BillionElectric raises $10 Mn in seed round

E-Mobility as a Service (eMaaS) platform BillionElectric has raised $10 million in a seed round of equity and asset lease funding. 

The funds will be strategically allocated to the deployment of electric tarmac buses at the Bengaluru international airport and towards the development of a mid-mile heavy EV trucks platform, BilionElectric said in a press release.

Co-founded by Kartikey Hariyani and Mustafa Wajid, Billion Electric seeks to build a tech-driven energy transition network. The group’s flagship brand, CHARGE+ZONE, is one of charging networks which shall power up the deployment of Airport Electric Tarmac Buses at Bangalore airport and the development of a cutting-edge mid-mile heavy EV trucks platform. 

According to the firm, it has already inked a contract to expand its services to 10 additional airports across India, following the initial launch in Bengaluru in collaboration with Veera Vahana. As part of its comprehensive E-MaaS offering, BillionElectric will provide a wide range of services, including electric vehicles, charging infrastructure in collaboration with CHARGE+ZONE, and an integrated E-Mobility platform, ensuring seamless operations. 

Additionally, the platform will extend its support to commercial electric vehicles, facilitating zero emissions driven & efficient transportation of goods for large corporations.