Charge Zone has secured a $19 million (Rs. 1.58 crore) commitment from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor. This investment marks a milestone in Charge Zone’s mission to revolutionize electric vehicle infrastructure in India.
It aims to facilitate the seamless transition to electric mobility for commercial fleets operating in urban centers. This expansion strategy will focus on key markets such as Delhi, Ahmedabad, Mumbai, Pune, Hyderabad, Bangalore, and Chennai where the demand for EV charging infrastructure is rapidly growing.
Vision for expanding Charge Zone infrastructure across India:
Charge Zone is poised to speed up the expansion of its high-speed charging network for electric cars, buses, and trucks across key cities and highways in India. This enables the company to roll out more than 1500 super-charging stations over the next 18 months and reach a portfolio of over 10,000 charging stations by 2027.
This long-term plan aims to execute a network of one million charging points by 2030. To fund the expansion, Charge Zone has successfully raised a total of $54 million (4.50 crore) from investors.
