BillionE Mobility $25 Million Electric Truck Funding in India

BillionE Mobility $25 million electric truck funding in India marked a major step in scaling zero-emission freight transport across the country’s industrial corridors. The growth capital, raised through a blend of equity and debt, will strengthen the company’s electric truck deployment, digital fleet tools, and charging-led logistics backbone.
BillionE Mobility secured this funding from a mix of ultra-high-net-worth individuals, family offices, and financial institutions, including the State Bank of India. The capital will directly support the rollout of more than 500 electric trucks during the 2026–27 financial year, alongside investments in fleet management systems and core technology infrastructure.
How BillionE Mobility $25 Million Electric Truck Funding in India Will Be Used
The funding will accelerate the company’s move from pilot projects to full-scale commercial operations. The main allocation areas include:

• Deployment of over 500 electric trucks in FY 2026–27

• Expansion of fleet management and telematics platforms

• Integration of charging and route-planning technology

• Strengthening operational readiness for high-volume logistics

BillionE Mobility operates as an E-Mobility-as-a-Service platform focused on reducing emissions from mid-mile and long-haul freight. Over the next two to three years, the company plans to deploy more than 1,500 electric trucks, subject to customer demand and financing structures.
Leadership on Scaling Electric Freight
Sanjeev Kulkarni, CEO and co-founder of BillionE Mobility, highlighted that the company is moving beyond trial phases into large-scale execution. According to him, the new capital will accelerate fleet growth, enhance reliability, and support long-term partnerships with customers focused on decarbonizing their logistics operations.
Kartikey Hariyani, founder and chief platform architect of the BillionE platform that includes ChargeZone and Billion Electric, said the business is seeing 120 percent year-on-year growth. He also noted that 19-tonne and 55-tonne electric trucks have reached total cost of ownership parity with diesel vehicles on select routes.
Industries and Routes Targeted by BillionE Mobility
The expanding electric fleet will support industries that rely on predictable, high-utilization freight movement, including:

• Cement and metals

• Automotive and third-party logistics

• Fast-moving consumer goods and e-commerce

• Chemicals, pharmaceuticals, and minerals

These sectors are well suited for electrification due to fixed routes, high daily mileage, and centralized loading hubs that make charging infrastructure more efficient.
Charging Infrastructure and Corridor Strategy
BillionE Mobility’s rollout is aligned with India’s major industrial clusters and freight corridors. Its group-affiliated charging company, ChargeZone, is developing large-scale EV charging infrastructure along these routes to ensure reliable operations for heavy-duty electric trucks.
By combining electric vehicles, charging networks, and fleet management technology, the company aims to create an integrated platform for zero-emission commercial transport. The growing fleet is expected to significantly reduce tailpipe emissions and lower the carbon footprint of industrial and freight logistics across India.