Battery Smart is preparing to file draft papers with Sebi for an initial public offering. The company targets substantial annual growth over the next five years. It currently operates over 1,500 swapping stations across more than 75 cities. Battery Smart's revenue saw a significant increase in the last fiscal year. The battery-swapping market is projected for strong expansion in India.

According to the people familiar with the development, Battery Smart is targeting annual growth of 70-80% over the next three to five years, driven by deeper penetration in…

Battery Smart is preparing to file draft papers with Sebi for an initial public offering. The company targets substantial annual growth over the next five years. It currently…