Two companies, UrjaMobility and Economy Process Solutions, have raised Rs 100 crore each to grow their businesses.
UrjaMobility raised Rs 100 crore (around $12 million) in a pre-Series A round. The money came from Mufin Green Finance and Hindon Mercantil. UrjaMobility will use the money to expand its services.
The company started in 2022. It was founded by Pankaj Chopra. UrjaMobility offers battery leasing for electric vehicles (EVs). Its pay-per-use model allows businesses to lease batteries based on kilometers driven. This helps them save money.
UrjaMobility provides 45 MWh of energy every day. It uses the Energy-as-a-Service (EaaS) system. The company plans to raise more funds in 2025 to expand its business.
Economy Process Solutions raised Rs 100 crore (around $12 million) in a Series A round. The money came from Stakeboat Capital Fund II. The company will use the money to grow and enter new markets.
The company started in 2015. It makes vacuum pumps, blowers, and other industrial products. Recently, it began offering solutions for food and beverage companies. These include processing, bottling, and packaging.
The company has factories in Chakan, Pune. It has served more than 600 customers in 30 countries. The new funds will help the company grow in industries like waste management, pharmaceuticals, and chemicals.