Follow us
UrjaMobility secures Rs 100 crore in pre-Series A funding
UrjaMobility aims to raise an additional Rs 250 crore in the first quarter of 2025.
3047 Views
UrjaMobility, a battery leasing for commercial EVs start-up, has raised Rs 100 crore in its Pre-Series A, led by Mufin Green Finance and Hindon Mercantile.The company will use the funds for supply chain management, scale its operations and extend its pay-per-use leasing model.
The pay-per-use leasing model allows customers to lease batteries on a per-kilometre basis, offering them greater flexibility by converting traditional CapEx into Smart OpEx.
UrjaMobility aims to raise an additional Rs 250 crore in the first quarter of 2025 to further strengthen its retail network and meet the rising demand for e-mobility solutions across the country.
Pankaj Chopra, Founder and CEO, UrjaMobility, said that the funding will help them strengthen their retail presence, with a specific focus on Tier II and Tier III cities.
RELATED ARTICLES
Volvo Cars names Skoda’s Klaus Zellmer as new president, CEO
Autocar Professional Bureau
20 Sep 2026
Zellmer will take the new role in October 2027.
Volvo’s 20:1 Compression Ratio Breakthrough: How Dual-Wave Pistons Could Deliver 4% Fuel Savings for Indian Fleets
Shahkar Abidi
20 Sep 2026
A decade after its engineers reshaped the piston crown and halved diesel soot, Volvo has doubled down, on the design at ...
Weekly News Wrap: Record Auto Sales Spur Production Push, Fresh Investments
Darshan Nakhwa
20 Sep 2026
The week saw Kia and Hyundai raise production on strong demand, passenger vehicle and scooter volumes hSemiit fresh hig...
