EV startup Esmito raised $1.2 million in seed led by Unicorn India Ventures. Esmito intends to use the funds to improve its battery swapping solutions and expand its technology team.
Esmito collects data from all subsystems (of logistic partners) and performs data analytics, assisting in the optimization of EV assets, inventory management, and forecasting demand for battery charging solutions and driving patterns. It also generates data reports on EV charger usage, EV battery and cell life analytics, EV performance, driving behaviour, and customer transactions. Estimo also announced smart battery swap solutions for mobility service providers. It intends to develop and scale up its swapping solutions for the Indian two- and three-wheeler markets.