BillionElectric

About BillionElectric

BillionElectric Mobility is an Indian e-Mobility-as-a-Service (eMaaS) provider, specializing in transitioning commercial fleets to zero-emission transport. Founded in 2016 by Kartikey Hariyani, and later joined by co-founders Mustafa Wajid and Sanjeev Kulkarni, the company focuses on decarbonizing India's mid-mile and long-haul trucking routes. Hariyani has over two decades of experience in electrical engineering and renewable energy, having previously founded TecSo Energy, a solar power and energy storage company. This background in sustainable energy infrastructure informs BillionElectric's integrated approach.

The company's business model is centered on providing a comprehensive ecosystem that bundles electric vehicles, charging infrastructure, battery management, and AI-powered fleet management software into a single service. This model aims to remove the primary barriers to EV adoption for businesses, such as high upfront costs and a lack of charging infrastructure. BillionElectric serves a wide range of enterprise clients in sectors including e-commerce, pharmaceuticals, cement, steel, automotive, and logistics. The company's offerings are structured as end-to-end solutions that include the vehicles (ranging from 12T to 55T trucks and tarmac buses), charging access, route engineering, and maintenance support.

BillionElectric's platform provides features like vehicle tracking with geofencing and immobilization technology. A key strategic advantage is its affiliation with CHARGE ZONE, one of India's largest high-speed EV charging networks, which facilitates the electrification of major freight corridors. This partnership ensures reliable charging access for its commercial fleets. The company entered the Indian market in June 2023 with a $10 million seed funding round, which was used to deploy electric tarmac buses at Bengaluru International Airport and develop its mid-mile heavy EV truck platform. By January 2026, BillionElectric secured an additional $25 million in a growth capital round to scale its commercial operations and expand its fleet. The company plans to deploy over 500 electric trucks in the 2026-27 fiscal year and has a pipeline for over 1,500 more in the next two to three years.