E-mobility startup BillionElectric raises $10M in a seed round

Gujarat-based BillionElectric providing e-mobility as a service platform has raised $10 million or around Rs 82 crore in a seed round and asset lease funding led by HNIs and family offices.

The startup will use the raised capital for its electric tarmac buses at Bengaluru international airport and will focus on developing a mid-mile heavy EV truck platform, the startup said.

It will also focus on expanding its business operations, which includes a contract to increase services to 10 more airports across the country following the initial launch in Bengaluru in collaboration with Veera Vahana. Additionally, The platform will extend its support to commercial electric vehicles, facilitating zero emissions driven and efficient transportation of goods for large corporations, it added.

Founded in 2019 by Kartikey Hariyani and Mustafa Wajid, BillionElectric said it is working on providing services such as electric vehicles, charging infrastructure in collaboration with CHARGE+ZONE, and an integrated e-mobility platform to its customers.

“Over the last two years of product development and software innovation, this is our significant investment as it serves as a powerful catalyst in our mission to reshape the transportation landscape and offer cutting-edge, cost-effective, and sustainable mobility solutions to businesses and individuals alike,” said Kartikey Hariyani, Co-Founder, Chief Platform Architect, BillionElectric.

“At BillionElectric, we are committed to spearheading this paradigm shift from molecules to electrons and thereby empowering intercity logistic companies to thrive in this evolving landscape by embracing our e-MaaS platform. Together, we can accelerate the transition towards a greener, more sustainable future with a mission to deliver One Billion clean energy miles per year,” said Mustafa Wajid, who is also the chief advisor for business and strategy of BillionElectric.

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