Company Profile: Bolt.Earth

Background

Overview

Founded in 2017 by Mohit Yadav and Jyotiranjan Harichandan, Bolt.Earth is a leading electric vehicle (EV) infrastructure and software company based in India. The company is dedicated to accelerating the adoption of electric mobility by providing accessible, smart, and safe EV charging solutions. With a mission to push emerging markets toward cleaner mobility, Bolt.Earth has established itself as India's largest EV charging network, boasting over 36,000 charging points across more than 1,600 cities and serving over 210,000 active EV users.

Key Strategic Focus

Core Objectives

Charging Network Expansion: Continuously growing its charging infrastructure to meet the increasing demand for EVs.

Product Enhancement: Developing a diverse range of charging solutions catering to various customer needs.

Technological Innovation: Advancing proprietary technologies to support seamless EV operations.

Market Penetration: Expanding presence both domestically and internationally to promote EV adoption.

Specialization and Technologies

Bolt.Earth specializes in providing a comprehensive suite of EV charging solutions, including:

Level 1 Charging Points: Universal chargers compatible with all EVs, delivering 3.3 kW output.

Level 2 AC Fast Chargers: Designed for 4-wheelers, offering output ratings of 7 kW, 11 kW, and 22 kW.

Level 3 DC Fast Chargers: High-capacity chargers providing up to 240 kW, suitable for rapid charging needs.

The company also offers the Bolt.Earth Operating System (OS), a connected platform technology that assists Original Equipment Manufacturers (OEMs) in developing, operating, and monitoring their charging networks and vehicles.

Primary Markets

While Bolt.Earth has a strong foothold in India, it is actively pursuing international expansion into markets across Asia, Europe, South America, and Latin America to catalyze the uptake of electric vehicles globally.

Financials and Funding

Funding History

Series A (September 2021): Raised $4 million led by Union Square Ventures and Prime Venture Partners.

Series A+ (January 2025): Secured $5 million led by Version One Ventures, with participation from Union Square Ventures and Prime Venture Partners.

Series B (October 2023): Raised $20 million from a consortium including Union Square Ventures, Prime Venture Partners, and ITIGO Funds.

Utilization of Capital

The funds have been allocated towards:

Charging Network Expansion: Deploying over 30,000 EV charging points with plans to install over 100,000 within the next 18 to 24 months.

Product Development: Enhancing the product portfolio with a mix of slow and fast charging points.

Operating System Deployment: Advancing the Bolt.Earth OS to support software-defined vehicles.

Talent Acquisition: Onboarding professionals across tech, engineering, and product disciplines.

International Expansion: Extending presence into new markets to promote EV adoption.

Technological Platform and Innovation

Proprietary Technologies

Bolt.Earth OS: A connected platform technology enabling OEMs to develop, operate, and monitor their charging networks and vehicles.

Scientific Methodologies

Data Analytics: Utilizing advanced analytics and data science to identify consumer-specific charging needs and strategically deploy charging points.

Leadership Team

Raghav Bharadwaj: Appointed as CEO in January 2025, previously served as Chief Operating Officer.

Mohit Yadav: Co-founder and Chief Technology Officer, focusing on technological advancements and product development.

Jyotiranjan Harichandan: Co-founder and Head of Strategic Partnerships, leading collaborations and market expansion efforts.

Leadership Changes

In January 2025, Bolt.Earth underwent a leadership transformation:

CEO Appointment: Raghav Bharadwaj succeeded co-founder Jyotiranjan Harichandan as CEO.

New Roles for Co-founders: Mohit Yadav transitioned to Chief Technology Officer, and Jyotiranjan Harichandan became Head of Strategic Partnerships.

Competitor Profile

Market Insights and Dynamics

The Indian EV market is experiencing rapid growth, with the government implementing policies to promote EV adoption. The demand for robust charging infrastructure is escalating, presenting opportunities for companies like Bolt.Earth.

Competitor Analysis

Key competitors include: