Lithium-ion battery distribution and service startup Pointo is expanding its focus on electric three-wheelers, battery energy storage systems (BESS), and second-life battery products to accelerate revenue growth. Meanwhile, the startup is in active discussions with investors to raise ₹70–100 crore to support its next phase of expansion, a senior company official said.
The startup, which previously raised ₹6.2 crore in a seed funding round led by Equirus InnovateX Fund, plans to use the proposed investment to establish an automated, large-scale battery refurbishment facility. Additionally, Pointo intends to strengthen its ground-level distribution network across India.
Pointo recorded a significant increase in its revenue run rate, rising from approximately ₹3 crore in FY24 to ₹80 crore in FY26. Furthermore, the company expects to generate ₹150 crore in revenue during the current financial year, Founder and CEO Riki Biswas said.
Founded in 2023 by Biswas, a chemical engineer from IIT Guwahati, and three co-founders, Pointo aims to establish a closed-loop battery supply chain covering deployment, buyback, refurbishment, and second-life applications. Through financing partnerships with non-banking financial companies (NBFCs), the startup seeks to reduce upfront costs and provide customers with easier access to lithium-ion batteries for electric vehicles (EVs).
Currently, Pointo serves 25,000 customers through more than 22 physical hubs across six states: West Bengal, Bihar, Uttar Pradesh, Madhya Pradesh, Rajasthan, and Punjab. Moreover, the company plans to expand its micro-distribution network to reach customers in Tier II and Tier III cities.
“We are building a strong distribution network through a hub and spoke model, building a closed-loop supply chain across battery deployment, buyback, refurbishment, and second-life applications. We are currently working in the e-rickshaw segment, which itself is a large market estimated at around 50 lakh vehicles. We will ramp up our presence in this segment,” Biswas said.
“We also see a huge opportunity in the L5 E-auto, BESS, and second-life products. We already have an existing distribution network, and we are generating substantial demand for new lithium-ion batteries.”
Pointo also plans to use batteries collected during replacements as a source of materials for second-life applications and battery mineral recovery. For instance, the company intends to repurpose end-of-life batteries into products with lower power requirements, such as home inverters, and resell them. Consequently, this strategy could generate additional revenue while supporting a circular battery supply chain.
The startup currently operates a 20,000-square-foot research and development (R&D) and refurbishment centre. With an established customer base and growing demand, Pointo now plans to develop an automated, large-scale refurbishment facility to increase its processing capacity.
“We have a 20,000 sq ft R&D and refurbishment centre, and with a ready customer base, our next phase is to build an automated, large-scale refurbishment unit. We are in active discussion with investors to raise close to ₹70-100 crore to build the refurbishment unit and expand the ground network,” Biswas said.
