BillionElectric Mobility (BillionE), India’s E-Mobility-as-a-Service platform focused on decarbonising mid-mile and long-haul freight movement, has raised $25 million in a growth capital round comprising a mix of equity and debt. The funding was backed by a consortium of ultra-high-net-worth individuals and family offices, with participation from established financial institutions and public sector banks, including State Bank of India.
The fundraise marks a key inflection point for BillionE Mobility as it moves from early deployments to scaled commercial operations in electric freight mobility. The capital will be used to support the phased rollout of electric trucks, associated infrastructure and operational capabilities required for large-scale fleet deployments. A significant portion of the funds will go towards deploying over 500 electric trucks during FY 2026–27, along with investments in fleet management systems, technology platforms and ecosystem partnerships. The company currently has a pipeline of more than 1,500 electric trucks planned over the next two to three years, aligned with customer demand and existing financing arrangements.
Commenting on the development, Mr. Sanjeev Kulkarni, CEO and Co-Founder, BillionE Mobility, said the fundraise comes at a defining moment for electric commercial mobility in India, as the sector moves beyond pilots to real-world, scalable deployments. He noted that the fresh capital would help accelerate fleet expansion, strengthen operational readiness and deepen partnerships with customers focused on decarbonising their logistics operations.
Mr. Kartikey Hariyani, Founder and Chief Platform Architect of the BillionE Platform, comprising ChargeZone and Billion Electric, said the company is witnessing strong momentum with year-on-year growth of around 120 percent. He added that electric trucking has achieved total cost of ownership parity with diesel on select routes and use cases, particularly in the 19-tonne and 55-tonne categories, providing a major boost to adoption.
The expanded electric fleet will cater to high-impact commercial and industrial logistics segments such as cement, automotive, third-party logistics, metals, FMCG, chemicals, e-commerce, pharmaceuticals and minerals. These sectors are seen as well-suited for electrification due to predictable routes, high vehicle utilisation and growing sustainability commitments from large enterprises.
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, enabling integrated and reliable charging access for commercial electric fleets. As its electric fleet scales up, BillionE Mobility expects to deliver meaningful reductions in tailpipe emissions, contributing to lower carbon intensity across India’s freight and industrial logistics ecosystem.
