India’s electric mobility ecosystem received another boost as EV startup Chargeup announced it has raised INR 22 crore in a fresh funding round to accelerate its expansion plans. The funding comes at a time when the country is witnessing rapid adoption of electric two-wheelers and three-wheelers, driven by rising fuel costs, supportive government policies, and increasing environmental awareness.
Founded with a focus on solving one of the biggest bottlenecks in EV adoption—charging time and infrastructure—Chargeup operates in the battery swapping and EV energy solutions space. The startup enables users, particularly delivery partners and fleet operators, to swap depleted batteries for fully
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