UrjaMobility operates a pay-per-use, per-kilometre EV battery leasing model serving B2B and retail customers. The company manages battery deployment and energy capacity, currently at 45 MWh per day with plans to scale to 300 MWh per day. It will use recent funding to scale operations and extend its leasing model across its e-mobility segment. UrjaMobility plans to expand its retail footprint by opening new urban centres, especially in Tier II and Tier III cities. The company highlights supply chain capability and sustainability as core strengths in supporting India’s clean-energy transition. Founder and CEO Pankaj Chopra described the round as a major milestone to make e-mobility more accessible.

Total raised

$12M

Funding rounds

2

Latest round

Series A

Latest activity

Oct 2024