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Chargeup secures new funding round to accelerate expansion of EV battery-swapping network
Chargeup raised new funding from Tiger Global and Blume Ventures to expand its EV battery-swapping network across 12 additional Indian cities.
Electric mobility startup Chargeup raised fresh funding from Tiger Global and Blume Ventures to scale its EV battery-swapping network across major Indian cities. The company said the new capital will support infrastructure expansion, technology upgrades and integration with commercial fleet partners. Analysts highlighted strong demand for efficient battery-as-a-service models as last-mile delivery and logistics firms transition to EV fleets.
Chargeup plans to enter 12 new cities by mid-2026, aiming to strengthen its position in India’s fast-growing urban EV ecosystem.