New Delhi, March 22, 2022: Chargeup, with its Battery-as-a-Service model, has expanded its network to over 120+ battery swapping stations across Delhi NCR. With this, the company has rapidly expanded the coverage of its battery swapping stations in the cities of Noida, Gurgaon, and Ghaziabad. With Chargeup’s high-quality and sustainable dealer network, it is catering to 1000 drivers on its platform clocking 2.5mn Zero Emission Kms per month.
Speaking about this, Varun Goenka, CEO, and Co-Founder, Chargeup said, “At Chargeup we are building a tech-enabled network, with technology at the core. We map the new locations for Chargeup swap stations using the real time data of the driver movement, which ensures the drivers do not have to de-route for a swap. Also, with our analytics on battery performance, we ensure 100% uptime and a safe and reliable ride to our driver-partners.”
With Charge-up’s unique dealer model, its platinum dealers are clocking revenue of INR 1 lakh per month, expanding their capacities every month. Chargeup’s vision is to build a massive pan-India network of stations and benefit the lives of millions of e-rickshaw drivers, and electric two- and three-wheeler owners. Chargeup’s dealers are earning several times more than in the past and the groundwork for the future is being laid.
Chargeup recently raised USD 2.5 million in pre-Series A round led by Capital-A and Anicut Capital. The fresh lease of funding is being used for the expansion of Chargeup’s network to new cities and building larger capacities to meet the growing demand. The company also believes that the government’s Battery Swapping Policy will act as a catalyst for the faster adoption of EVs.
