Chargeup raised $7 million in its Pre-Series A1 led by Capital A and Anicut Capital

November 17, 2022

, By Sarika Parmar

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Chargeup, which offers battery-as-a-service solutions (BaaS) across the NCR region, raised $7 million in a mix of debt and equity in its Pre-Series A1 led by existing investors Capital A and Anicut Capital where marquee investors including TV show producer Ekta Kapoor, angel investor Sunil Kalra, Mastercard’s Sachin Mehra and debt investor Jiraaf also participated.

Chargeup currently operates 200+ swap stations in the Delhi-NCR region, clocking 1 Lakh+ battery swaps per month from 2K+ drivers. According to a statement from Chargeup, the round will help the company expand its services to 20 new cities and power more than 50K drivers. It has already formed alliances with significant OEMs and e-commerce firms to help them use EVs to reduce the cost of deliveries. In order to reach 1 Mn+ EV drivers by 2027, Chargeup also plans to strengthen its platform and technological foundation.

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Chargeup raised $7 million in its Pre-Series A1 led by Capital A and Anicut Capital

November 17, 2022

, By Sarika Parmar

Chargeup, which offers battery-as-a-service solutions (BaaS) across the NCR region, raised $7 million in a mix of debt and equity in its Pre-Series A1 led by existing investors Capital A and Anicut Capital where marquee investors including TV show producer Ekta Kapoor, angel investor Sunil Kalra, Mastercard’s Sachin Mehra and debt investor Jiraaf also participated.

Chargeup currently operates 200+ swap stations in the Delhi-NCR region, clocking 1 Lakh+ battery swaps per month from 2K+ drivers. According to a statement from Chargeup, the round will help the company expand its services to 20 new cities and power more than 50K drivers. It has already formed alliances with significant OEMs and e-commerce firms to help them use EVs to reduce the cost of deliveries. In order to reach 1 Mn+ EV drivers by 2027, Chargeup also plans to strengthen its platform and technological foundation.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Cityfurnish raised $2.5 million in its follow-on Series A led by Northern Arc Capital

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Ms. Holmes to face a maximum of 20 years in prison

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