Indias Freight Movement Gets Boost with $25M Fundraise | BillionE Mobility posted on the topic | LinkedIn
Summary
BillionE Mobility raised USD 25M from a consortium of ultra-HNIs, family offices, financial institutions and public sector banks including State Bank of India. The company will use the capital to accelerate deployment of 500+ electric trucks by FY 2026-27 and invest in fleet management systems, technology platforms, and ecosystem partnerships. BillionE already has a pipeline of over 1,500 electric trucks targeted over the next 2–3 years and previously secured a USD 10M seed round in June 2023. The expanded fleet will serve commercial and industrial logistics use cases across sectors such as cement, automotive, 3PL, FMCG, e-commerce, pharmaceuticals and metals.
Funding
Amount
$25.0M
Total raised
Date
January 13, 2026
Announcement date
Investors
State Bank of India
Lead investors
Company
-
Funded company
Classifications
industries
No industries detected
applications
Data Management
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
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$1M to $5M