Bolt Earth
India, IN · Founded 2017 · 250 employees on LinkedIn · 6 known investors
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Bolt.Earth operates India's largest peer-to-peer electric vehicle charging network, with over 100,000 chargers across 2,100+ cities serving 545,000+ active EV users. The company provides smart charging infrastructure for 2, 3, and 4-wheeler EVs with both standard and fast charging options.
Also known as BOLT · Bolt.Earth · REVOS · Revos AutoTech Pte Ltd · Ujoy Technology Pvt Ltd
Founders & leadership
Bolt Earth was founded in 2017 by Mohit Yadav, Jyotiranjan Harichandan, and Raghav Bharadwaj.
Investors · 6
Also in the syndicate · 2
Company profile
researched Aug 2026Bolt.Earth is an Indian electric-vehicle charging infrastructure and software company that operates a distributed, peer-to-peer charging network supporting 2-, 3- and 4-wheeler EVs with both standard and fast charging. Its offering spans smart charging hardware for homes, residential communities, workplaces, fleets and highway locations; a mobile app and charge-management system (CMS) for access control, session monitoring, reporting and payments; and end-to-end services including site assessment, installation plans, certified installation and testing, onboarding and KYC, activation, maintenance and 24/7 support. The company also develops its own software stack, Bolt.Earth OS, which has been deployed in vehicles and integrated with controllers and speedometers.
The network operates on a host model: owners of charging points can set them to Public Paid, Public Free or Private modes through the app and set their own price per unit of energy, allowing them to earn income from third-party charging sessions. Home charging points are described as OCPP-compliant and rated to dispense up to about 3.3 kW at 220-240V. Product lines include the Blaze AC fast charger for 4-wheelers and the Blaze DC fast charger for 2-wheelers.
Corporate entities associated with the business include Ujoy Technology Pvt Ltd, with a registered and R&D office in HSR Layout, Bengaluru, Karnataka, and Revos AutoTech Pte Ltd in Singapore, plus a warehouse in Begur, Bengaluru.
Founding story
Founded in 2017 as REVOS on the premise that India needed cost-effective infrastructure to support EV adoption, the company began by building IoT-connected devices for electric vehicles. Uptake of that initial offering enabled partnerships, after which the brand was renamed from REVOS to Bolt.Earth.
Business model
Bolt.Earth sells EV charging hardware to individuals and businesses through its website, dealers, franchisees, channel partners and bulk orders, and layers on subscription-style software (app and CMS) and service, maintenance and support offerings. Charger hosts, including homeowners, can list their devices publicly and earn income from sessions booked and paid through the Bolt.Earth app, making the network largely asset-light and distributed rather than company-owned.
Revenue is derived from sales of charging hardware (individual units through to full charging hubs), installation and ongoing service, maintenance and warranty offerings, and charging software (app plus charge-management system) for hosts, fleet operators, residential communities and enterprises. Charging sessions are booked and paid for in-app, with hosts setting a price per unit of energy above their electricity cost.
Traction
Company disclosures report more than 100,000 chargers deployed across more than 2,100 cities, 597,000+ active EV users, 9,600+ MWh of energy dispensed and 4 million+ kg of CO2 emissions saved. Growth milestones cited include 20,000+ charging points in 500+ cities and 500 MWh dispensed in 2022 with 100,000+ app users; 30,000+ chargers and 1,000 MWh dispensed in 2023; and 36,000+ chargers, 3,400+ MWh and 210,000+ users across 1,600+ cities by the end of 2024. Inc42 lists 244 employees and a Glassdoor rating of 4.30.
Latest developments
In January 2025 the company raised $5 million in Series A+ funding led by Version One Ventures with participation from Union Square Ventures and Prime Venture Partners, following a $20 million round announced in October 2023 that included Union Square Ventures, Prime Venture Partners and ITIGO Funds. Proceeds from the 2023 round were earmarked for network expansion, product and operating-system development, hiring and international expansion. The company reports its network has since grown past 100,000 chargers across 2,100+ cities and nearly 600,000 active users.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
The company positions itself as India's largest EV charging network. It states it was recognized as India's largest charging network by JMK Research and Analytics and the Bureau of Energy Efficiency, and claims a 63% share of public charging stations deployed in India as of end-2024; an earlier company page claims roughly 50% of the EV charging market.
A peer-to-peer, distributed network model in which third-party hosts own and monetize chargers, combined with in-house hardware manufacturing at low price points, a proprietary operating system (Bolt.Earth OS), coverage across 2-, 3- and 4-wheeler segments, and bundled installation, maintenance and 24/7 support.
Technology
The company builds IoT-connected charging devices and the Bolt.Earth OS software stack. Home charging points are described as OCPP-compliant, weatherproof, with Wi-Fi and Bluetooth connectivity, intelligent power management, and a scan-pay-charge flow via QR code; maximum dispensed power is stated at 3.3 kW at 220-240V. A charge-management system and consumer app provide charger discovery and filtering by vehicle and connector type, booking, session control, payments, reporting and remote software updates. Fast-charging products include the Blaze AC charger for 4-wheelers and the Blaze DC charger for 2-wheelers, stated to deliver up to 100 km of range in 15 minutes.
Go-to-market
Direct online sales from the company website and an enquiry form, supported by a sales team and 24/7 IVR customer support, alongside a dealer, franchisee and channel-partner program for bulk orders. The company runs end-to-end deployment for business customers (free site assessment, execution plan and pricing, installation and testing, onboarding and activation, ongoing maintenance), and pursues OEM charging partnerships. Earlier growth was driven by consumer campaigns such as the Re 1 campaign in 2021 to encourage home and public charging adoption.
Individual EV owners and home charger hosts; residential communities and housing societies; businesses, workplaces and enterprises (examples cited include Bank of America in Bangalore and residential projects in Mumbai, Pune and Bangalore); fleet operators; dealers, franchisees and channel partners; and vehicle OEMs (for example Bajaj service operations and Batt:RE).
Geography
Operations are centered on India, with a registered and R&D office and warehouse in Bengaluru, Karnataka, and a network spanning 2,100+ cities including rural areas. An overseas entity, Revos AutoTech Pte Ltd, is registered in Singapore. The company reports pilot studies in neighboring countries, earlier collaborations with partners in China and Southeast Asia, and stated plans to expand into Asia, Europe, South America and Latin America.
History
After its 2017 founding as REVOS, the company launched what it describes as India's first peer-to-peer EV charging network in 2018, together with a mobile app allowing charger owners to earn passive income, and scaled manufacturing and distribution. In 2019 it worked with partners in China and Southeast Asia, developed a multi-support OS integrating controllers and speedometers, launched monochrome and segmented blue display speedometers, shipped the monochrome speedometer with Batt:RE, and established partnerships with Sun Mobility and mirakle5. In 2020 it launched its first EV equipped with Bolt.Earth OS. In 2021 it ran the Re 1 campaign and deployed Bolt.Earth OS in over 10,000 EVs. The brand changed from BOLT to Bolt.Earth in 2023. In 2024 Raghav Bharadwaj became CEO while co-founders Mohit Yadav and Jyotiranjan Harichandan moved into CTO and Head of Strategic Partnerships roles, and the company launched the Blaze AC and Blaze DC fast chargers.
Risks & controversies
Network scale, market-share and impact figures (chargers deployed, users, energy dispensed, 63% and ~50% market-share claims) are self-reported on the company's own website and vary across pages. Third-party aggregator funding tables differ from company statements on round dates and stage labels. The peer-to-peer model depends on third-party hosts for capacity and on continued EV adoption and electricity subsidy policy in India.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 10
launches, deals, and filingsRecognized as India's largest charging network by JMK Research and Analytics and the Bureau of Energy Efficiency (BEE).
The company secured $5 million in Series A+ funding led by Version One Ventures, backed by Union Square Ventures and Prime Venture Partners.
$5M source ↗
Raghav Bharadwaj became CEO, while co-founders Mohit Yadav and Jyotiranjan Harichandan moved into the roles of CTO and Head of Strategic Partnerships respectively.
Launched the Blaze AC fast charger for 4-wheelers and the Blaze DC fast charger for 2-wheelers, stated to deliver up to 100 km of range in 15 minutes of charging.
Bolt Earth announced a $20 million funding round with participation from Union Square Ventures, Prime Venture Partners and Investment Trust of India-backed ITIGO Funds, among others; no valuation was disclosed. Funds were earmarked for charging network expansion, product and operating-system development, hiring and international expansion into Asia, Europe, South America and Latin America.
$20M source ↗
The company changed its brand name from BOLT to Bolt.Earth at the start of 2023.
Introduced the Re 1 campaign to incentivize home and public EV charging adoption and deployed Bolt.Earth OS in over 10,000 EVs.
Launched its first EV equipped with the Bolt.Earth OS software stack.
Launched a monochrome speedometer with Batt:RE and established partnerships with Sun Mobility and mirakle5 while developing a multi-support OS integrating controllers and speedometers.
Launched what the company describes as India's first peer-to-peer EV charging network along with a mobile app enabling charger owners to generate passive income via a scan-pay-charge flow.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 8
primary sources listed
- Bolt Earthbolt.earth · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Bolt Earth do?
- Bolt.Earth operates a peer-to-peer EV charging network in India, selling charging hardware, software and installation services.
- Who founded Bolt Earth?
- Bolt Earth was founded by Mohit Yadav, Jyotiranjan Harichandan, Raghav Bharadwaj in 2017.
- Who are Bolt Earth's investors?
- Bolt Earth's investors include Prime Venture Partners, Version One Ventures, Horizons Ventures, Hyderabad Angels.
- Where is Bolt Earth headquartered?
- Bolt Earth is headquartered in India, IN.