Startup Feature – E-Chargeup Solutions

Total employees: 5

Turnover: Rs 24.11 Lakh

Key operational areas (Products, Regions, Clients)

E-ChargeUp is a platform for battery swapping especially for the electric three wheelers. It has been operational since June 2019 and catered to 100 vehicles in Delhi, Noida and Gwalior.

Founding Members detail

E-ChargeUp was founded in 2019 by Varun Goenka. He has 10 years of experience in the solar industry in his previous organisations. Currently, he is taking care of all the operations of the company including building company operations, team and marketing strategy etc.

Turning Point for the firm

The major turning point was when he started his Battery Swapping station in spite of lot of negative reviews and resistance from the industry people on the successful working of battery swapping model for B2C market. For Varun the biggest turning point was the acceptability of his business model and its impact on the lives of the e-rickshaw drivers with a 150 percent jump in their daily earnings.

Plans in next 3 to 5 years

Right now with four operating stations and 100 vehicles, he aim to cater and impact 100,000 vehicles in next three years and will evolve new cross selling opportunities to increase the return on investment (ROI) of his franchise partners.

Biggest Attraction in the sector

The founder believes that your success is multiplied when you create more success stories. This sector has given us an opportunity to impact one of the fastest growing communities of E-rickshaw drivers, creating new micro entrepreneurs and impacting the environment at large.

Present State of Mind

I am very much happy with the way company has progressed to the given number of drivers, dealer model and the understanding of marketing and operational nuances to further scale it up. My learning’s and conviction in my vision has helped me to reach at this stage and I don’t see doing any activity differently.