SUMMARY
- Urja Mobility raises INR 100 Cr in a debt and equity mix to scale EV battery leasing operations.
- The startup plans to raise an additional INR 250 Cr in 2025 to expand its retail network.
- Founded in 2023, Urja Mobility leases batteries to EV users and fleet operators on a pay-per-use model.
Electric vehicle (EV) battery solution startup Urja Mobility has raised INR 100 Cr in a mix of debt and equity to accelerate its growth in India’s emerging EV ecosystem. The capital infusion will help Urja Mobility expand its retail footprint, enhance its product portfolio, and scale its operations to cater to the growing demand for EV batteries.
Founded in 2023, Urja Mobility operates on a pay-per-use model, leasing batteries to EV consumers and fleet operators. This innovative leasing system aims to reduce the upfront costs for users, making EV adoption more accessible. The startup’s offerings target individual consumers as well as commercial fleet operators who need cost-effective and sustainable solutions for energy management.
Urja Mobility also announced plans to raise an additional INR 250 Cr in the first quarter of 2025 to further expand its retail network across India. This funding round will be crucial as the company seeks to increase its market presence and drive growth in the fast-expanding electric mobility sector. With the Indian government’s push for EV adoption through incentives and policies, Urja Mobility is positioned to benefit from the increasing demand for reliable battery leasing services.
With this funding, Urja Mobility looks to strengthen its position in the EV infrastructure space, contributing to the reduction of carbon emissions by making electric vehicles a more affordable and accessible option for the masses.
