BillionElectric, a E-Mobility as a Service (eMaaS) platform, recently announced its foray into the Indian market, securing USD 10 million in a seed round of equity and asset lease funding. The fund will be used for the deployment of electric tarmac buses at the Bengaluru international airport and for the development of a mid-mile heavy EV trucks platform, the company said.
BillionElectric has inked a contract to expand its services to 10 additional airports across India, following the initial launch in Bengaluru in collaboration with Veera Vahana. The company will provide a wide range of services, including electric vehicles and charging infrastructure in collaboration with CHARGE+ZONE, and an integrated E-Mobility platform, ensuring seamless operations. The platform will also support commercial electric vehicles, facilitating zero emissions and efficient transportation of goods for large corporations.
Kartikey Hariyani, Co-founder, Chief Platform Architect, BillionElectric, said, “We are thrilled to announce the launch of BillionElectric, our revolutionary E-Mobility as a Service platform, accompanied by the successful completion of our seed funding round. Over the last 2 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. As we embark on this transformative journey, it is worth noting that the e-mobiltiy industry is estimated to reach USD 6 billion by 2024.”
Mustafa Wajid, Co-founder, Chief Advisor- Business & Strategy, BillionElectric, said, “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 to a greener, more sustainable future with a mission to deliver one billion clean energy miles a year.”
