Urja Mobility has appointed Parveen Sabharwal as its new Director. With more than 40 years of distinguished experience in banking and finance, Sabharwal is poised to play a key role in driving the company’s growth and fostering innovation in the e-mobility sector.

Known for his expertise in credit underwriting, policy development, and team building, Sabharwal has a strong history of building valuable business relationships and achieving significant results.

His deep understanding of the green energy ecosystem aligns seamlessly with Urja Mobility's mission to revolutionize energy consumption and supply chain management for the e-mobility sector.

Currently serving as Vice President of Corporate Strategies at one of India's leading NBFCs in EV, Sabharwal oversees approvals for credit proposals and loans and coordinates with senior management to drive acquisitions and diversify the product portfolio. Additionally, as the former CEO of Mufin Green Finance, he spearheaded groundbreaking initiatives in sustainable finance.

Parveen Sabharwal, Director, of Urja Mobility, said, “I am thrilled to join Urja Mobility during this exciting phase of growth. I look forward to leveraging my experience to accelerate sustainable innovations and contribute to the company's vision of transforming the e-mobility space”.

Pankaj Chopra, Founder, of Urja Mobility said, “Sabharwal’s expertise and strategic insights will be instrumental in guiding us through our next phase of growth. His appointment reinforces our commitment to building a robust and sustainable e-mobility ecosystem in India”.

This leadership enhancement follows Urja Mobility's successful Pre-Series A funding round, which was led by Mufin Green Finance Limited and Hindon Mercantile Limited.

The investment will fuel the growth of Urja Mobility’s EV battery leasing business and strengthen its infrastructure. With an ambitious goal of raising an additional INR 250 crores by early 2025, the company plans to expand its presence in the e-mobility sector.