Mumbai, Jan. 13 -- BillionElectric Mobility (BillionE) has raised USD 25 million in a growth capital round consisting of equity and debt. The funding was provided by a consortium of family offices, ultra-high-net-worth individuals and financial institutions, including the State Bank of India (SBI).

The capital is intended to transition the company from deployments to commercial operations in electric freight. A portion of the funds will support the rollout of 500 electric trucks during the FY2026-27.

BillionE Mobility currently maintains a pipeline of over 1,500 electric trucks planned for the next three years to meet demand from industrial customers.

The fleet will serve logistics for sectors including cement, automotive, metals, and ...