When was Chargeup founded?

Chargeup was founded in 2019 and raised its 1st funding round 2 years after it was founded.

Where is Chargeup located?

Chargeup is headquartered in Delhi, India. It is registered at Kh No. 300/3, First Floor, Village Sultanpur, South Delhi, Delhi, Delhi, India, 110030.

Which legal entities is Chargeup associated with?

Chargeup is associated with E-CHARGEUP SOLUTIONS PRIVATE LIMITED.

How many employees does Chargeup have?

As of May 31, 2026, Chargeup has 90 employees, reflecting a 22% year-over-year decline in headcount.

Is Chargeup a funded company?

Chargeup is a funded company, having raised a total of $12M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Mar 18, 2021.

How much is Chargeup worth?

The latest valuation of Chargeup is $***** as of Mar 25, 2026. This marks a decline of 5% from its peak valuation of $14.9M in Mar, 2021. This marks a decline of 5% from its peak valuation of $14.9M in Mar, 2021.

When was the latest funding round of Chargeup?

Chargeup's latest funding was a $***** Seed round on Jan 22, 2026, with participation from 2 investors. Its primary sector is Electric Vehicles. In India, the Electric Vehicles sector has seen $1.01B in funding in 2026 to date.

What is the annual revenue of Chargeup?

Annual revenue of Chargeup is between ₹10 Cr and ₹50 Cr as on Mar 31, 2025

Where does Chargeup rank among its competitors?

Chargeup ranks 2nd amongst 5 active competitors, of which 4 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Chargeup, which secured $2.4M in Jan, 2026.

Who are the top competitors of Chargeup?

Chargeup's top competitors include VidyutTech, Three Wheels United and Ohm Mobility. Among them, Chargeup secured the most recent funding round in January, 2026.

Chargeup - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Driver-centric platform offering battery swapping and charging solutions for electric vehicles. It is a technology platform that offers a battery-swapping network and other electric vehicle solutions for the gig economy, aiming to bring earning security for drivers through its Fi-Ne-Tech architecture. The company provides a range of products and services, including a marketplace for electric vehicle manufacturers, dealers, and customers.

Website: echargeup.com
Social
Email ID: *****@echargeup.com
Phone Number: +91 **********
Registered Address: Kh No. 300/3, First Floor, Village Sultanpur, South Delhi, Delhi, Delhi, India, 110030

Key Metrics

Founded Year

2019

Location

Delhi, India

Stage

Seed

Total Funding

$12M in 5 rounds

Latest Funding Round

Seed, Jan 22, 2026, $*****

Post Money Valuation

$***** as on Mar 25, 2026

Investors

Anicut Capital & 44 more

Ranked

2^nd among 5 active competitors

Annual Revenue

₹10 - ₹50 Cr as on Mar 31, 2025

Employee Count

90 as on May 31, 2026

Similar Companies

VidyutTech & 3 more

View Chargeup's full profile

Chargeup is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
E-CHARGEUP SOLUTIONS PRIVATE LIMITED CIN: U74999DL2019PTC346208 , India, Active	Feb 19, 2019	₹10 - ₹50 Cr (As on Mar 31, 2025)	90 (As on May 01, 2026)

Chargeup has raised a total funding of $12M over 5 rounds. Its first funding round was on Mar 18, 2021. Its latest funding round was a Seed round on Jan 22, 2026 for $*****. 2 investors participated in its latest round. Chargeup has 14 institutional investors and 31 angel investors.

Here is the list of recent funding rounds of Chargeup:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 22, 2026	6416218	Seed	4525176	5132322	9269502	3181313
Nov 17, 2022	8797235	Conventional Debt	9134651	5910202	4183033	Jiraaf
Feb 07, 2022	8545400	Seed	9506890	1844742	Anicut Capital	Aska Equipments & 32 more

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View details of Chargeup's funding rounds and investors

The founders of Chargeup are Varun Goenka, Arun Madan and Ankur Madan.

Here are the details of Chargeup's key team members:

Varun Goenka: Co-Founder & Chief Driving Officer of Chargeup. They serve on the board of 1 company.
Contact Info: 1 phone number
Arun Madan: Former Co-Founder of Chargeup.
Ankur Madan: Co-Founder & COO of Chargeup.
Contact Info: 1 phone number

Chargeup's Board of Directors

Chargeup's board has 2 active members. Varun Goenka and Satish Mittal are part of team.

Here is the list of Chargeup's board of directors:

Name	Type	Representing	Status	Duration
Varun Goenka	Team	-	Current	7y 7m
Satish Mittal	Team	-	Current	2y 11m

View details of Chargeup's Founder profiles and Board Members

Chargeup's employee count trend

Chargeup has 90 employees as of May 26. The total employee count is 22.0% lower than what it was in May 25. Here is Chargeup's employee count trend over the years:

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Top competitors of Chargeup include VidyutTech, Three Wheels United and Ohm Mobility. Here is the list of Top 10 competitors of Chargeup, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	VidyutTech 2021, Bengaluru (India), Series A	Provider of platform offering electric vehicles financing	$20M	Trifecta Capital, 3one4 Capital & 40 others	55/100
2nd	Chargeup 2019, Delhi (India), Seed	Driver-centric platform offering battery swapping and charging solutions for electric vehicles	$12M	Indian Angel Network, Capital-A & 43 others	53/100
3rd	Three Wheels United 2010, Bengaluru (India), Series A	Provider of a electric vehicle financing for low-income clients	$10.1M	Deltacorp, Techstars & 7 others	44/100
4th	Ohm Mobility 2020, Bengaluru (India), Seed	Platform providing financing for electric vehicle businesses, including loans and leases	$620K	Antler, Blume Venture & 12 others	37/100
5th	Evate 2023, Bengaluru (India), Unfunded	Provider of financing solutions for electric three wheeler vehicles	-	-	31/100

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Founders (largest shareholder) own 40.85%, Funds own 16.53%, Enterprises own 10.57% and Angels own 13.83%. The net worth of Chargeup's founders is INR 54.5Cr as of Mar 25, 2026.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	40.85%	54.5Cr	3655287	3992997	7684274	5200195
Varun Goenka	7120259	8788424	7922113	8164112	1082901	1215767
Ankur Madan	6	8	2	4	4	4
Fund	16.53%	22.1Cr	3375145	3860016	6858516	6397589
Anicut Capital	2054901	1716109	1477114	6731017	4695092	4342099
Indian Angel Network	0	0	0	0	0	0
Enterprise	10.57%	14.1Cr	3395447	9202016	4155543	7917559
Angel	13.83%	18.5Cr	4096497	8136270	6476572	1810286
Anand Goel	1	2	8	4	6	6
Other People	12.00%	16Cr	6427488	6305968	9717793	8080483
ESOP Pool	6.23%	8.31Cr	871140	120021	409915	803198
Total	100.00%	133Cr	2958046	3869618	8543364	3371575