In Short : VoltUp has secured $18 million in funding to expand its battery swapping infrastructure and Mobility-as-a-Service (MaaS) solutions in India. The investment will accelerate network expansion, enhance EV adoption, and support sustainable urban mobility. With this boost, VoltUp aims to strengthen its role in India’s clean energy transition and EV ecosystem development.
In Detail : VoltUp has raised $18 million through equity and debt funding. Led by EM Impact Capital, this funding will drive VoltUp’s mission to expand battery-swapping networks and boost EV adoption across India.
Faster, smarter EV solutions
VoltUp’s battery-swapping technology allows riders of electric two- and three-wheelers to replace drained batteries in under a minute at strategically located stations. This innovation reduces vehicle downtime and enhances operational efficiency, especially for last-mile deliveries.
Over the past year, VoltUp has quadrupled its revenue and plans to deploy 1,000 new swapping stations in 20 cities, supporting a growing base of EV users.
A push towards sustainable mobility
With the latest investment, VoltUp aims to invest $85 million in assets, including batteries and swapping stations, over the next two years. This expansion aligns with EM Impact Capital’s commitment to sustainable growth, empowering India’s transition to cleaner transportation.
“Our funding milestone represents a leap in making battery swapping as simple as traditional refuelling,” said Siddharth Kabra, Founder & CEO of VoltUp.
VoltUp’s efforts highlight India’s shift towards sustainable, electric urban transport, delivering a seamless, eco-friendly user experience.
