The series connected battery cells are mainly used in high voltage battery pack application. However parameter inequality of each battery cell makes battery voltage imbalance problem. In this paper, a new balancing circuit utilizing converter scheme for the series connected battery cells is proposed. Proposed circuit offers easy control and fast equalization time. Moreover the circuit can be used in a practical application because it has high modularity and can operate during the charging/discharging cycle. To show its superiorness and effectiveness, the principle of proposed circuit is explained with computer simulation and experiment is carried out using lithium-ion battery.