Greater Noida: BillionElectric Mobility (BillionE), India’s pioneering E-Mobility-as-a-Service (eMaaS) platform for electric truck transportation with a vision of decarbonization of mid-mile and long-haul trucking routes, has raised US$25 million in a growth capital round, comprising a mix of equity and debt. The funding round was backed by a consortium of ultra-high-net-worth individuals and family offices, along with participation from established financial institutions and public sector banks, including State Bank of India (SBI) among others.
This fundraise marks a pivotal milestone for BillionE Mobility as the company transitions from early-stage deployments to scaled commercial operations in electric freight mobility. The funds will be deployed toward the phased rollout of electric trucks, associated infrastructure, and operational readiness required to support large-scale fleet deployments. A significant portion of the capital will support the planned deployment of 500+ electric trucks within the FY 2026-27 timeframe, alongside investments in fleet management systems, technology platforms, and ecosystem partnerships. BillionE Mobility currently has a pipeline of over 1500 electric trucks targeted over the next 2-3 years, aligned with customer demand and existing financing arrangements.
Commenting on the fundraise, Sanjeev Kulkarni, CEO, Co-Founder, BillionE Mobility, said, “This fundraise comes at a defining moment for electric commercial mobility in India. We are moving beyond pilots to scaled, real-world deployments where execution, reliability, and economics matter most. The capital will allow us to accelerate fleet expansion, strengthen operational readiness, and deepen partnerships with customers committed to decarbonising their logistics. Our vision is to make electric trucking a mainstream, dependable, and commercially viable choice for India’s freight ecosystem.”
Kartikey Hariyani, Founder & Chief Platform Architect, BillionE Platform, comprising ChargeZone & BIllion Electric, added, “I am personally indebted and grateful to our existing and new shareholders backing our vision of an Energy Transition platform enabled by electric mobility in commercial segments. Currently we are on a growth path of 120% on YoY basis and would like to maintain this momentum in coming months and years. Fortunately, EV trucking has achieved the total cost of ownership (TCO) at par with diesel on specific routes and use cases, especially 19T and 55T category, and this is indeed a huge boost”.
The expanded fleet will primarily serve commercial and industrial logistics use cases, including cement, automotive, third-party logistics (3PL), metals, FMCG, chemicals, e-commerce, pharmaceuticals, and minerals. These sectors represent high-impact opportunities for electrification due to predictable routes, high utilisation levels, and increasing sustainability commitments from large enterprises. The fresh investment will provide the foundation to accelerate execution, deepen customer partnerships, and advance the company’s ambition to capture a meaningful share of India’s commercial EV market over the medium term.
BillionE Mobility is pursuing a pan-India expansion strategy, with deployments planned across key industrial clusters and freight corridors. These corridors are being progressively electrified by its group-affiliated company CHARGE ZONE, one of India’s largest EV charging networks, enabling integrated and reliable charging access for commercial electric fleets. The company’s focus remains on regions where electrification can deliver immediate operational efficiencies and measurable environmental benefits at scale.
As the electric fleet expands, BillionE Mobility expects to deliver significant reductions in tailpipe emissions, contributing to lower carbon intensity across freight and industrial logistics.
