Chargeup, the India-based driver-focused EV tech platform, has raised ₹22 crore in a funding round led by IAN Group, reinforcing its ambition to empower last-mile drivers and accelerate EV adoption. Founded in 2019 by Varun Goenka and Dr. Satish Mittal, the platform now supports 10,000+ EV drivers and is strategically positioned in a $12B market opportunity, connecting drivers, OEMs, dealers, and lenders through a data-driven, IoT-enabled ecosystem.
According to Varun Goenka, Co-founder & CEO, the funding will advance Chargeup’s “Mission Million” initiative, aiming to make one million drivers financially independent. The capital injection will strengthen earnings potential, provide access to financing, and improve operational efficiency, enabling drivers to thrive while scaling sustainably across high-demand EV markets.
Chargeup’s approach reflects a broader shift in the EV sector, where technology, financial inclusion, and platform-led network effects are becoming as important as vehicle adoption. By integrating IoT, real-time data, and multi-stakeholder collaboration, the platform is building a holistic ecosystem that benefits drivers, OEMs, and investors alike.
Strategically, the move positions Chargeup not only as a driver-centric EV enabler but also as a scalable business infrastructure capable of capturing emerging opportunities in India’s fast-growing EV landscape. As the company expands, its focus on profitability, driver empowerment, and tech-led growth underscores why investors like IAN Group see strong long-term value.
