BillionE Mobility raises US$25 million in growth capital

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.”