PointO develops a full-stack ecosystem for lithium-ion batteries that includes financing, servicing and manufacturing aimed at e-rickshaw owners. The company targets low adoption caused by operational and financial complexities, with an initial focus on financing and adoption in tier-II and beyond cities. PointO says it has grown sevenfold over the past 12 months and plans to add more than ten cities to its physical centers in the next 12 months. Founder-CEO Riki Biswas and co-founder Gaurav Jindal say lithium batteries can deliver higher mileage, lower cost of capital and materially increase drivers’ take-home income. The company cites market projections showing the e-rickshaw market growing at a 32% CAGR from 2021–2032 to a projected $27.5 billion, and notes lithium batteries represent 60–70% of total cost of ownership.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

May 2024