To lead ambitious growth and funding plans in India’s e-mobility sector, finance veteran Parveen Sabharwal joins Urja Mobility as its new Director, bringing 40+ years of expertise.
Urja Mobility, which provides electric vehicle (EV) battery leasing solutions, has appointed Parveen Sabharwal as its new Director. With over 40 years of expertise in banking and finance, Sabharwal’s leadership is expected to drive the company’s overall growth in revenue and services, supporting its presence within India’s e-mobility industry.
Sabharwal brings extensive experience in credit underwriting, policy development, and business relationship management. He currently serves as Vice President of Corporate Strategies at a leading non-banking financial company (NBFC) in the EV sector, where he manages credit approvals and drives portfolio diversification. Additionally, as the former CEO of Mufin Green Finance, he led initiatives in sustainable finance.
According to the company, his commendable knowledge of the green energy ecosystem aligns well with its mission to transform energy consumption and supply chain operations in the EV sector.
Pankaj Chopra, Founder of Urja Mobility, further commented, “Mr Sabharwal’s expertise and strategic insights will be instrumental in guiding us through our next phase of growth.”
Expressing excitement about the new role, Sabharwal stated, “I look forward to leveraging my experience to accelerate sustainable innovations and contribute to the company’s vision.”
Urja Mobility has recently concluded a successful Pre-Series A funding round, which was led by Mufin Green Finance and Hindon Mercantile Limited. The funding will expand Urja Mobility’s operations and strengthen its infrastructure. The company is also targeting an additional ₹2.5 billion in funding by early 2025 for further growth.
Founded in New Delhi, Urja Mobility focuses on simplifying the ownership of commercial EVs. The company offers leasing options for various EV categories, including L3, L5, and electric L2 vehicles, aiming to convert the upfront battery cost into a manageable monthly lease value, enabling customers to operate vehicles based on future earnings.
