Chargeup

Based in New Delhi, India, and founded in 2019 by its CEO Varun Goenka and co-founder Ankur Madan, Echargeup Solutions Private Limited, trading under the name Chargeup, offers battery-as-a-service for E-Rickshaws for battery swapping. In January 2026, Chargeup raised INR 220 million in growth funding from IAN Group and Capital-A. As of March 2022, the company has 10,000 chargeup stations, 800 users, and 100 dealers across Delhi, Noida, and Gwalior.   E-chargeup Solutions Pvt Ltd provides lithium batteries that can be swapped at multi-swap points and allow two- and three-wheelers to travel 95 kilometers on a single charge.

The company allows for unlimited swaps and assists the end-user in converting capital expenditures into operating expenses, allowing for the faster adoption of electric vehicles. Echargeup Solutions Private Limited generates revenue through EV battery‑swapping services, subscription plans for drivers, energy‑as‑a‑service solutions, and partnerships enabling fleet electrification and charging‑infrastructure deployment. In January 2026, Chargeup raised INR 220 million in growth funding to expand into key electric vehicle markets, enhance its platform for drivers and lenders, and grow operations in areas adopting electric three‑wheelers.