Xbattery Raises $2.3M Seed Funding to Build India’s First Indigenous High-Voltage BMS

Xbattery, a Hyderabad-based deep-tech startup developing next-generation Battery Management Systems (BMS), has raised USD 2.3 Million in its Seed funding led by Bipin Patel Family Office with participation from Jhaveri Credits. The funding will support R&D, hardware sourcing, talent hiring, and scaling prototypes for early orders and commercialization.

Founded by Satish Reddy, Sonu Mishra, and Varshith Rao, bringing decades of experience and expertise across software-hardware integration, embedded systems, and battery technology. Xbattery is set out to contribute towards achieving India’s goals in the clean energy and Electric Vehicle space. 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.

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.

The fresh infusion of capital will fast-track this goal by accelerating the R&D in BMS and BESS development, sourcing specialized hardware and components, expanding the engineering and production teams, and scaling prototype production to meet rapidly growing consumer demand.

Mr. 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.”

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