ChargeZone Aims to Secure $125 Million to Enhance EV Charging Infrastructure
ChargeZone, a company that sets up electric vehicle (EV) charging stations, wants to work with big car companies in India to improve the EV charging network across the country.
Kartikey Hariyani, who started ChargeZone and is its CEO, said in an interview that they are going to make official agreements with Volvo-Eicher, Ashok Leyland, and Maruti Suzuki soon.
This company from Gujarat joined forces with MG Motors on Thursday to make the EV charging system in India better. Before this, they had worked with several well-known car makers like Hyundai, Mercedes-Benz, Kia Motors, and Audi.
In order to facilitate the use of public charging infrastructure by owners of electric vehicles and to support automotive consumers’ need for energy storage, the firm has launched a new funding round., “USD 50 million round was announced a couple of quarters ago, and we have just initiated a new round, which is USD 125 million, and we plan to complete the race by next summer,” he added.
ChargeZone provides charging points for both passenger vehicles (PVs) and MHCVs.
“In case of electric buses and electric trucks, you require superchargers, and the ratings of the charges generally are 180 kilowatt while those in case of electric cars, it’s ranging from 30 – 60 kilowatt.”Hariyani said, Talking about the energy difference between the two passenger vehicles (PVs) and MHCVs.
There are certain challenges to building a good EV infrastructure scenario in India.
The company’s new electric mobility platform, Billion Electric, will work with Ashok Leyland to deploy electric trucks for mid-mile mobility, which typically has a range of up to 500 km. By the end of this year, the collaboration will be announced.
“Locations, getting enough electrical load at a particular site, reliability on the highways” are the challenges that are not confined to India but worldwide.– said, Hariyani
”We have provided Charge Cloud as a technology to ADNOC Abu Dhabi National Corporation,” he said when talking about the expansion of ChargeZone. ADNOC is one of the largest oil and gas giants in the Middle East.
The business claims to have a proprietary technology called Charge+ Cloud, an operating system to manage the charges, which makes the charging process entirely automated and frictionless.