Ev Charging Infra Platform Charge+Zone Raises $54 Million
03/24/23, 10:54 AM
Location
vadodaraMoney raised
$54 million
Industry
motor vehicle manufacturing
Electric vehicle charging infra platform CHARGE+ZONE on Monday announced raising $54 million (Rs 450 crore) in Series A1 funding round led by global impact investment management firm BlueOrchard Finance. Additionally, the company plans to raise $75-100 million in equity as part of Series A2 during 2023-2024, CHARGE+ZONE said in a statement. The current Series A1 funding round is part of the planned capex investment of $300 million, as the company expects crucial growth for the electric four-wheeler segment over the next 4-5 years, the statement said. The freshly raised capital, which is a combination of both debt and equity, will be utilised to support high-speed charging network expansion plans, the company said
Company Info
Location
vadodara, gujarat, india
Additional Info
CHARGE ZONE is a tech-driven EV Charging infrastructure company specializing in B2B and B2C charging services on both dedicated and opportunity based charging using smart-grid network.
Based in India, with indigenous development of the technology of mobile-app and CMS with firmware/web-socket cloud based computing, CHARGE+ZONE is on a mission to establish 100,000 charging stations across important markets of EVs in India for cars, buses and even trucks.