E-Maas (electric mobility as-a-service) platform BillionElectric on Tuesday announced its entry into the domestic market and said it has secured $10 million in a seed round of funding. The capital infusion, which is in the form of equity and lease funding, will be strategically allocated for the deployment of electric tarmac buses at the Bengaluru international airport; and development of a mid-mile heavy EV trucks platform, the company said in a statement.
“We announce the launch of E-Maas platform BillionElectric accompanied by the successful completion of our seed funding round. Over the last two years of product development and software innovation, this is our significant investment,” said Kartikey Hariyani, cofounder, chief platform architect, BillionElectric.
The electric mobility industry is projected to experience remarkable growth, estimated to reach a staggering $6- billion by 2024, according to him.
As part of its comprehensive E-MaaS offering, BillionElectric said it will provide a wide range of services, including EVs, charging infrastructure in collaboration with CHARGE ZONE, and an integrated e–mobility platform.
