BillionE Mobility, an Indian electric transportation startup, has successfully raised $25 million in growth capital to accelerate the deployment of electric trucks and expand its operations across key industrial freight corridors in India. The funding round included a mix of equity and debt and was backed by a consortium of ultra-high-net-worth individuals, family offices and financial institutions, including participation from State Bank of India, the company confirmed on Tuesday.
The fresh capital marks a shift for BillionE from pilot-scale testing to large-scale commercial operations in the country’s freight mobility sector. The company plans to use the funds for phased fleet rollouts, enhanced fleet management systems, technology platforms and operational readiness to support rapid scaling in the coming year.
According to the company’s expansion plan, over 500 electric trucks are expected to be deployed during the 2026–27 financial year, with a longer-term pipeline that could see more than 1,500 vehicles entering service over the next two to three years, subject to customer demand and financing arrangements. These heavy-duty electric trucks will operate across sectors such as cement, automotive, third-party logistics, FMCG, chemicals, e-commerce, pharmaceuticals and mining.
BillionE operates on an Electric Mobility-as-a-Service (eMaaS) model, offering enterprises a way to transition to electric freight operations without direct purchase of vehicles. The platform bundles electric trucks with charging access, telematics, route planning and maintenance support, aiming to lower adoption barriers and increase cost predictability for logistics firms.
To support the growing electric fleet, the company’s affiliate CHARGE ZONE is expanding high-power charging infrastructure along major industrial corridors. This build-out is seen as essential to ensuring range confidence and operational reliability for electric trucks on long-haul and mid-mile freight routes.
Industry analysts say India’s push toward decarbonising freight transport and reducing diesel dependency has created favourable conditions for commercial EV adoption. With government policies and private investment aligning, companies like BillionE Mobility are positioned to help reduce emissions in one of the country’s most emissions-intensive transport segments.
