Billion Electric Mobility Secures 250+ EV Truck Contracts, Boosts India's Green Logistics, ET Auto
Deployment expands across key freight corridors amid government incentive push.

Billion Electric Mobility (BillionE), an e-Mobility-as-a-Service (eMaaS) provider, has announced it has secured more than 250 long-term electric truck contracts with enterprise clients across India. The company’s fleet includes medium and heavy-duty trucks ranging from 12T to 55T gross vehicle weight.
These vehicles are being deployed across multiple sectors including e-commerce, pharmaceuticals, cement, copper, steel, FMCG, automotive, and logistics. Operations are currently underway in regions such as Delhi, Mumbai, Pune, Bengaluru, Chennai, Ahmedabad, Hyderabad, Kochi, and Visakhapatnam.
Sanjeev Kulkarni, CEO of BillionE, said, “Reaching the milestone of 250 long-term EV truck contracts is more than a business achievement. It reflects a transition from pilot programmes to full-scale operational fleets across the country.”
The announcement coincides with the Government of India’s launch of the PM E-DRIVE scheme, which includes a ₹500 crore budget to subsidise around 5,500 electric trucks. Incentives of up to ₹9.6 lakh per vehicle are now available, based on battery capacity.
BillionE currently operates more than 60 heavy-duty electric trucks and aims to scale to over 250 vehicles by early 2026. The firm provides bundled services that include the vehicle, charging access, route planning, and maintenance under one contract. The company’s charging infrastructure is powered by CHARGE ZONE, its affiliated group entity, which manages one of India’s largest high-speed EV charging networks.
Pirojshaw Sarkari, Advisory Council Lead at BillionE, added: “Customers are seeking complete solutions that ensure uptime and operational continuity. Our eMaaS model is built to meet those expectations.”
Earlier this year, BillionE raised $10 million in seed equity and debt. It is currently in the process of raising an additional $15 million in Pre-Series A funding. The company plans to expand its fleet to 5,000 electric trucks by 2029. A Series A equity round of $100 million is targeted by the end of 2025.
BillionE’s long-term objective is to support India’s transition to zero-emission commercial freight by leveraging integrated logistics technology and charging networks.

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