CHARGE+ZONE, a leading EV charging company has announced that it has successfully completed the first phase of installing 1600+ EV charging stations across 450+ locations and covering more than 15,000 kms of highway across the country. With this milestone, the company has also announced plans to raise $125 million in equity as part of its Series A2 round of funding. The funds will primarily be deployed to accelerate the next phase of expansion of its retail network in State and National Highway Charging infrastructure, Product R&D and a strategic investment in e-mobility companies.
Reportedly, highways & urban charging has emerged as the fastest-growing and most profitable business verticals for CHARGE+ZONE over the last three quarters. Through strong mobility partnerships with leading Indian and global electric cars and electric bus/truck manufacturers, CHARGE+ZONE has installed fast chargers across key highways in the country ensuring convenient accessible and seamless charging experience for electric vehicle owners.
In October 2022, Charge+Zone, an electric vehicle charging network and Mahindra & Mahindra (M&M) announced their collaboration to build a network of EV charging stations for Mahindra’s upcoming electric SUVs. According to the company, Mahindra’s EV users would have access to the Charge+Zone network of more than 2,500 charging points across 25 cities and 10,000 km of highways by the end of In October 2022, Charge+Zone, an electric vehicle charging network and Mahindra & Mahindra (M&M) announced their collaboration to build a network of EV charging stations for Mahindra’s upcoming electric SUVs. According to the company, Mahindra’s EV users would have access to the Charge+Zone network of more than 2,500 charging points across 25 cities and 10,000 km of highways by the end of financial year 2022-23.