UPS systems.

Xbattery is developing BharatBMS, a platform for EVs and energy storage systems designed to improve safety, performance, and durability while aligning with domestic needs. The new funding will support research and development in BMS and battery energy storage systems (BESS), procurement of specialized components, expansion of engineering and production teams, and prototype scaling.

The investment transaction was facilitated by early-stage investor and mentor Dhiraj Kumar Sinha.

“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.”

“At Xbattery, we see BharatBMS as more than a technology; it’s our commitment to India’s clean energy transition. By building the backbone of safe and scalable battery electronics, we are helping India reduce import dependence while setting global benchmarks for reliability and performance,” said Sonu Mishra, CTO and Co-Founder of Xbattery.

“Xbattery is creating India’s first high-voltage BMS, which aims to reduce India’s dependency on foreign products. We are glad to have found Xbattery, led by Satish, and have partnered with them for building India’s own BMS. Our families have a sizable interest in energy space, and we expect Xbattery to act as our strategic business partners as well,” said Mr. Preet Patel, CEO of Bipin Patel Family Office.

With India focusing on expanding EV adoption and renewable storage, the demand for BMS solutions is expected to increase. Xbattery plans to address this demand in the domestic market before exploring opportunities in Europe and North America.

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