About Chargeup
Chargeup is a company based in Delhi (India) founded in 2019 by Arun Madan, Satish Mittal, and Varun Goenka.. Chargeup has raised $11.97 million across 5 funding rounds from investors including MapmyIndia, Triveni Group and Jiraaf. The company has 79 employees as of March 28, 2024. Chargeup offers products and services including BaaS Platform and Asset Management System. Chargeup operates in a competitive market with competitors including SUN Mobility, Battery Smart, Kazam, Numocity and Pulse Energy, among others.
- Headquarter Delhi, India
- Employees 79 as on 28 Mar, 2024
- Founders Arun Madan, Satish Mittal, Varun Goenka
- Stage Minicorn
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Sectors
Transportation, Automotive & LogisticsEnergy & Utilities
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name E-Chargeup Solutions Private Limited
- Date of Incorporation 19 Feb, 2019
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$526.11 K (USD)24.49as on Mar 31, 2023
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Net Profit
$-1.07 M (USD)-186.29as on Mar 31, 2023
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EBITDA
$-397.41 K (USD)-23.27as on Mar 31, 2023
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Total Equity Funding
$11.97 M (USD)
in 5 rounds
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Latest Funding Round
$2.4 M (USD), Seed
Jan 22, 2026
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Investors
MapmyIndia
& 44 more
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Employee Count
79
as on Mar 28, 2024
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Products & Services of Chargeup
Chargeup offers a comprehensive portfolio of products and services, including BaaS Platform and Asset Management System. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers zero-investment EV ownership via pay-per-use model.
Provides real-time asset monitoring and predictive analytics for drivers.
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Funding Insights of Chargeup
Chargeup has successfully raised a total of $11.97M across 5 strategic funding rounds. The most recent funding activity was a Seed round of $2.4 million completed in January 2026. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Seed — $2.4M
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First Round
First Round
(18 Mar 2021)
- Investors Count 45
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2026 | Amount | Seed - Chargeup | Valuation | Indian Angel Network | |
| Nov, 2022 | Amount | Debt – Conventional - Chargeup | Valuation |
investors |
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| Feb, 2022 | Amount | Seed - Chargeup | Valuation | Anicut Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Chargeup
Chargeup has secured backing from 45 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include MapmyIndia, Triveni Group and Jiraaf. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investment services in private credit, seed funds, growth equity, and late-stage equity for businesses in India.
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Founded Year | Domain | Location | |
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Angel investor investing in tech startups
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Founded Year | Domain | Location | |
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Venture capital funding is provided to Indian startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Chargeup
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Chargeup
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Chargeup Comparisons
Competitors of Chargeup
Chargeup operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as SUN Mobility, Battery Smart, Kazam, Numocity and Pulse Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online platform for battery swapping solutions
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| domain | founded_year | HQ Location |
Provider of EV battery-swapping network
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| domain | founded_year | HQ Location |
EV charging platform is provided for network expansion in India.
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| domain | founded_year | HQ Location |
EV charging management software and energy solutions are provided.
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| domain | founded_year | HQ Location |
EV charging management solutions are delivered through a scalable platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Chargeup
Frequently Asked Questions about Chargeup
When was Chargeup founded?
Chargeup was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Chargeup located?
Chargeup is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Chargeup?
Varun Goenka is the current CEO of Chargeup. They have also founded this company.
Is Chargeup a funded company?
Chargeup is a funded company, having raised a total of $11.97M across 5 funding rounds to date. The company's 1st funding round was a Seed of $7M, raised on Mar 18, 2021.
How many employees does Chargeup have?
As of Mar 28, 2024, the latest employee count at Chargeup is 79.
What is the annual revenue of Chargeup?
Annual revenue of Chargeup is $526.11K as on Mar 31, 2023.
What does Chargeup do?
Chargeup was founded in 2019 in Delhi, India, within the electric vehicle sector. A platform is provided to charging station network operators for asset management, handover facilitation, and onboarding optimization. Services include a map for locating swap points across networks. Operations focus on streamlining infrastructure for EV adoption in urban and regional settings.
Who are the top competitors of Chargeup?
Chargeup's top competitors include Battery Smart, SUN Mobility and Kazam.
What products or services does Chargeup offer?
Chargeup offers BaaS Platform and Asset Management System.
Who are Chargeup's investors?
Chargeup has 45 investors. Key investors include MapmyIndia, Triveni Group, Jiraaf, Anicut Capital, and Aska Equipments.
What is Chargeup's valuation?
The valuation of Chargeup is $1.89M as of Mar 2021.