diff --git a/litellm/caching.py b/litellm/caching.py
index 6bf645f77b..f569a05087 100644
--- a/litellm/caching.py
+++ b/litellm/caching.py
@@ -81,9 +81,29 @@ class InMemoryCache(BaseCache):
             return cached_response
         return None
 
+    def batch_get_cache(self, keys: list, **kwargs):
+        return_val = []
+        for k in keys:
+            val = self.get_cache(key=k, **kwargs)
+            return_val.append(val)
+        return return_val
+
     async def async_get_cache(self, key, **kwargs):
         return self.get_cache(key=key, **kwargs)
 
+    async def async_batch_get_cache(self, keys: list, **kwargs):
+        return_val = []
+        for k in keys:
+            val = self.get_cache(key=k, **kwargs)
+            return_val.append(val)
+        return return_val
+
+    async def async_increment(self, key, value: int, **kwargs):
+        # get the value
+        init_value = await self.async_get_cache(key=key) or 0
+        value = init_value + value
+        await self.async_set_cache(key, value, **kwargs)
+
     def flush_cache(self):
         self.cache_dict.clear()
         self.ttl_dict.clear()
@@ -246,6 +266,19 @@ class RedisCache(BaseCache):
         if len(self.redis_batch_writing_buffer) >= self.redis_flush_size:
             await self.flush_cache_buffer()
 
+    async def async_increment(self, key, value: int, **kwargs):
+        _redis_client = self.init_async_client()
+        try:
+            async with _redis_client as redis_client:
+                await redis_client.incr(name=key, amount=value)
+        except Exception as e:
+            verbose_logger.error(
+                "LiteLLM Redis Caching: async async_increment() - Got exception from REDIS %s, Writing value=%s",
+                str(e),
+                value,
+            )
+            traceback.print_exc()
+
     async def flush_cache_buffer(self):
         print_verbose(
             f"flushing to redis....reached size of buffer {len(self.redis_batch_writing_buffer)}"
@@ -283,6 +316,32 @@ class RedisCache(BaseCache):
             traceback.print_exc()
             logging.debug("LiteLLM Caching: get() - Got exception from REDIS: ", e)
 
+    def batch_get_cache(self, key_list) -> dict:
+        """
+        Use Redis for bulk read operations
+        """
+        key_value_dict = {}
+        try:
+            _keys = []
+            for cache_key in key_list:
+                cache_key = self.check_and_fix_namespace(key=cache_key)
+                _keys.append(cache_key)
+            results = self.redis_client.mget(keys=_keys)
+
+            # Associate the results back with their keys.
+            # 'results' is a list of values corresponding to the order of keys in 'key_list'.
+            key_value_dict = dict(zip(key_list, results))
+
+            decoded_results = {
+                k.decode("utf-8"): self._get_cache_logic(v)
+                for k, v in key_value_dict.items()
+            }
+
+            return decoded_results
+        except Exception as e:
+            print_verbose(f"Error occurred in pipeline read - {str(e)}")
+            return key_value_dict
+
     async def async_get_cache(self, key, **kwargs):
         _redis_client = self.init_async_client()
         key = self.check_and_fix_namespace(key=key)
@@ -301,7 +360,7 @@ class RedisCache(BaseCache):
                     f"LiteLLM Caching: async get() - Got exception from REDIS: {str(e)}"
                 )
 
-    async def async_get_cache_pipeline(self, key_list) -> dict:
+    async def async_batch_get_cache(self, key_list) -> dict:
         """
         Use Redis for bulk read operations
         """
@@ -309,14 +368,11 @@ class RedisCache(BaseCache):
         key_value_dict = {}
         try:
             async with _redis_client as redis_client:
-                async with redis_client.pipeline(transaction=True) as pipe:
-                    # Queue the get operations in the pipeline for all keys.
-                    for cache_key in key_list:
-                        cache_key = self.check_and_fix_namespace(key=cache_key)
-                        pipe.get(cache_key)  # Queue GET command in pipeline
-
-                    # Execute the pipeline and await the results.
-                    results = await pipe.execute()
+                _keys = []
+                for cache_key in key_list:
+                    cache_key = self.check_and_fix_namespace(key=cache_key)
+                    _keys.append(cache_key)
+                results = await redis_client.mget(keys=_keys)
 
             # Associate the results back with their keys.
             # 'results' is a list of values corresponding to the order of keys in 'key_list'.
@@ -897,6 +953,39 @@ class DualCache(BaseCache):
         except Exception as e:
             traceback.print_exc()
 
+    def batch_get_cache(self, keys: list, local_only: bool = False, **kwargs):
+        try:
+            result = [None for _ in range(len(keys))]
+            if self.in_memory_cache is not None:
+                in_memory_result = self.in_memory_cache.batch_get_cache(keys, **kwargs)
+
+                print_verbose(f"in_memory_result: {in_memory_result}")
+                if in_memory_result is not None:
+                    result = in_memory_result
+
+            if None in result and self.redis_cache is not None and local_only == False:
+                """
+                - for the none values in the result
+                - check the redis cache
+                """
+                sublist_keys = [
+                    key for key, value in zip(keys, result) if value is None
+                ]
+                # If not found in in-memory cache, try fetching from Redis
+                redis_result = self.redis_cache.batch_get_cache(sublist_keys, **kwargs)
+                if redis_result is not None:
+                    # Update in-memory cache with the value from Redis
+                    for key in redis_result:
+                        self.in_memory_cache.set_cache(key, redis_result[key], **kwargs)
+
+                for key, value in redis_result.items():
+                    result[sublist_keys.index(key)] = value
+
+            print_verbose(f"async batch get cache: cache result: {result}")
+            return result
+        except Exception as e:
+            traceback.print_exc()
+
     async def async_get_cache(self, key, local_only: bool = False, **kwargs):
         # Try to fetch from in-memory cache first
         try:
@@ -930,6 +1019,50 @@ class DualCache(BaseCache):
         except Exception as e:
             traceback.print_exc()
 
+    async def async_batch_get_cache(
+        self, keys: list, local_only: bool = False, **kwargs
+    ):
+        try:
+            result = [None for _ in range(len(keys))]
+            if self.in_memory_cache is not None:
+                in_memory_result = await self.in_memory_cache.async_batch_get_cache(
+                    keys, **kwargs
+                )
+
+                print_verbose(f"in_memory_result: {in_memory_result}")
+                if in_memory_result is not None:
+                    result = in_memory_result
+
+            if None in result and self.redis_cache is not None and local_only == False:
+                """
+                - for the none values in the result
+                - check the redis cache
+                """
+                sublist_keys = [
+                    key for key, value in zip(keys, result) if value is None
+                ]
+                # If not found in in-memory cache, try fetching from Redis
+                redis_result = await self.redis_cache.async_batch_get_cache(
+                    sublist_keys, **kwargs
+                )
+
+                if redis_result is not None:
+                    # Update in-memory cache with the value from Redis
+                    for key in redis_result:
+                        await self.in_memory_cache.async_set_cache(
+                            key, redis_result[key], **kwargs
+                        )
+
+                sublist_dict = dict(zip(sublist_keys, redis_result))
+
+                for key, value in sublist_dict.items():
+                    result[sublist_keys.index(key)] = value[key]
+
+            print_verbose(f"async batch get cache: cache result: {result}")
+            return result
+        except Exception as e:
+            traceback.print_exc()
+
     async def async_set_cache(self, key, value, local_only: bool = False, **kwargs):
         try:
             if self.in_memory_cache is not None:
@@ -941,6 +1074,24 @@ class DualCache(BaseCache):
             print_verbose(f"LiteLLM Cache: Excepton async add_cache: {str(e)}")
             traceback.print_exc()
 
+    async def async_increment_cache(
+        self, key, value: int, local_only: bool = False, **kwargs
+    ):
+        """
+        Key - the key in cache
+
+        Value - int - the value you want to increment by
+        """
+        try:
+            if self.in_memory_cache is not None:
+                await self.in_memory_cache.async_increment(key, value, **kwargs)
+
+            if self.redis_cache is not None and local_only == False:
+                await self.redis_cache.async_increment(key, value, **kwargs)
+        except Exception as e:
+            print_verbose(f"LiteLLM Cache: Excepton async add_cache: {str(e)}")
+            traceback.print_exc()
+
     def flush_cache(self):
         if self.in_memory_cache is not None:
             self.in_memory_cache.flush_cache()
diff --git a/litellm/proxy/_new_secret_config.yaml b/litellm/proxy/_new_secret_config.yaml
index ce6d543727..f2298ac7bb 100644
--- a/litellm/proxy/_new_secret_config.yaml
+++ b/litellm/proxy/_new_secret_config.yaml
@@ -28,7 +28,7 @@ litellm_settings:
     max_budget: os.environ/LITELLM_UPPERBOUND_KEYS_MAX_BUDGET
 
 router_settings:
-  routing_strategy: usage-based-routing
+  routing_strategy: usage-based-routing-v2
   redis_host: redis-16337.c322.us-east-1-2.ec2.cloud.redislabs.com
   redis_password: madeBerri@992
   redis_port: 16337
diff --git a/litellm/proxy/hooks/batch_redis_get.py b/litellm/proxy/hooks/batch_redis_get.py
index 71588c9d40..64541c1bff 100644
--- a/litellm/proxy/hooks/batch_redis_get.py
+++ b/litellm/proxy/hooks/batch_redis_get.py
@@ -79,7 +79,7 @@ class _PROXY_BatchRedisRequests(CustomLogger):
                     self.print_verbose(f"redis keys: {keys}")
                     if len(keys) > 0:
                         key_value_dict = (
-                            await litellm.cache.cache.async_get_cache_pipeline(
+                            await litellm.cache.cache.async_batch_get_cache(
                                 key_list=keys
                             )
                         )
diff --git a/litellm/router.py b/litellm/router.py
index 78f7faeec1..c6ac52bc8c 100644
--- a/litellm/router.py
+++ b/litellm/router.py
@@ -21,6 +21,7 @@ from collections import defaultdict
 from litellm.router_strategy.least_busy import LeastBusyLoggingHandler
 from litellm.router_strategy.lowest_tpm_rpm import LowestTPMLoggingHandler
 from litellm.router_strategy.lowest_latency import LowestLatencyLoggingHandler
+from litellm.router_strategy.lowest_tpm_rpm_v2 import LowestTPMLoggingHandler_v2
 from litellm.llms.custom_httpx.azure_dall_e_2 import (
     CustomHTTPTransport,
     AsyncCustomHTTPTransport,
@@ -273,6 +274,12 @@ class Router:
             )
             if isinstance(litellm.callbacks, list):
                 litellm.callbacks.append(self.lowesttpm_logger)  # type: ignore
+        elif routing_strategy == "usage-based-routing-v2":
+            self.lowesttpm_logger_v2 = LowestTPMLoggingHandler_v2(
+                router_cache=self.cache, model_list=self.model_list
+            )
+            if isinstance(litellm.callbacks, list):
+                litellm.callbacks.append(self.lowesttpm_logger_v2)  # type: ignore
         elif routing_strategy == "latency-based-routing":
             self.lowestlatency_logger = LowestLatencyLoggingHandler(
                 router_cache=self.cache,
@@ -2506,7 +2513,16 @@ class Router:
                 messages=messages,
                 input=input,
             )
-
+        elif (
+            self.routing_strategy == "usage-based-routing-v2"
+            and self.lowesttpm_logger_v2 is not None
+        ):
+            deployment = self.lowesttpm_logger_v2.get_available_deployments(
+                model_group=model,
+                healthy_deployments=healthy_deployments,
+                messages=messages,
+                input=input,
+            )
         if deployment is None:
             verbose_router_logger.info(
                 f"get_available_deployment for model: {model}, No deployment available"
diff --git a/litellm/router_strategy/lowest_tpm_rpm_v2.py b/litellm/router_strategy/lowest_tpm_rpm_v2.py
new file mode 100644
index 0000000000..991fd57c14
--- /dev/null
+++ b/litellm/router_strategy/lowest_tpm_rpm_v2.py
@@ -0,0 +1,258 @@
+#### What this does ####
+#   identifies lowest tpm deployment
+
+import dotenv, os, requests, random
+from typing import Optional, Union, List, Dict
+from datetime import datetime
+
+dotenv.load_dotenv()  # Loading env variables using dotenv
+import traceback, asyncio
+from litellm import token_counter
+from litellm.caching import DualCache
+from litellm.integrations.custom_logger import CustomLogger
+from litellm._logging import verbose_router_logger
+from litellm.utils import print_verbose
+
+
+class LowestTPMLoggingHandler_v2(CustomLogger):
+    """
+    Updated version of TPM/RPM Logging.
+
+    Meant to work across instances.
+
+    Caches individual models, not model_groups
+
+    Uses batch get (redis.mget)
+
+    Increments tpm/rpm limit using redis.incr
+    """
+
+    test_flag: bool = False
+    logged_success: int = 0
+    logged_failure: int = 0
+    default_cache_time_seconds: int = 1 * 60 * 60  # 1 hour
+
+    def __init__(self, router_cache: DualCache, model_list: list):
+        self.router_cache = router_cache
+        self.model_list = model_list
+
+    def log_success_event(self, kwargs, response_obj, start_time, end_time):
+        try:
+            """
+            Update TPM/RPM usage on success
+            """
+            if kwargs["litellm_params"].get("metadata") is None:
+                pass
+            else:
+                model_group = kwargs["litellm_params"]["metadata"].get(
+                    "model_group", None
+                )
+
+                id = kwargs["litellm_params"].get("model_info", {}).get("id", None)
+                if model_group is None or id is None:
+                    return
+                elif isinstance(id, int):
+                    id = str(id)
+
+                total_tokens = response_obj["usage"]["total_tokens"]
+
+                # ------------
+                # Setup values
+                # ------------
+                current_minute = datetime.now().strftime("%H-%M")
+                tpm_key = f"{model_group}:tpm:{current_minute}"
+                rpm_key = f"{model_group}:rpm:{current_minute}"
+
+                # ------------
+                # Update usage
+                # ------------
+
+                ## TPM
+                request_count_dict = self.router_cache.get_cache(key=tpm_key) or {}
+                request_count_dict[id] = request_count_dict.get(id, 0) + total_tokens
+
+                self.router_cache.set_cache(key=tpm_key, value=request_count_dict)
+
+                ## RPM
+                request_count_dict = self.router_cache.get_cache(key=rpm_key) or {}
+                request_count_dict[id] = request_count_dict.get(id, 0) + 1
+
+                self.router_cache.set_cache(key=rpm_key, value=request_count_dict)
+
+                ### TESTING ###
+                if self.test_flag:
+                    self.logged_success += 1
+        except Exception as e:
+            traceback.print_exc()
+            pass
+
+    async def async_log_success_event(self, kwargs, response_obj, start_time, end_time):
+        try:
+            """
+            Update TPM/RPM usage on success
+            """
+            if kwargs["litellm_params"].get("metadata") is None:
+                pass
+            else:
+                model_group = kwargs["litellm_params"]["metadata"].get(
+                    "model_group", None
+                )
+
+                id = kwargs["litellm_params"].get("model_info", {}).get("id", None)
+                if model_group is None or id is None:
+                    return
+                elif isinstance(id, int):
+                    id = str(id)
+
+                total_tokens = response_obj["usage"]["total_tokens"]
+
+                # ------------
+                # Setup values
+                # ------------
+                current_minute = datetime.now().strftime("%H-%M")
+
+                tpm_key = f"{id}:tpm:{current_minute}"
+                rpm_key = f"{id}:rpm:{current_minute}"
+
+                # ------------
+                # Update usage
+                # ------------
+                # update cache
+
+                ## TPM
+                await self.router_cache.async_increment_cache(
+                    key=tpm_key, value=total_tokens
+                )
+                ## RPM
+                await self.router_cache.async_increment_cache(key=rpm_key, value=1)
+
+                ### TESTING ###
+                if self.test_flag:
+                    self.logged_success += 1
+        except Exception as e:
+            traceback.print_exc()
+            pass
+
+    async def async_get_available_deployments(
+        self,
+        model_group: str,
+        healthy_deployments: list,
+        messages: Optional[List[Dict[str, str]]] = None,
+        input: Optional[Union[str, List]] = None,
+    ):
+        """
+        Async implementation of get deployments.
+
+        Reduces time to retrieve the tpm/rpm values from cache
+        """
+        pass
+
+    def get_available_deployments(
+        self,
+        model_group: str,
+        healthy_deployments: list,
+        messages: Optional[List[Dict[str, str]]] = None,
+        input: Optional[Union[str, List]] = None,
+    ):
+        """
+        Returns a deployment with the lowest TPM/RPM usage.
+        """
+        # get list of potential deployments
+        verbose_router_logger.debug(
+            f"get_available_deployments - Usage Based. model_group: {model_group}, healthy_deployments: {healthy_deployments}"
+        )
+
+        current_minute = datetime.now().strftime("%H-%M")
+        tpm_keys = []
+        rpm_keys = []
+        for m in healthy_deployments:
+            if isinstance(m, dict):
+                id = m.get("model_info", {}).get(
+                    "id"
+                )  # a deployment should always have an 'id'. this is set in router.py
+                tpm_key = "{}:tpm:{}".format(id, current_minute)
+                rpm_key = "{}:rpm:{}".format(id, current_minute)
+
+                tpm_keys.append(tpm_key)
+                rpm_keys.append(rpm_key)
+
+        tpm_values = self.router_cache.batch_get_cache(
+            keys=tpm_keys
+        )  # [1, 2, None, ..]
+        rpm_values = self.router_cache.batch_get_cache(
+            keys=rpm_keys
+        )  # [1, 2, None, ..]
+
+        tpm_dict = {}  # {model_id: 1, ..}
+        for idx, key in enumerate(tpm_keys):
+            tpm_dict[tpm_keys[idx]] = tpm_values[idx]
+
+        rpm_dict = {}  # {model_id: 1, ..}
+        for idx, key in enumerate(rpm_keys):
+            rpm_dict[rpm_keys[idx]] = rpm_values[idx]
+
+        try:
+            input_tokens = token_counter(messages=messages, text=input)
+        except:
+            input_tokens = 0
+        verbose_router_logger.debug(f"input_tokens={input_tokens}")
+        # -----------------------
+        # Find lowest used model
+        # ----------------------
+        lowest_tpm = float("inf")
+
+        if tpm_dict is None:  # base case - none of the deployments have been used
+            # initialize a tpm dict with {model_id: 0}
+            tpm_dict = {}
+            for deployment in healthy_deployments:
+                tpm_dict[deployment["model_info"]["id"]] = 0
+        else:
+            for d in healthy_deployments:
+                ## if healthy deployment not yet used
+                if d["model_info"]["id"] not in tpm_dict:
+                    tpm_dict[d["model_info"]["id"]] = 0
+
+        all_deployments = tpm_dict
+
+        deployment = None
+        for item, item_tpm in all_deployments.items():
+            ## get the item from model list
+            _deployment = None
+            for m in healthy_deployments:
+                if item == m["model_info"]["id"]:
+                    _deployment = m
+
+            if _deployment is None:
+                continue  # skip to next one
+
+            _deployment_tpm = None
+            if _deployment_tpm is None:
+                _deployment_tpm = _deployment.get("tpm")
+            if _deployment_tpm is None:
+                _deployment_tpm = _deployment.get("litellm_params", {}).get("tpm")
+            if _deployment_tpm is None:
+                _deployment_tpm = _deployment.get("model_info", {}).get("tpm")
+            if _deployment_tpm is None:
+                _deployment_tpm = float("inf")
+
+            _deployment_rpm = None
+            if _deployment_rpm is None:
+                _deployment_rpm = _deployment.get("rpm")
+            if _deployment_rpm is None:
+                _deployment_rpm = _deployment.get("litellm_params", {}).get("rpm")
+            if _deployment_rpm is None:
+                _deployment_rpm = _deployment.get("model_info", {}).get("rpm")
+            if _deployment_rpm is None:
+                _deployment_rpm = float("inf")
+
+            if item_tpm + input_tokens > _deployment_tpm:
+                continue
+            elif (rpm_dict is not None and item in rpm_dict) and (
+                rpm_dict[item] + 1 > _deployment_rpm
+            ):
+                continue
+            elif item_tpm < lowest_tpm:
+                lowest_tpm = item_tpm
+                deployment = _deployment
+        print_verbose("returning picked lowest tpm/rpm deployment.")
+        return deployment