# VoltUp

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/voltup

- Industry: Energy Storage & Batteries
- Headquarters: Pune, India
- Website: www.voltup.in
- Total disclosed funding: $1.9M
- Latest round: Seed (Aug 28, 2024)
- Investors on record: 5

## About

Based in Maharashtra, India. Ampup Energy Private Limited, trading under the name VoltUp, provides battery swapping solutions for electric two- and three-wheelers. In January 2025, raised?venture debt funding. The round was part of a larger INR 70 million debt and equity funding. The firm as of January 2025, is led by its Founder & CEO, Siddharth Kabra.

The company's core offerings include lithium-ion batteries, a network of strategically located swapping stations, and an integrated mobile application for both partners and end-users. The swapping stations deliver fully charged batteries within two minutes, eliminating the downtime associated with electric vehicle recharging. VoltUp's services ensures zero maintenance requirements over the lifespan of the batteries, which are equipped with advanced Battery Management Systems (BMS) and telematics for real-time monitoring. The company primarily serves urban markets of India with a growing demand for electric mobility solutions, including India.

VoltUp employs a subscription-based revenue model that allows customers to pay an initial fee followed by usage-based charges without mandatory daily fees or swap limits. 

The company plans to utilize the January 2025 investment to expand its battery-swapping network and integrate its mobility-as-a-service offerings with EV platforms.

## Funding rounds

- Seed, Aug 28, 2024, $1.9M — HDFC Bank, cKers Finance Pvt. Ltd., Grip Invest Technologies Private Limited, GetVantage, EM Impact Capital

## Investors

- HDFC Bank — Seed
- cKers Finance Pvt. Ltd. — Seed
- Grip Invest Technologies Private Limited — Seed
- GetVantage — Seed
- EM Impact Capital (https://capitalatlas.ai/funds/em-impact-capital) — Seed