About Chargeup
Chargeup is a Transportation, Automotive & Logistics company based in Delhi (India) founded in 2019 by Arun Madan, Satish Mittal, and Varun Goenka. Electric vehicle charging networks are operated via a specialized platform. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Chargeup has raised $11.97 million across 5 funding rounds from investors including MapmyIndia, Triveni Group and Jiraaf. The company has 79 employees. Chargeup was last valued at $1.89 million in March 2021. Its chief executive, as recorded, is Varun Goenka. Its Indian entity E-Chargeup Solutions Private Limited reported revenue of ₹12.06 Cr. Chargeup offers products and services including BaaS Platform and Asset Management System. Its focus areas include Energy Tech, Electric Vehicles, Charging Solutions and Station Network. Its competitors include SUN Mobility, Battery Smart and Kazam; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Delhi, India
- Employees 79
- Founders Arun Madan, Satish Mittal, Varun Goenka
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website echargeup.com
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name E-Chargeup Solutions Private Limited
- Date of Incorporation 19 Feb, 2019
- Jurisdiction Delhi, India
- Annual Revenue₹12.06 Cr
FY 2024 · +176% YoY
- Net Loss-₹16.19 Cr
FY 2024 · -134% margin
- EBITDA-₹4.26 Cr
FY 2024 · -35% margin
- Total Equity Funding$11.97M (USD)
in 5 rounds
- Latest Funding Round$2.4M (USD), Seed
Jan 2026
- InvestorsMapmyIndia
& 44 more
- Employee Count79
Associated legal entities of Chargeup
Chargeup operates through E-Chargeup Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| E-Chargeup Solutions Private Limited CIN U74999DL2019PTC346208 | Active | 19 Feb 2019 | Delhi, Delhi | ₹12.1 Cr | 79 | 2 | View details |
Products & Services of Chargeup
Chargeup offers a comprehensive portfolio of products and services, including BaaS Platform and Asset Management System.
Offers zero-investment EV ownership via pay-per-use model.
Provides real-time asset monitoring and predictive analytics for drivers.
Apps and channels of Chargeup
Chargeup publishes 1 mobile app with over 1K+ downloads; its YouTube channel chargeup has 218 subscribers.
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 $11.97M
- Total Rounds 5
- Last Round Seed — $2.4M
- First Round $63,839
(Mar 2021)
- Investors Count 45
All 5 funding rounds of Chargeup with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan 2026 | $2.4M | Seed | – | Indian Angel Network | |
| Nov 2022 | Debt – Conventional | – | – | ||
| Feb 2022 | $7M | Seed | – | Anicut Capital | |
| Sep 2021 | $2.5M | Seed | – | Capital A, Anicut Capital | |
| Mar 2021 | $63,839 | Seed | $1.89M | MapmyIndia |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2021 | $1.89M | •••••••• |
Last known valuation $1.89M (Mar 2021). 45 investors in total: 13 institutional and 32 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment services in private credit, seed funds, growth equity, and late-stage equity for businesses in India. | 2015 | anicutcapital.com | Chennai, India | |
Angel investor investing in tech startups | tigershroffproductions.tcc.mode | Mumbai, India | ||
Venture capital funding is provided to Indian startups. | capital-a.in | Bengaluru, India | ||
| iangroup.vc | ||||
| capital-a.vc | ||||
Online platform for alternative investment | 2021 | jiraaf.com | Bengaluru, India | |
Provider of mobile lightening and fire extinguisher equipment services | 1985 | askagroup.com | Delhi, India | |
| regencyagro.tcc.mode | ||||
Foundation focused on consortium dedicated to fostering the growth of linux | 2016 | lfsouthasia.com | Delhi, India | |
Brokerage services for residential and commercial property transactions are provided. | mindaadvisory.tcc.mode | Gurugram, India |
Investor details for Chargeup
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
Board of directors of E-Chargeup Solutions Private Limited (Chargeup)
E-Chargeup Solutions Private Limited is the primary company behind Chargeup. The board of E-Chargeup Solutions Private Limited currently have 2 directors; the longest-serving is Varun Goenka, appointed in 2019. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Varun Goenka DIN 01853302 | Director | 19 Feb 2019 | 7 yrs 8 mo | E-Chargeup Solutions Private Limited |
| Satish Mittal DIN 10359249 | Director | 17 Oct 2023 | 3 yrs | E-Chargeup Solutions Private Limited |
People of Chargeup
18 people are tracked at Chargeup (7 in leadership, 11 in team); the tracked headcount is 79.
| Name | Role | Group |
|---|---|---|
| Co Founder and CFO | Leadership | |
| Co-Founder & Chief Digital Officer | Leadership | |
| Co-Founder & CEO | Leadership | |
Chetan Guglani | Head - Product & Partnershisps | Leadership |
Deepesh Echargeup | General Manager Business Development | Leadership |
Ankur Madan | COO And Co-founder | Leadership |
Swati Mugdal | Chief of Human Resources Officer | Leadership |
Sarvesh Mishra | Assistant Operations Manager | Team |
Mohd Akhlak Raza | Senior Business Development Executive | Team |
Vaishali S. | Sr. Executive - Inside Sales & Operations | Team |
Chandni Sinha | Marketing Manager | Team |
Rupesh E-Chargeup | Senior Manager | Team |
Ritesh Anand | Manager - Product Design & Development | Team |
Arjun Singh Negi | Assistant Manager Operations | Team |
Prikshet Suhag | Deputy Manager Analytics | Team |
Sarthak Gupta | Marketing Lead | Team |
Punit Saharawat | Building Chargeup Growth | Team |
Yasmeen Bano | Growth Manager | Team |
Complete people profiles for Chargeup
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Chargeup
Figures of E-Chargeup Solutions Private Limited, the primary company behind Chargeup, for FY 2024. Revenue was ₹12.06 Cr (+176% year on year). Net loss was -₹16.19 Cr (-134% margin). EBITDA was -₹4.26 Cr (-35% margin). Revenue has grown at a compounded annual rate of +218% over three years.
- ₹12.06 CrRevenue · FY 2024 · +176% YoY
- -₹16.19 CrNet loss · -134% margin
- -₹4.26 CrEBITDA · -35% margin
- ₹69.1 LakhPaid-up capital
- 79Employees (provident fund records)
- +218%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of E-Chargeup Solutions Private Limited are on its company page.
Detailed financial statements for Chargeup
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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- Downloads
Verified entity values are shown only after access is granted.
Timeline of Chargeup
4 dated milestones of Chargeup across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Chargeup is founded.
- Funding First funding round of $64K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Seed, of $2.4M.
Competitors of Chargeup
Chargeup has 3 listed competitors in our database, 3 of them funded. They include SUN Mobility, Battery Smart and Kazam.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sunmobility.com | 2017 | Bengaluru, India | $50M | 473 | Online platform for battery swapping solutions | |
| batterysmart.in | 2019 | Gurugram, India | $180.36M | 482 | Provider of EV battery-swapping network | |
| kazam.energy | 2020 | Bengaluru, India | $20.22M | 226 | EV charging platform is provided for network expansion in India. |
Detailed competitors of Chargeup
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Chargeup
The website of Chargeup (echargeup.com) receives about 1.3K visits a month.
- Monthly visits1.3K
▲ 37.5% vs previous month
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Chargeup (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | |||
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 |
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Related news about Chargeup
Complete news archive for Chargeup
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Frequently Asked Questions about Chargeup
Chargeup was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Chargeup is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Varun Goenka is the CEO of Chargeup, as recorded in our data. They have also founded this 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 $63.84K, raised on Mar 2021.
Chargeup has 79 employees.
The primary company behind Chargeup, E-Chargeup Solutions Private Limited, reported revenue of ₹12.06 Cr for FY 2024, up 176% year on year.
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.
Chargeup's top competitors include Battery Smart, SUN Mobility and Kazam.
Chargeup offers BaaS Platform and Asset Management System.
Chargeup has 45 investors. Key investors include MapmyIndia, Triveni Group, Jiraaf, Anicut Capital, and Aska Equipments.
The valuation of Chargeup is $1.89M as of Mar 2021.
Chargeup operates through E-Chargeup Solutions Private Limited.