India’s EV landscape is shifting gears fast—and one startup is leading the charge, quite literally. ChargeGrid Mobility, a Pune-based electric vehicle (EV) infrastructure company, has just raised $40 million in a Series B round to scale its national network of smart EV charging stations and battery-swapping infrastructure.
The investment round was led by Lightspeed India Partners, with significant participation from Avaana Capital, Blume Ventures, and the venture capital arm of the Hero Group. This infusion of capital takes ChargeGrid Mobility’s total funding to $67 million, firmly positioning it as one of India’s most promising players in clean mobility.
Building the Backbone of EV India
While EV adoption is growing in India, a major hurdle remains—charging infrastructure. You can’t have a truly electric nation without an accessible, fast, and reliable charging network. That’s exactly the problem ChargeGrid is solving.
Founded in 2019, the startup’s mission is simple: make EV charging as seamless and omnipresent as fuel stations are today. But they’re doing it with a 21st-century twist—solar energy, AI-powered demand forecasting, and battery-swapping technology.
Their solution isn’t just for private EV owners. It’s built for:
- Commercial fleets
- Two- and three-wheelers
- Delivery startups
- Corporate campuses
- Intercity travelers
Whether it’s a Blinkit rider swapping batteries mid-route or a Mahindra e-SUV charging up on NH-48, ChargeGrid wants to be the invisible force that keeps them all moving.
