Upaya Invests In Accelero To Accelerate Affordable, Clean Mobility For Underserved Communities

Press Release

Dec 21

Written By Upaya

Bangalore, India | December 22, 2025

Upaya Social Ventures is pleased to announce its latest investment in Accelero Vehicles, the company behind the pioneering electric mobility brand eBik. This investment will support Accelero’s mission to expand clean, affordable, and accessible mobility solutions—serving both everyday commuters and workers who depend on reliable mobility to increase their incomes and productivity such as cart pullers, delivery workers, and micro-entrepreneurs.

Founded in 2017, Accelero is driven by the belief that affordable electric mobility can transform lives. The company develops sustainable alternatives to pollutant-emitting, fuel-driven vehicles, focusing on communities facing severe heat stress and heightened climate vulnerabilities. The company’s affordable electric mobility options are designed to improve income, health, and overall well-being, delivering meaningful change to households and the communities they serve.

“Our vision is to provide affordable and clean mobility solutions, ensuring that every Indian has access to motorized mobility. Our partnership with Upaya Social Ventures will help Accelero deepen its presence in multiple cities, focusing on underserved communities that are facing the adverse effects of climate change. Together, we aim to ensure that no one is left behind in the electric vehicle revolution.” said Anant Jain, Founder & CEO of Accelero.

This investment follows Accelero’s successful participation in the ClimaFii Alliance Cohort 2025. The ClimaFii Alliance, led by Shell Foundation and Accion, with Upaya Social Ventures as the India partner, provides catalytic support to climate-smart enterprises to bridge the gap between energy access and financial inclusion for micro-enterprises across India and Sub-Saharan Africa.

"Anant and the Accelero team are solving an often-overlooked challenge in mobility by providing high-quality, affordable, and clean electric solutions for underserved segments like gig workers, daily wage earners who lack access to motorized transport. By combining innovation with purpose, they are improving access, income, and dignity, which is exactly the kind of impact Upaya supports as we scale solutions that create dignified jobs and advance India’s net-zero transition,” said AB Chakravarthy, Co-CEO of Upaya Social Ventures.

Accelero’s model is grounded in research and innovation, prioritizing high-quality, eco-friendly, and cost-effective mobility solutions. Since starting commercial operations in 2019, the company has expanded to more than 20 cities. Its commitment extends beyond technology to driving social upliftment, ensuring its solutions maintain affordability, comfort, and convenience. Their team remains deeply committed to improving living standards through innovation rooted in purpose.

This marks Upaya’s 47th investment from the Pool of Recoverable Grants (PRG), which will help Accelero expand its manufacturing facility in New Delhi, strengthen its nationwide channel partner network, and continue developing innovative products that advance dignity and economic mobility for everyday users.

ABOUT UPAYA SOCIAL VENTURES:

Upaya Social Ventures is building a dignified economy by providing investment and support to early-stage businesses creating sustainable livelihoods for people living in the most extreme poverty.

Upaya’s award-winning impact-first model seeks out and supports oft-overlooked companies creating work that is safe, stable, inclusive, and rewarding—generating a transformative impact on families, communities, and economies.

Since its founding in 2011, Upaya’s portfolio companies have created over 72,000 dignified jobs across India. Please visit upayasv.org for more information.