India, Jan. 27 -- Electric mobility startup VoltUp has bagged a seed funding of $8 Mn (around INR 69 Cr) in a mix of equity and debt infusion led by EM Impact Capital to boost its mobility as a service (MaaS) offering .

The Pune-based company plans to invest $85 Mn over the next two years in assets to expand its swapping stations and batteries. It also aims to deploy 1,000 new battery-swapping stations across 20 urban centres, supporting a growing customer base while promoting EV adoption.

Previously, the startup raised $10 Mn in its pre-seed funding round which saw participation from HDFC Bank, cKers, Grip Invest, GetVantage and family offices along with others.

"Having established the right market fit with our offerings, we will cont...