BillionE (BillionElectric)

What BillionE (BillionElectric) does

BillionE Mobility (also operating as BillionElectric) is an India-based E-Mobility as a Service (eMaaS) platform headquartered in Vadodara that commenced commercial operations in 2024 after raising $10 million in seed funding in June 2023. The company provides electric commercial vehicles — primarily heavy-duty electric trucks and electric tarmac buses — to enterprise customers under long-term leasing contracts, bundling vehicles with charging infrastructure access and fleet management services. Its core customer segments include industrial freight operators in cement, steel, automotive, e-commerce, and industrial goods sectors, as well as airport operators seeking zero-emission ground transportation; current freight corridors span seven Indian states (Gujarat, Rajasthan, Tamil Nadu, Karnataka, Maharashtra, Delhi NCR, and Haryana).

The company's technology stack centers on an EV Fleet Management Platform integrating routing, charging scheduling, and operational monitoring, with proprietary integration into Tata Motors' i-MoEV architecture featuring integrated e-axle and dual charging capability. BillionE has secured supply partnerships with Tata Motors (Prima E.55S, 450 kWh battery, 350 km range) and Ashok Leyland (AVTR 55T Electric Tractors and BOSS Electric trucks), and a strategic charging infrastructure alliance with CHARGE+ZONE for nationwide network coverage. The company reports having achieved TCO parity with diesel vehicles on select routes for 19-tonne and 55-tonne electric trucks.

BillionE's revenue model is subscription-based recurring lease revenue from enterprise fleet contracts, complemented by fleet management and charging infrastructure service fees. The company sells exclusively through direct B2B enterprise sales to freight operators and logistics providers. As of early 2026, the company had accumulated over 3 million clean energy kilometres across its fleet of 125+ trucks, reported approximately 120% year-on-year growth, raised $25 million in growth capital (combining equity and State Bank of India debt) to scale toward 500+ trucks in FY 2026-27, and secured a pipeline of 1,500 trucks over a 2-3 year horizon. Management team details and individual customer logos are not disclosed in available sources.

Name

BillionE (BillionElectric)

Legal name

BillionElectric Mobility

Website

https://billionmobility.com

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

51–100 employees

Short description

BillionE is an India-based E-Mobility as a Service platform leasing heavy electric trucks and tarmac buses to enterprise freight operators and airports, bundling vehicles with charging infrastructure and fleet management services across seven Indian states.

Ownership category

akta.pro rank

Product category

Electric Truck Fleet Services (E-Mobility as a Service)

NAICS

Specialized Freight Trucking (4842), Freight Transportation Arrangement (488510)

SIC

Trucking & Courier Services (No Air) (4210), Transportation Services (4700)

akta.pro industry

PRIMARYTLABAHAJ

Fleet Management Services (Lifecycle, Compliance, Safety, Driver Programs)

Transportation & Logistics/Fleet Leasing, Rental & Management/EV Fleet Leasing & Subscription (EVs, Charging Bundles, Battery-as-a-Service)

SECONDARYTHADANAI

EV Fleet Leasing & Fleet Management (EV-Focused)

Travel & Hospitality/Car Rental & Mobility Services/Electric Vehicle Rental Services

Keywords

• Electric truck leasing
• Fleet management services
• EV charging infrastructure
• Freight electrification
• EMaaS platform

Headquarters

HQ city

Vadodara

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Infrastructure, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Electric Vehicle Leasing (eMaaS): The company operates as an E-Mobility as a Service platform, providing electric vehicles on lease/rental basis to freight operators. Customers pay for vehicle access rather than purchasing trucks outright, with long-term contracts typically including maintenance and charging infrastructure.
2. Fleet Management Services: Comprehensive fleet management including charging infrastructure, operational support, and technology platform services bundled with vehicle leasing

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

BillionE operates an E-Mobility as a Service (eMaaS) platform that provides electric trucks, electric tarmac buses, and dedicated charging infrastructure to enterprise customers on long-term lease or subscription contracts. The bundled service includes fleet management, route planning, charging scheduling, and operational monitoring for industrial freight corridors and airport ground transportation in India.

Product overview

BillionE (BillionElectric) operates as an E-Mobility as a Service (eMaaS) platform offering a comprehensive suite of electric transportation solutions. The platform encompasses electric tarmac buses for airport ground operations, heavy electric truck fleets for mid-mile and long-haul freight transport, electrified freight corridor services with dedicated charging infrastructure, and a nationwide charging network built through partnerships. The company focuses on decarbonizing logistics and airport ground transportation across India's industrial corridors and airports.

Differentiator

Problem solved

Functional benefit

Products and services

• E-Mobility as a Service (eMaaS) Platform Subscription platform providing electric transportation services including vehicle access, charging infrastructure, and fleet management for airport ground operations and industrial freight in India.
• Electric Tarmac Bus Services Electric tarmac buses for airport passenger and ground crew transportation with zero emissions, operated initially at Bengaluru International Airport and planned for rollout across ten additional Indian airports.
• Heavy Electric Truck Fleet Leasing Subscription-based lease of mid-mile and long-haul heavy electric trucks including Tata Prima E.55S (450 kWh battery, up to 350 km range), Ashok Leyland AVTR 55T Electric Tractors, and BOSS Electric trucks for industrial freight transport across India.
• Electric Freight Corridor Services Turnkey long-haul freight transportation services across major Indian industrial corridors using dedicated electric trucks and corridor-specific charging infrastructure for cement, steel, automotive, and e-commerce customers.
• EV Charging Infrastructure Network Nationwide EV charging network developed in partnership with CHARGE+ZONE providing charging access that supports electric truck and bus fleet operations across India.

Quantifiable outcome

• Total cost of ownership parity with diesel achieved on select routes for 19-tonne and 55-tonne electric trucks
• +3 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core.

• DrivncoreStrategic or Co-development Partner · 30 June 2026EV leasing platform partnership to deploy 200 electric trucks for long-haul freight operations. First phase deploys 22 electric trucks for cement industry customer under long-term contract, establishing electrified freight corridor with dedicated charging infrastructure.
• Tata MotorscoreStrategic or Co-development Partner · 10 April 2026Tata Motors supplies Prima E.55S electric prime movers with 450 kWh battery offering up to 350 km range. First batch of 30 e-trucks delivered with additional order of 250 units for phased deployment across major Indian freight corridors.
• Ashok LeylandcoreStrategic or Co-development Partner · 3 April 2026Ashok Leyland delivered 180 electric vehicles including AVTR 55T Electric Tractors and BOSS Electric trucks, marking commercial debut of India's first 4x2 Electric Tractor and first electric truck in ICV range.
• CHARGE+ZONEcoreStrategic or Co-development Partner · 27 June 2023Strategic partnership for building a nationwide EV charging network. CHARGE+ZONE provides charging infrastructure support for BillionE's electric truck fleet operations across India's freight corridors.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• MoEVing: India-based EV fleet-as-a-service platform focused on commercial freight and last-mile delivery. Most directly comparable to BillionE's eMaaS model with similar enterprise customer focus and subscription-based truck leasing.
• Zypp Electric: India's largest EV-as-a-service platform focused on last-mile delivery, recently expanding into heavier commercial segments. Comparable subscription model and infrastructure-light fleet operations approach.
• Bluwheelz: India-based EV truck leasing and logistics platform providing electric commercial vehicles on subscription to enterprises. Directly competes with BillionE in the EV fleet leasing category serving industrial customers.
• EVage: India-based electric commercial vehicle OEM and fleet operator for mid-mile logistics. Comparable in deploying purpose-built electric trucks for industrial freight with full-stack vehicle and operations offering.

Broad incumbents

• Shriram Transport Finance: India's largest commercial vehicle financing and leasing platform. Comparable customer base of fleet operators and truckers, and a potential acquirer or partner for scaled EV fleet financing at maturity.
• Tata Motors: India's largest commercial vehicle OEM and BillionE's primary vehicle supplier. A potential competitor as Tata expands its own EV financing and leasing arms, while also serving as BillionE's strategic OEM partner.
• SUN Mobility: India's leading EV battery swapping and charging infrastructure provider serving multiple commercial vehicle segments. Overlaps with BillionE's charging infrastructure layer via CHARGE+ZONE partnership.
• Ashok Leyland: India's second-largest commercial vehicle manufacturer and BillionE's second key OEM partner (LEASPHERE, AVTR platform). Direct vehicle supplier but also emerging direct competitor in EV leasing and subscription.

Others

• CHARGE+ZONE: India's largest EV charging network operator and BillionE's strategic infrastructure partner. Comparable ecosystem positioning though focused on charging hardware/network rather than fleet operations.

Emerging players

• Volta Trucks: European EV truck manufacturer focused on urban and medium-duty commercial vehicles. Comparable eMaaS-adjacent model and target customer segments (industrial freight operators transitioning from diesel fleets).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/billionelectric

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BillionE (BillionElectric)