VoltUp announces successful completion $8 mn seed funding round

Mumbai-based VoltUp successfully completed an $8 million seed funding round led by EM Impact Capital, raising a total of $18 million. The startup's battery-swapping technology for electric two- and three-wheelers aims to reduce vehicle downtime and promote EV adoption. VoltUp plans to deploy 1,000 new stations, investing $85 million in assets over two years.