Mumbai, Oct. 15 -- Bengaluru-based deep-tech battery start-up Flowatt Battery Science has raised INR 22 million in its pre-seed funding round led by accelerator PedalStart.

The capital will be directed towards technology optimisation, completing the proof-of-concept (POC) for its electric battery and building alliances with insurers, EV financiers, OEMs and other stakeholders.

Flowatt focuses on powering commercial mobility fleets for e-commerce and quick-commerce segments. It uses a Battery-as-a-Service (BaaS) pay-per-use model for electric two-wheelers and three-wheelers, which aims to lower battery purchase costs for fleet operators. The service uses IoT-enabled tracking and data analytics to optimise battery performance and cost-eff...