UrjaMobility funding, investors and company details

UrjaMobility is an emerging Automobile - EV startup from New Delhi, working in the space of Operates as an energy-focused company in India's electric vehicle sector, specializing in Battery-as-a-Service (BaaS) and Energy-as-a-Service (EaaS) models. Founded by Anagh Ojha, Pankaj Chopra.

Company: Mtow Mobility Private Limited
Sector: Automobile - EV
Location: New Delhi
Founders: Anagh Ojha, Pankaj Chopra
Total funding raised: ₹100.87 Cr

Company overview

Urja Mobility operates as an energy-focused company in India's electric vehicle sector, specializing in Battery-as-a-Service (BaaS) and Energy-as-a-Service (EaaS) models. It provides lithium-ion battery leasing for electric two-wheelers, three-wheelers, L5 loaders, and energy storage systems, converting high upfront battery costs into affordable monthly lease values to enhance accessibility and reduce ownership barriers. The firm manages the full battery lifecycle—from design and assembly to testing, leasing, repurposing, and recycling—while offering high-ampere chargers and AI-driven analytics for optimized performance in B2B (fleet operators) and B2C (end-users) segments.

Funding rounds

Latest round (Pre Series A): $ 12.00 Mn (₹100.87 Cr.), 2024-10-10. Investors: Mufin Green Finance, Hindon Mercantil