82Volt,Bengaluru based electric vehicle (EV) charging technology start-up, announced completion of its seed funding round. The company has received Rs 50 million from angel investors. With the infusion of new funds from the seed investment round, the start-up intends to grow its installation capacity to 100 chargers through channel partners over the next two months. The company intends to expand its personnel and market reach over time.
82Volt currently has 10 chargers installed and a contractual capacity of 550. These chargers include a variety of distinct features and are linked to a customised software system. 82Volt provides a comprehensive range of AC and DC charging options, as well as innovative software solutions.
According to the company, their chargers are strong, technologically innovative, and programmed to collect more than 100 data points from each charging cycle, resulting in a smarter and more convenient experience. Furthermore, they readily interface with a variety of associated services such as home automation, e-commerce, and advertising platforms.
Recently, CHARGE+ZONE 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.