Electric freight is rapidly becoming a cornerstone of India’s move toward sustainable, long-lasting transportation. BillionE Mobility, an Indian Electric Mobility-as-a-Service (eMaaS) platform, has taken a significant leap forward by securing $25 million in growth funding to expand its electric vehicle operations along key industrial corridors.
Funding Milestone: From Pilot to Scale
This funding round marks the end of BillionE Mobility’s pilot testing phase, paving the way for large-scale product deployment. This positions the company as a formidable contender in India’s swiftly evolving electric logistics ecosystem.
Funding Details and Supporters
- Total Amount Raised: $25 million
- Funding Structure: Combination of equity and debt
- Key Supporters:
- High-net-worth individuals
- Family offices
- State Bank of India (SBI) and other financial institutions
The funding will accelerate fleet growth, technological upgrades, and electric freight operations nationwide.
Deployment and Expansion Plans
Short-Term Deployment Goals
- Target: Over 500 electric trucks on the road by the end of FY 2026–27
- Focus: Middle- and last-mile cargo across busy industrial corridors
- Investment Areas:
- New electric trucks
- Fleet management systems
- Digital monitoring and analytics
- Charging and energy management solutions
Long-Term Vision
- Goal: More than 1,500 electric trucks within 2-3 years
- Expansion Driven By:
- Customer demand
- Availability of funds
- Focus on cost-effective and low-emission routes
This long-term plan highlights the company’s confidence in the potential of electric freight and growing industry acceptance.
Leadership Insights: Scaling Up Commercial Operations
CEO’s Perspective
Sanjeev Kulkarni, CEO and co-founder, emphasized the transition from controlled pilots to real-world operations, prioritizing uptime, dependability, and affordability. The new funds will:
- Accelerate fleet rollout
- Strengthen operational readiness
- Deepen customer relationships for low-carbon shipping
Platform Growth
Kartikey Hariyani, founder and principal platform architect, revealed that BillionE Mobility is growing at 120% annually. Importantly, the total cost of ownership for 19-tonne and 55-tonne electric trucks now rivals that of diesel trucks on certain routes—a major industry milestone.
Industries Benefiting from Electric Freight
BillionE’s expanding fleet will serve sectors requiring daily, high-volume vehicle use on fixed routes, including:
- Building materials and cement
- Automotive manufacturing
- Logistics providers
- Mining and metals
- E-commerce and FMCG
- Pharmaceuticals and chemicals
- Industrial minerals and goods
These industries are under increasing pressure to reduce carbon emissions, making electric freight both an environmental and business advantage.
Tackling the Charging Challenge: The Role of CHARGE ZONE
One major barrier to electric freight is charging infrastructure. BillionE Mobility addresses this through its group company, CHARGE ZONE:
- Network: One of India’s largest EV charging networks
- Focus: High-capacity stations along industrial routes
- Infrastructure: Dedicated facilities for electric trucks
The synergy between vehicles, charging stations, and software ensures reliable long-distance electric freight operations.
The Importance of Electric Freight for India
Environmental Benefits
- Zero tailpipe emissions
- Lower carbon intensity in freight
- Improved air quality in industrial areas
Economic Advantages
- Lower lifetime operating costs
- Reduced dependence on imported diesel
- Stable, predictable energy costs
Policy Alignment
- Supports India’s decarbonization goals
- Encourages domestic EV manufacturing
- Advances progress toward net-zero targets
The Integrated eMaaS Model
BillionE Mobility is more than a fleet operator—it is a comprehensive electric logistics platform. Key components include:
- Electric trucks
- CHARGE ZONE charging infrastructure
- Fleet and energy management software
This integrated eMaaS approach enhances customer value and accelerates the transition to zero-emission logistics.
Expert Opinion: Why This Funding Matters
From a business perspective, this funding round signals:
- Confidence in cost parity between electric and diesel trucks
- The scalability of electric freight operations
- Strong demand from business customers
- Increased credibility, with major banks like SBI backing the initiative
Conclusion
BillionE Mobility’s $25 million funding round marks a significant step for electric freight in India. With ambitious fleet expansion plans, proven cost competitiveness, and robust charging infrastructure, the company is well-positioned to lead the transformation toward sustainable, zero-emission logistics along India’s industrial corridors.
FAQs
$25 million via a mix of equity and debt.
Over 500 trucks targeted for operation by the end of FY 2026–27.
More than 1,500 electric trucks over the next 2-3 years.
Chemicals, metals, pharmaceuticals, cement, automotive, logistics, FMCG, and e-commerce.
Through CHARGE ZONE, its group company, building charging stations along key freight routes.Through CHARGE ZONE, its group company, building charging stations along key freight routes.