ChargeUp
Electrifying last-mile mobility with smart battery swapping
Delhi, India · Founded 2019 · $9.4M raised
- Headquarters
- Delhi
- Employees
- 51–200
- Founded
- 2019
- Business Model
- B2B2C
- Website
- chargeup.in
- Total Funding
- $9.4M
- Last Round
- $2.4M Venture RoundJan 2026
- Rounds
- 2
About
ChargeUp (eChargeUp Solutions Pvt Ltd) is India's largest battery-as-a-service and battery-swapping network for electric two- and three-wheelers. Founded in 2019 in New Delhi by Varun Goenka, Satish Mittal, and Arun Madan, ChargeUp deploys IoT-enabled smart batteries and swap stations that let e-rickshaw and last-mile delivery drivers exchange depleted batteries for charged ones in minutes. The platform uses AI and machine learning to predict battery health, optimize swap-station placement, and build a 'Karma Score' system rewarding driver behavior. ChargeUp aims to enable 1 million driver-entrepreneurs by 2030 while accelerating the electrification of last-mile logistics in India.
Summary
ChargeUp is a Clean Energy company based in Delhi, India, founded in 2019. It has raised $9.4M in total across 2 rounds, most recently a $2.4M Venture Round round in Jan 2026. Investors include IAN.
Tech & App Stack
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Funding History
Jan 2026
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Series A through Venture Round — per-round amounts, valuations, and who invested in each round.
Investors
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