India, Jan. 13 -- Emobility startup BillionElectric Mobility (BillionE) has raised $25 Mn (around INR 207 Cr) in a mix of equity and debt from investors like SBI along with a host of undisclosed HNIs and family offices.

The Vadodara-based startup plans to deploy a significant portion of the capital to support its planned deployment of over 500 electric trucks by FY27, alongside making investments in fleet management systems, tech platforms as well as deepening its ecosystem partnerships.

"The capital will allow us to accelerate fleet expansion, strengthen operational readiness, and deepen partnerships with customers committed to decarbonising their logistics. Our vision is to make electric trucking a mainstream, dependable, and commerci...