VoltUp Battery Swapping Secures $18 Million Funding to Revolutionize EV Battery-Swapping and Mobility-as-a-Service (MaaS) in India

By EV Update IndiaJun 15, 2025

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⚡ VoltUp Battery Swapping: $18 Million Funding to Revolutionize MaaS and EV Charging in India
🔋 What is VoltUp Battery Swapping?
📈 VoltUp’s Explosive Growth in the EV Sector
💰 Funding and Future Investment Plans
🌍 Impact Investment with Purpose
🗣 CEO’s Vision for VoltUp Battery Swapping
🚀 What Makes VoltUp-Battery Swapping a Game-Changer?
🔚 Conclusion: Future of EV Charging Lies in VoltUp Battery Swapping

⚡ VoltUp Battery Swapping: $18 Million Funding to Revolutionize MaaS and EV Charging in India

VoltUp Battery Swapping has reached a major milestone in its journey toward transforming India’s electric vehicle (EV) ecosystem. With a powerful funding injection of $18 million, VoltUp is set to reshape how electric 2- and 3-wheelers are powered, moving beyond traditional charging methods to instant, convenient, and accessible battery-swapping solutions.

This latest funding round includes $8 million in fresh capital from EM Impact Capital and builds on the earlier $10 million pre-seed funding. The strategic investment underlines growing investor confidence in VoltUp Battery Swapping as a game-changing solution in Mobility-as-a-Service (MaaS) and electric mobility infrastructure.

🔋 What is VoltUp Battery Swapping?

VoltUp Battery Swapping offers a rapid exchange of depleted EV batteries for fully charged ones at dedicated swapping stations. Within a minute, users of electric scooters, rickshaws, and delivery vehicles can resume operations without long charging downtime. This system is crucial for industries like logistics and quick commerce that rely heavily on continuous movement.

By removing range anxiety and lowering operational delays, VoltUp Battery Swapping empowers businesses and individuals alike to adopt electric mobility seamlessly.

📈 VoltUp’s Explosive Growth in the EV Sector

Over the last 12 months, VoltUp Battery Swapping has seen a 4x increase in revenue. The company now plans to set up 1,000 new battery-swapping stations across 20 major cities. These stations will not only support the growing user base but also promote cleaner transportation across urban India.

The expansion is a core part of VoltUp’s strategy to integrate its MaaS platform with multiple EV brands, particularly in the 2- and 3-wheeler categories. This integration ensures interoperability, making VoltUp Battery Swapping a scalable and future-ready mobility solution.

VoltUp Battery Swapping
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💰 Funding and Future Investment Plans

The $18 million raised so far is only the beginning. VoltUp plans to invest over $85 million in the next two years to strengthen its MaaS platform and deploy batteries, swapping stations, and related infrastructure. These investments will also lead to:

Job creation across technical and operational roles
Enhanced last-mile delivery networks
Greater adoption of electric mobility in tier-1 and tier-2 cities

By aligning with the UN Sustainable Development Goals, VoltUp Battery Swapping is not only building a business but also driving a national movement for green transportation.

🌍 Impact Investment with Purpose

EM Impact Capital’s involvement in VoltUp Battery Swapping reflects its focus on companies with scalable sustainability models. Their strategy aligns with green growth, and their decision to appoint RaviRaj Salecha to VoltUp’s board signals long-term commitment to sustainable mobility.

🗣 CEO’s Vision for VoltUp Battery Swapping

Siddharth Kabra, Founder & CEO, remarked:

“Our $18 million funding milestone represents a significant leap in VoltUp Battery Swapping. We aim to make battery-swapping as seamless as traditional refuelling. This investment will accelerate our rollout of stations and expand our MaaS partnerships across India.”

🚀 What Makes VoltUp-Battery Swapping a Game-Changer?

Here’s why VoltUp Battery-Swapping is a standout player in India’s EV revolution:

Ultra-fast battery exchange in under a minute
Zero downtime for delivery and ride-share vehicles
Highly scalable MaaS integration
Strategic partnerships with top investors and platforms
Commitment to green mobility and urban sustainability

🔚 Conclusion: Future of EV Charging Lies in VoltUp Battery Swapping

VoltUp Battery Swapping is driving the transition from conventional charging to a smarter, faster, and more reliable solution. As the demand for electric mobility surges, VoltUp’s technology, backed by strong financial and strategic investments, is poised to transform the landscape of sustainable transportation in India.

With its ambitious goal of 1,000 new stations and a massive $85 million infrastructure push, VoltUp is leading the charge toward a greener, cleaner future.