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UrjaMobility secures $12 Mn in pre-Series A funding

EntrackrEntrackr · 9m ago
UrjaMobility secures $12 Mn in pre-Series A funding
Medial

UrjaMobility, a startup specializing in battery leasing for commercial electric vehicles (EVs), has raised Rs 100 crore ($12 million) in its pre-Series A funding round, which includes both debt and equity financing. The round was co-led by Mufin Green Finance and Hindon Mercantil. The new funds will be used to expand UrjaMobility’s solutions in energy consumption and supply chain management, focus on the e-mobility sector, scale operations, and enhance its unique pay-per-use leasing model, according to a press release. Founded in 2022 by Pankaj Chopra, UrjaMobility offers battery leasing options for various commercial EV categories, including L3 and L5 vehicles, as well as electric L2s powered by lithium-ion batteries. The company aims to transform the upfront costs of battery energy into a manageable Monthly Lease Value (MLV). UrjaMobility has introduced a unique pay-per-use leasing model that allows customers to lease batteries based on kilometers driven, providing greater flexibility by converting traditional capital expenditures (CapEx) into smart operational expenditures (OpEx). This innovative approach offers end-users a cost-effective and hassle-free solution for adopting electric mobility. In its first month of operations, UrjaMobility claims to have delivered 150 kWh of energy per day through its Energy-as-a-Service (EaaS) model. The company has since expanded its capabilities and now provides 45 MWh of energy daily. Looking ahead, UrjaMobility aims to raise an additional Rs 250 crore in the first quarter of 2025 to further strengthen its retail network and meet the increasing demand for e-mobility solutions across the country.

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Ice cream brand Go Zero raises $1.5 Mn

EntrackrEntrackr · 1y ago
Ice cream brand Go Zero raises $1.5 Mn
Medial

Ice cream brand Go Zero has raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures, among others. The round also saw participation from notable angel investors such as Arjun Purkayastha. Earlier in August last year, the startup had raised $1 million in its pre-Series A funding round led by DSG Consumer Partners, Saama, and V3 Ventures. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Currently present in 16 cities and over 125 dark stores, Go Zero ice cream brand is available on both quick commerce and e-commerce platforms in less than two years of launch. In FY24, Go Zero claims to have grown 4X compared to FY23 and while it saw 7X growth on quick commerce in just 5 months this summer. Go Zero competes with Hocco and NIC. Last year, NIC had raised $11 million in a growth funding round led by Jungle Ventures whereas Hocco recently raised $12 million from Chona family and others.

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures

EntrackrEntrackr · 2m ago
Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures
Medial

Volt14 raises $1.87 Mn in pre-Series A round led by Blume Ventures Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact. Shashank Pathak 05 May 2025 11:12 IST Follow Us New Update Battery technology startup Volt14 has secured $1.87 million in its pre-Series A funding round led by Blume Ventures. Beyond Next Ventures, Spectrum Impact, Supermorpheus, and returning investor Cocoon Capital have also participated. The total funding raised by the Bengaluru-based startup now stands at $4.02 million. The proceeds will be used to scale up manufacturing and expand its team. Founded in 2019 by Animesh Kumar Jha, Volt14 focuses on developing silicon-based anode materials for lithium-ion batteries. It has also developed an in-house cylindrical battery cell format demonstrating energy density enabled by its silicon anode. Volt14 claims that its technology increases silicon content in anodes while maintaining performance levels and is currently being evaluated by multiple battery cell manufacturers. According to market research, the lithium-ion battery sector is projected to exceed $300 billion by 2034, driven by electric vehicle adoption and energy storage expansion. Blume Ventures, the lead investor in this round, is also one of the early backers of Battery Smart, which is the most funded startup in the space.

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