British International Investment (BII), the UK government’s development finance institution, has committed $19 million to ChargeZone, the electric vehicle (EV) charging startup. The startup plans to use the funds to accelerate the growth of its charging network for EVs, including cars, buses, and trucks, throughout major cities and highways in India.
The company’s expansion strategy targets markets like Delhi, Ahmedabad, Mumbai, Pune, Hyderabad, Bengaluru, and Chennai, where the demand for EV charging infrastructure is rising swiftly. This funding will allow the startup to deploy over 1,500 supercharging stations in the next 18 months, aiming for a total of more than 10,000 charging stations by 2027.
In February 2024, Pulse Energy collaborated with ChargeZone and over 20 charging networks throughout India, focusing on delivering a cohesive electric vehicle (EV) charging experience for individual EV users and fleets.
