Bijliride, a rapidly expanding EV rental and mobility-tech startup, has invested ₹2.1 crore over the past six months to fuel its next growth phase. The funds, raised in January 2025 from High Net-Worth Individual (HNI) investors, are being used for fleet expansion, technology enhancements, and team development. This investment is already driving progress by helping Bijliride scale its services, enhance customer experience, and strengthen its foundation for sustainable growth. The January 2025 funding round valued the company at ₹21 crore (post-money).
Leveraging these investments, Bijliride is on track to achieve 3X growth in fleet size and revenues during the current fiscal year, with an expansion roadmap covering key Tier-1 cities including Hyderabad, Bengaluru, Delhi, Mumbai, and Chennai. Additionally, the company has been enhancing its enterprise-focused fleet management offerings, catering to logistics, e-commerce, and last-mile delivery sectors with reliable, cost-effective EV solutions.
Since its inception, Bijliride has recorded robust traction, with 25% month-on-month growth, offering flexible rental options, 24/7 battery swapping, on-road breakdown support, and fleet leasing solutions for businesses. With sustainability as its core mission, the company is positioning itself as a key enabler of India’s clean mobility transition.
Looking ahead, Bijliride is preparing for a USD 2–3 million (₹16–24 crore) follow-on round to expand its EV fleet to over 10,000 vehicles and extend operations to more than 10 cities nationwide.
Commenting on the progress, Shivam Sisodiya, Co-Founder and CEO of Bijliride, said: “The capital we raised earlier this year has been instrumental in fuelling our growth over the past six months. We have strengthened our fleet, scaled our technology, and expanded our team to serve both individual and enterprise customers more effectively. Each milestone brings us closer to our vision of building a greener, smarter, and more sustainable mobility ecosystem for India.”
With smart capital deployment, investor confidence, and a technology-first approach, Bijliride is well-positioned to become a leader in India’s EV rental market and power the country’s transition towards cleaner, more efficient urban transportation.
