VoltUp
VoltUp operates an intelligent battery-swapping network for electric two-wheelers and three-wheelers across 15 Indian cities, serving gig riders, enterprise delivery fleets (Amazon, Blinkit, Zomato, Flipkart), and OEM partners with 30-second swaps and an AI-powered DRAIVE™ platform.
- Company typePrivate
- Founded2018
- HeadquartersPune, India
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What VoltUp does
VoltUp (legally Ampup Energy Private Limited, CIN: U77100MH2022PTC386737) operates an intelligent battery-swapping infrastructure platform targeting India's electric two-wheeler and three-wheeler last-mile delivery market. Founded around 2018 and headquartered in Pune, the company operates 280+ swap stations across 15 Indian cities, powering 225 million+ cumulative electric kilometres with an average 30-second swap time. The technology stack spans six proprietary layers: in-house LFP batteries (1.54kWh, 3,000-cycle life, 3x the lifespan of NMC alternatives), five generations of proprietary Battery Management Systems, IoT-based vehicle telematics, AC-cooled smart swap stations, the DRAIVE™ AI-powered network intelligence platform, and a rider behaviour analytics layer. Battery State of Health is maintained at 98.73% per DRAIVE™ AMS monitoring.
The business model operates across four customer segments: individual gig riders (VoltUp Go at ₹1,390/week and VoltUp Go+ at ₹3,990/month with included bike on 24-month subscription), enterprise and SME fleet operators (VoltUp Fleet from ₹4,890/month per bike, serving 5-500+ bike deployments), owners of compatible vehicles (VoltUp Energy network access via per-swap or subscription), and OEMs (BGauss, Bounce Infinity, Lectrix, Revamp Moto) integrating VoltUp's certified battery platform. Anchor customers include Amazon, Flipkart, Blinkit, Zepto, Instamart, Swiggy, Zomato, Shadowfax, Delhivery, BlueDart, and XpressBees. Distribution combines self-serve mobile app acquisition (1-10 bikes), sales-assisted mid-market motion (10-50 bikes), dedicated enterprise sales (50+ bikes), OEM embedded integration, and a FOCO mobilityX partner franchise program.
The company achieved cash flow positive status in FY24 and raised $8 million from EM Impact Capital in January 2025 explicitly for growth acceleration rather than survival. Supporting partnerships span battery cell suppliers (EVE Energy, Gotion, LG Energy Solution), infrastructure (Adani Electricity, BPCL, HPCL, Mumbai Metro), financial services (HDFC, cKers Finance), and technology infrastructure (Microsoft Azure, Infineon, PayU, PhonePe). TUV Nord Group certification validates safety and performance standards.
VoltUp firmographics
Firmographics- Name
- VoltUp
- Legal name
- Ampup Energy Private Limited
- Website
- https://voltup.in
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- VoltUp operates an intelligent battery-swapping network for electric two-wheelers and three-wheelers across 15 Indian cities, serving gig riders, enterprise delivery fleets (Amazon, Blinkit, Zomato, Flipkart), and OEM partners with 30-second swaps and an AI-powered DRAIVE™ platform.
- Ownership category
- akta.pro rank
VoltUp industry classification
Industry- Product category
- Electric Vehicle Battery Swapping Infrastructure
- NAICS
- Electric Power Transmission, Control, and Distribution (22112)
- SIC
- Power, Distribution & Specialty Transformers (3612)
- akta.pro primary industry
- V2G/V2H/V2B Enablement Platforms (Control, Optimization, Dispatch) (EUAFAMAB)
Keywords
Where VoltUp is headquartered
LocationHeadquarters
- HQ city
- Pune
- HQ country
- India
- HQ region
- Asia
Offices1 record
Markets served
VoltUp business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Technology or R&D, Infrastructure, Supply Chain, Operations, Personnel, Marketing or Sales
Revenue model
- Battery Swapping Subscriptions: Weekly and monthly subscription plans for unlimited battery swaps. VoltUp Go (₹1,390/week), VoltUp Go+ (₹3,990/month with bike included). Revenue from recurring subscription fees.
- Per-Swap Usage Fees: Pay-per-swap model for riders with compatible 2W and 3W vehicles accessing the VoltUp Energy network. Also per-swap pricing for VoltUp Energy subscribers.
- Fleet Subscriptions (VoltUp Fleet): Monthly subscription per bike for fleet operators (from ₹4,890/month). Custom plans for fleets from 5 to 500+ bikes. Includes DRAIVE™ fleet dashboard and SLA-backed station uptime.
- Electric Bike Lease (VoltUp Go+): 24-month subscription with zero down payment includes electric bike plus battery and unlimited swaps. Auto-debited monthly plan covering all maintenance.
- OEM Platform Licensing: Turnkey platform licensing for vehicle manufacturers (BGauss, Bounce Infinity, Lectrix, Revamp Moto) to integrate VoltUp's certified battery platform into 2W and 3W vehicles.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Weekly & Monthly Rental for gig riders |
| Subscription | Multi-year contract | Mobility Subscription with bike included |
| Subscription | Monthly | Fleet & Corporate Plans |
| Usage-based | Pay-as-you-go | Per-Swap Energy Access |
| Subscription | Multi-year contract | E-Rickshaw Swap Pricing |
Go-to-market motion4 records
Distribution channels6 records
Marketing channels6 records
VoltUp product offering
Product offeringCore offering
VoltUp operates a battery-as-a-service platform for electric two-wheelers and three-wheelers, providing 30-second battery swaps across 280+ stations in 15 Indian cities. The company sells consumer subscription plans (VoltUp Go and VoltUp Go+), B2B fleet subscriptions (VoltUp Fleet), per-swap network access (VoltUp Energy), and licenses its certified battery platform to vehicle OEMs such as BGauss, Bounce Infinity, Lectrix, and Revamp Moto. Underlying the service is the DRAIVE network intelligence OS and six proprietary technology layers spanning LFP battery hardware, in-house BMS, IoT telematics, smart swap stations, AI analytics, and rider intelligence.
Product overview
VoltUp is an intelligent energy infrastructure platform for electric mobility, operating on a battery-as-a-service model. The product portfolio consists of consumer-facing subscription plans (VoltUp Go for weekly/monthly rentals, VoltUp Go+ for complete bike+battery+energy subscription) and B2B fleet solutions (VoltUp Fleet). The technology stack is built around the proprietary DRAIVE™ Platform serving as the network intelligence OS, with six proprietary technology layers spanning hardware (LFP battery), firmware (BMS), IoT (telematics), infrastructure (smart swap stations), AI/analytics (DRAIVE™), and rider intelligence. VoltUp Energy provides standalone network access for compatible vehicles, while the OEM Partnership Platform enables vehicle manufacturers to integrate VoltUp's certified battery technology. The company operates 280+ swapping stations across 15 cities with a 30-second average swap time.
Differentiator
Problem solved
Functional benefit
Brands
- VoltUp Go: Weekly and monthly rental plans for individual gig riders with flexible subscription options and unlimited battery swaps.
- VoltUp Go+
- VoltUp Fleet
- VoltUp Energy
- DRAIVE™
Products and services
- VoltUp Go
Quantifiable outcome
- 56% lower TCO compared to petrol bike fleets
- +8 more outcomes
Companies that use VoltUp
Customer profileNamed customers11 records
Segments8 records
Ideal customer profiles4 records
VoltUp technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability4 records
Feature11 records
VoltUp partnerships and signals
Strategic signalPartnerships
26 partnerships are on record, tiered core and minor.
- AmazoncoreAmazon uses VoltUp's electric fleet for delivery operations. Partnership enables Amazon's last-mile delivery electrification in Indian cities where VoltUp operates.
- BlinkitcoreBlinkit uses VoltUp battery swapping network for quick commerce delivery fleet. Partnership provides Blinkit with reliable, always-on electric delivery capability.
- ShadowfaxcoreShadowfax uses VoltUp fleet solutions for logistics and delivery operations across multiple Indian cities.
- DelhiverycoreDelhivery uses VoltUp electric fleets for urban logistics operations.
- SwiggycoreSwiggy uses VoltUp battery swapping for food delivery fleet electrification.
- ZomatocoreZomato uses VoltUp network for food delivery fleet electrification in India.
- FlipkartcoreFlipkart uses VoltUp electric fleets for e-commerce delivery operations.
- ZeptocoreZepto uses VoltUp battery swapping for quick commerce delivery fleet.
- BlueDartcoreBlueDart uses VoltUp electric fleets for logistics and parcel delivery.
- XpressBeescoreXpressBees uses VoltUp battery swapping for courier and logistics fleet.
- InstamartcoreInstamart uses VoltUp network for quick commerce delivery fleet operations.
- BGausscoreBGauss electric vehicles integrated with VoltUp's certified battery platform. OEM partnership enabling compatible vehicles to access VoltUp's 280+ station network.
- Bounce InfinitycoreBounce Infinity vehicles integrate VoltUp's battery swapping platform. Cell-agnostic architecture with full API access for seamless integration.
- LectrixcoreLectrix electric vehicles compatible with VoltUp battery swapping network. 4-step integration process reduces OEM R&D time.
- Revamp MotocoreRevamp Moto vehicles integrated with VoltUp battery platform for last-mile electric mobility.
- MicrosoftcoreMicrosoft provides cloud infrastructure (Azure) for VoltUp's operations. Company's servers hosted by Microsoft Azure with access restricted to authorised personnel.
- EVE EnergycoreEVE Energy supplies battery cells for VoltUp's proprietary LFP batteries. Partnership ensures reliable battery supply for the swapping network.
- GotioncoreGotion supplies battery cells for VoltUp's electric vehicle battery packs.
- LG Energy SolutioncoreLG Energy Solution supplies battery cells for VoltUp's proprietary battery systems.
- Adani ElectricityminorAdani Electricity provides power infrastructure for VoltUp's charging stations in Mumbai.
- BPCLminorBharat Petroleum Corporation Limited provides infrastructure partnership for VoltUp stations.
- HPCLminorHindustan Petroleum Corporation Limited provides infrastructure partnership for VoltUp swap stations.
- BSESminorBSES provides electricity distribution services for VoltUp's Delhi NCR operations.
- BSNLminorBSNL provides telecommunications infrastructure for VoltUp's network connectivity.
- MMO-CL (Mumbai Metro One)minorMumbai Metro One provides infrastructure partnership for VoltUp stations at metro locations.
- MMRCL (Mumbai Metro Rail)minorMumbai Metro Rail Corporation provides infrastructure partnership for VoltUp's metro station presence.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
VoltUp competitors and assessment
Company assessmentDirect peers
- Sun Mobility: Sun Mobility operates one of India's largest battery swapping networks for electric 2W and 3W, partnering with OEMs and fleet operators. It is the closest direct competitor to VoltUp, sharing the same swap-station business model, India-only focus, and OEM-licensing motion.
- Battery Smart: Battery Smart runs an interoperable battery swapping network focused on electric 3W in Indian Tier-1 cities. It competes head-to-head with VoltUp for quick-commerce and delivery fleets and pursues a similar asset-heavy, station-density-led strategy.
- Yulu: Yulu operates shared electric 2W fleets with battery swapping infrastructure across Indian cities. It overlaps with VoltUp in gig-rider and last-mile delivery use cases and represents a comparable battery-as-a-service mobility model.
- Bounce Infinity: Bounce Infinity sells electric scooters and operates a battery swap network in India, and is both a VoltUp OEM partner and a direct competitor in scooter-swap stations. The dual role makes it the most relevant peer-and-partner comparable.
- Gogoro: Gogoro is the global pioneer of 2W battery swapping, operating the largest swap network in Taiwan and expanding internationally. While geographically outside India, it is the global reference architecture for 2W swap business models and platform economics.
Broad incumbents
- Ola Electric: Ola Electric is India's largest electric 2W manufacturer with its own charging and emerging swap infrastructure. It competes with VoltUp at the OEM and energy-infrastructure layer and represents the OEM-vertical-integration risk VoltUp faces.
- Hero Electric: Hero Electric is one of India's largest electric 2W OEMs and is investing in its own battery and charging solutions. It is a broad incumbent competing for the same fleet-customer wallet and serves as an alternative OEM partner to VoltUp's existing lineup.
- Ather Energy: Ather Energy is a leading Indian electric 2W manufacturer with a fast-charging public network (Ather Grid). It is a broad incumbent in the same electric-2W ecosystem and represents an alternative to swapping for fleet operators evaluating energy strategies.
- Honda Motorcycle and Scooter India: Honda is India's largest 2W OEM and is actively pursuing electric 2W launches and proprietary charging/swap strategies. It represents the largest potential OEM-vertical-integration threat to VoltUp's OEM-licensing and energy-network revenues.
Emerging players
- Simple Energy: Simple Energy is an Indian electric 2W startup with plans for battery swap and fast-charging solutions. It is an emerging player that could either become an OEM partner for VoltUp or a direct competitor in the delivery-fleet segment.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat7 records
Key risks6 records
Key highlights7 records
Customer concentration
VoltUp social profiles
Digital presenceVoltUp compliance and trust
Trust signalCompliance1 record
VoltUp financial estimates
Financial estimateRevenue estimate
Valuation estimate
VoltUp leadership team
Management profileNumber of profiles
Profiles1 record
VoltUp funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
VoltUp M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about VoltUp
What does VoltUp do?
VoltUp operates a battery-as-a-service platform for electric two-wheelers and three-wheelers, providing 30-second battery swaps across 280+ stations in 15 Indian cities. The company sells consumer subscription plans (VoltUp Go and VoltUp Go+), B2B fleet subscriptions (VoltUp Fleet), per-swap network access (VoltUp Energy), and licenses its certified battery platform to vehicle OEMs such as BGauss, Bounce Infinity, Lectrix, and Revamp Moto. Underlying the service is the DRAIVE network intelligence OS and six proprietary technology layers spanning LFP battery hardware, in-house BMS, IoT telematics, smart swap stations, AI analytics, and rider intelligence.
Is VoltUp a public or private company?
VoltUp is a private company. It is classified as venture growth investor backed and is currently operating.
When was VoltUp founded?
VoltUp was founded in 2018. It employs 101 to 250 people.
Where is VoltUp based?
VoltUp is headquartered in Pune, India, in the Asia region.
How does VoltUp make money?
Five revenue lines are on record. Battery Swapping Subscriptions are the primary driver. The others are per-Swap Usage Fees, fleet Subscriptions (VoltUp Fleet), electric Bike Lease (VoltUp Go+) and OEM Platform Licensing.
Who are VoltUp's main competitors?
Direct peers on record are Sun Mobility, Battery Smart, Yulu, Bounce Infinity and Gogoro. Broad incumbents are Ola Electric, Hero Electric, Ather Energy and Honda Motorcycle and Scooter India. Simple Energy is listed as an emerging player.
Does VoltUp have an API?
No public API is recorded for VoltUp.
What industry is VoltUp in?
VoltUp's product category is Electric Vehicle Battery Swapping Infrastructure. Its primary akta.pro industry code is EUAFAMAB, V2G/V2H/V2B Enablement Platforms (Control, Optimization, Dispatch). Its NAICS code is 22112 and its SIC code is 3612.