Mobec.io - Comprehensive Analysis Report

Summary

Mobec.io, founded in Noida, India, in 2022, is a pioneering provider of sustainable electric vehicle (EV) charging, energy storage, and e-waste recycling solutions. The company's core mission is to empower India's progress by developing reliable electric mobility infrastructure and significantly reducing reliance on imported technologies, thereby fostering self-reliance through indigenous innovation. Mobec is committed to building a cleaner, smarter, and future-ready energy system, aligning its operations with global Sustainable Development Goals and India's ambitious Net Zero targets. The company plays a crucial role in addressing range anxiety for EV owners, providing customizable energy solutions, and promoting a circular economy through advanced lithium battery recycling.

1. Strategic Focus & Objectives

Core Objectives

Mobec's primary goal is to address the burgeoning challenges of EV adoption and sustainable energy management within India. The company aims to alleviate range anxiety and minimize vehicle downtime for EV owners by deploying innovative portable charging infrastructure. A significant objective is to establish a comprehensive framework for operating advanced lithium battery recycling facilities across India, prioritizing resource recovery and environmental compliance. Ultimately, Mobec strives to contribute to a substantial reduction in carbon footprints and overall environmental impact, supporting national self-reliance and sustainability targets.

Specialization Areas

Mobec specializes in three critical areas:
Portable EV Charging Infrastructure: Developing and deploying mobile and flexible charging solutions to enhance accessibility and convenience for electric vehicle users.
Customizable Energy Storage Solutions (ESS): Designing advanced, clean energy storage systems for a diverse range of applications, including residential, commercial, and grid balancing.
Advanced Lithium Battery Recycling: Implementing comprehensive recycling initiatives for e-waste, particularly focusing on lithium-ion batteries, to recover valuable metals and promote a circular economy.

Target Markets

Mobec primarily targets the rapidly expanding Indian EV market, catering to individual EV owners, fleet operators, auto manufacturers, and car rental services with its mobile charging solutions. Its energy storage systems are designed for homes, businesses, and grid integration. The lithium battery recycling services address the national need for sustainable waste management, targeting the broader ecosystem involved in EV battery lifecycles and e-waste management.

2. Financial Overview

Funding History

Mobec has successfully raised a total of $1 million in funding.
Seed Round:
Date: April 24, 2023
Amount: $1 million
Key Investor: Purplestoneconsulting
Fund Utilization: The capital raised is earmarked to support the company's ongoing operations and facilitate expansion efforts across its key sectors: EV charging, energy storage, and e-waste recycling.
Impact on Company Growth: This funding round has been instrumental in strengthening Mobec's development of its product pipeline, including mobile EV charging solutions, energy storage systems, and the establishment of its lithium battery recycling plant.
As of March 31, 2024, Mobec Innovation Private Limited generated an annual revenue of ₹45.8K.

3. Product Pipeline

Key Products/Services

Mobile EV Charging Solutions
Description: Portable EV charging systems engineered for speed, mobility, and reliability. These include compact mobile chargers for on-the-go portability and ultra-fast charging capabilities designed to minimize vehicle downtime.
Development Stage: Actively developed and deployed.
Target Market/Condition: Individual EV owners, fleet operators, auto manufacturers, and car rental companies seeking flexible and accessible charging options.
Key Features and Benefits: Modular power banks like the Mobec 3 offer 3.6 kWh output, stackable to capacities of 7, 15, and 20 KWh. This Mobile-Charging as a Service (M-CAAS) model provides convenient and efficient energy delivery.

Energy Storage Systems (ESS)
Description: Advanced ESS providing reliable and sustainable power for various applications. Solutions include "Gen Set" and "HomeZ" models.
Development Stage: Actively developed and offered.
Target Market/Condition: Homes, businesses, and grid balancing applications requiring clean, reliable, and customized power solutions. Mobec Homez ESS is specifically for residential purposes, offering personal energy backup.
Key Features and Benefits: Designed for clean energy, mobility, and customization, with renewable-ready and solar-compatible features. Provides energy backup during outages or peak load times.

Lithium Battery Recycling Services
Description: Comprehensive services focused on developing and expanding capabilities for recycling end-of-life lithium-ion batteries.
Development Stage: Operational, with an inaugurated plant and active expansion plans.
Target Market/Condition: Addressing the critical need for structured recycling approaches in India due to the growing volume of end-of-life lithium-ion batteries and supporting a circular economy model.
Key Features and Benefits: The Noida plant has an annual processing capacity of 6,000 tons. Focuses on extracting valuable materials like lithium, cobalt, nickel, graphite, copper, and manganese, significantly reducing environmental waste and extending battery life cycles.

4. Technology & Innovation

Technology Stack

Mobec leverages a combination of proprietary technologies and advanced scientific methodologies to maintain its competitive edge in the sustainable energy sector.

Proprietary Developments:
Recycling Technologies: Mobec has proprietary recycling technologies and proven processes designed for efficient lithium battery recycling, which it shares with strategic partners.
Mobile and Modular Energy Solutions: The company's mobile EV charging units and modular energy solutions are proprietary, specifically engineered to overcome EV charging accessibility challenges and offer flexible alternatives to fixed infrastructure.

Scientific Methodologies:
Advanced Hydrometallurgical and Mechanical Extraction: Mobec employs sophisticated multi-stage processing systems in its lithium battery recycling plant. These include battery dismantling, component separation, black mass collection, purification, and the final extraction of valuable metals through hydrometallurgical and mechanical processes.

Technical Capabilities:
AI-driven Optimization (Roadmap): Mobec's future plans include integrating AI-powered routing for its mobile charging units to optimize energy delivery and minimize wait times. This will involve using smart analytics to predict demand spikes and enable real-time deployment, significantly enhancing efficiency in EV fleet management.

5. Leadership & Management

Executive Team

Harry Bajaj
Position: Founder and CEO, Mobec Innovation
Professional Background: A serial entrepreneur with a strong background in digital marketing and a passion for the EV industry. Prior to Mobec.io, he held leadership roles including CEO of Axismobi (a digital marketing firm) and Director of International Business and Strategies at YeahMobi.
Key Contributions to the Company: Founded Mobec.io as an M-CAAS (Mobile-Charging as a Service) green company, driving its vision and strategic direction in sustainable mobility and recycling.

Veronica Bajaj
Position: Director, Mobec Innovation Private Limited

Herree Bajjaajj
Position: Director, Mobec Innovation Private Limited

6. Talent and Growth Indicators

Hiring Trends and Workforce

Mobec is a seed-stage company actively growing its team. As a Mobile-Charging as a Service (M-CAAS) green company, it continuously engages in research and development and welcomes talented and dedicated professionals. As of May 31, 2025, MOBEC INNOVATION PRIVATE LIMITED had an employee count of 21. Another associated legal entity had 17 employees as of October 31, 2024. More recent data from April 30, 2025, indicates an employee count of 22 for Mobec. These figures reflect a steady, albeit modest, expansion of its workforce as it progresses from a seed-stage startup.

7. Social Media Presence and Engagement

Digital Footprint

Mobec maintains an active social media presence across platforms such as X and Facebook.
Brand Messaging and Positioning: The company consistently shares news, updates, and thought leadership content focused on EV charging, battery recycling, and broader sustainable energy topics. Its messaging strongly emphasizes a commitment to circular energy, eco-conscious manufacturing, and fostering a green mobility future.
Community Engagement Strategies: Mobec actively engages its online community by highlighting company achievements, strategic partnerships, and providing insights into the growth of India's EV sector. It also shares content at the intersection of AI, Machine Learning, and electric vehicles, demonstrating its forward-thinking approach.
Notable Campaigns or Content: Recent posts highlight awards received, such as the Excellence in Battery Manufacturing and Recycling Gold Award, and key strategic partnerships, showcasing significant milestones.

8. Recognition and Awards

Industry Recognition

Mobec has garnered significant recognition and several prestigious awards, underscoring its impact and innovation in sustainable mobility and energy.

Excellence in Battery Manufacturing and Recycling (Gold Award): Awarded at the Financial Express Mobility Summit and Awards (FEMobility2025) on April 30, 2025. This accolade recognized Mobec's contributions in modular battery design, closed-loop battery recycling processes, innovations in mobile energy deployment, and efforts to promote adoption in tier 2 and tier 3 cities.
Hindustan Times Media Bharat Nirmaan Conclave and Awards, 2025.
India's Top 40 under 40: Recognized by Economic Times (ET) Edge - North Edition.
MSME Chamber of Commerce and Industry of India 6th Global Sustainability Summit and Expo.
Elite Club Member of Business World (BW) Autoworld Power List, 2025.

9. Competitive Analysis

Major Competitors

Mobec operates within a competitive ecosystem comprising 139 active companies, including 11 funded entities, primarily focused on EV charging and energy solutions.
SparkCharge: Known for its portable, modular EV charging solutions.
Sharge: A company involved in charging solutions, potentially including portable options.
Mojo Green: Likely focuses on green energy or EV-related services.

These competitors, similar to Mobec, are working to develop various aspects of EV charging infrastructure and energy solutions, creating a dynamic and innovative market landscape.

10. Market Analysis

Market Overview

India's EV market is experiencing exponential growth, with projections estimating 123 million EVs on the road by 2032, a substantial increase from 4.4 million in 2024 and 0.35 million in 2019. This rapid expansion presents significant opportunities for
reducing pollution and fuel costs. The surge demands a robust charging infrastructure, with an estimated need for over 2 million EV chargers and a substantial increase in power capacity to 23 GW by 2032.

Beyond charging, the increasing volume of end-of-life lithium-ion batteries creates a critical demand for structured recycling approaches. Without efficient recycling, there are considerable risks of hazardous waste contamination and heightened dependence on imported critical minerals like lithium, cobalt, and nickel. Mobec's strategic focus on battery recycling directly addresses this $13 billion industry opportunity and aligns with national initiatives such as the Atmanirbhar Bharat initiative and Net Zero emissions targets. Furthermore, the integration of AI and Machine Learning is poised to revolutionize the EV industry by improving efficiency in advanced driver assistance systems, autonomous vehicle deployment, predictive maintenance, and energy management.

11. Strategic Partnerships

Mobec actively pursues strategic collaborations to enhance its market position and expand its operational capabilities.

Lithium Battery Recycling Partners: Mobec announced its first strategic partner in Greater Noida, India, as part of a national drive to revolutionize lithium battery recycling. This partnership model grants collaborators access to Mobec's proprietary technologies, proven processes, and comprehensive support systems for efficient battery recycling. Mobec is currently in advanced discussions with several other potential strategic partners in key locations across India to further scale its recycling infrastructure.
Oil Lube Systems: In November 2025, Mobec.io partnered with Oil Lube Systems. This collaboration aims to replace traditional diesel gensets with clean, mobile energy storage solutions for India's largest passenger vehicle manufacturer and third-largest two-wheeler manufacturer. The partnership's objective is to reduce emissions and ensure reliable power availability for OEMs, fleet operators, and service networks.

12. Operational Insights

Mobec's distinctive competitive advantages stem from its comprehensive suite of sustainable solutions, which spans mobile EV charging, advanced energy storage, and lithium battery recycling. The company's proprietary technologies and its unique partnership model for battery recycling facilitate a collaborative and scalable approach to address India's pressing waste management and resource recovery needs.

By centering its efforts on modular and portable charging solutions, Mobec directly confronts the existing infrastructure gaps and range anxiety prevalent in the rapidly expanding Indian EV market, offering dynamic and flexible alternatives to static charging stations. Mobec's unwavering commitment to in-house research and development ensures that its technologies are specifically tailored to India's diverse geographical landscapes and its evolving energy requirements. Additionally, the company's strong emphasis on a circular economy model not only mitigates India's dependence on imported critical minerals but also aligns seamlessly with the nation's broader sustainability objectives.

13. Future Outlook

Strategic Roadmap

Mobec's strategic roadmap is designed to deepen its impact within the clean mobility and circular energy sectors. The company plans to continue investing significantly in technology that optimizes energy utilization, minimizes waste, and supports India's green mobility future. Key future initiatives and directions include:

Hybrid Energy Solutions: Developing innovative products that integrate multiple technologies to deliver smarter and more flexible EV charging experiences.
Scaling Battery Recycling Operations: Expanding its lithium battery recycling infrastructure across India through strategic partnerships to meet the increasing demand for sustainable energy storage solutions. This involves establishing a national framework for advanced recycling facilities.
Advancements in ESS and Power Backup Systems: Prioritizing enhancements in energy storage systems and power backup generators to support upcoming expansion initiatives aimed at scaling plant operations and capabilities.
AI Integration: Further integrating AI-powered routing for mobile charging units and leveraging smart analytics for predictive demand forecasting and optimized real-time deployment of resources.
Franchise Model Expansion: Empowering small business owners to actively participate in the green revolution by expanding its franchise model, fostering localized growth.