Funding News: MaaS Startup 'VoltUp' nets $8 million in Seed Funding

Startup: VoltUp

Founder: Siddharth Kabra

About us: VoltUp platform is designed to drive change for all future mobility needs. VoltUp is your one-stop solution to battery swapping for your 2-wheeler and 3-wheeler vehicle. They facilitate charging your electric vehicle and ensure that you keep driving without having to wait.

Founded Year: 2019

Office: Mumbai

Sector: MaaS

Funding Round: Seed round

Investor: EM Impact Capital

VoltUp, a Mobility-as-a-Service (MaaS) and battery swapping operator has raised $8 million in a seed funding round consisting of equity and debt.

The company had earlier secured $10 million in a pre-seed round from investors like HDFC Bank, family offices, and cKers.

The newly raised capital will be used to accelerate VoltUp's MaaS offerings and integrate them with multiple electric vehicle (EV) platforms for two and three-wheeler vehicles.

Siddharth Kabra, Founder and CEO of VoltUp, shared that the $18 million funding milestone represents a significant step in making battery swapping as seamless and accessible as traditional refueling. With the backing of EM Impact Capital, VoltUp aims to scale its operations and meet the rising demand for electric two and three-wheelers in India. The company is also preparing for a Series A funding round later this year.

Website: http://www.voltup.in/