Pointo is building its next phase of growth around a simple idea: an EV battery should not stop creating value when its first vehicle does. The Kolkata-based battery distribution and service startup is expanding into e-autos, battery energy storage systems and second-life applications as it prepares for a larger fundraise.
The company is currently in talks with investors to raise ₹70–100 crore. The capital is expected to fund an automated large-scale refurbishment unit and a wider ground distribution network. Pointo had earlier raised ₹6.2 crore in seed funding led by Equirus InnovateX Fund. Founded in 2023 by Riki Biswas and three cofounders, Pointo is trying to build a closed-loop battery supply chain spanning deployment, financing, buyback, refurbishment and reuse. It has partnered with lithium-ion battery manufacturers and NBFCs to make batteries more accessible to e-rickshaw drivers and fleet operators without requiring large upfront payments.
The startup currently serves around 25,000 customers through more than 22 hubs across six states and is looking to deepen its presence in Tier II and Tier III markets. Pointo sees particular opportunity in the L5 electric auto category, where thousands of vehicles are expected to begin needing battery replacements from next year.
Those replaced batteries are central to Pointo’s second bet. Instead of treating them as waste, the company plans to refurbish or repurpose them for lower-demand applications such as home inverters and energy storage systems. Pointo already operates a 20,000 sq ft R&D and refurbishment facility and now wants to scale that infrastructure significantly.
The company says its revenue run rate has climbed from about ₹3 crore in FY24 to ₹80 crore in FY26, while it is targeting around ₹150 crore in revenue for the current financial year. If that growth continues, Pointo’s opportunity may lie not just in selling new batteries, but in extracting more value from each battery across multiple lives.
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