RoadGrid, a technology company building next generation electric vehicle charging infrastructure, has raised Pre-Series A funding of Rs12 crore led by Venture Catalysts.
The round, which marks a significant milestone in RoadGrid’s mission to create India’s largest and most accessible EV charging ecosystem, also saw participation from a strong group of strategic and angel investors, including Kamal Puri of Skyline Group, IPV, FAAD Network, LetsVenture, Pace Group’s Vrinda Goyal, Haresh Patel of Arthanomics, and Maneesh Shrivastav of Alpha Value.
Founded with a vision to enable seamless and sustainable electric mobility, RoadGrid is pioneering patented universal EV chargers designed to work across vehicle types and use cases.
The company is simultaneously developing a cloud-based software platform to transform the EV charging experience and building a nationwide charging station ecosystem to support India’s clean mobility ambitions. India is expected to have nearly 80 to 100 million EVs by 2030 as the government targets 30 percent electrification of private vehicles, creating unprecedented demand for charging hardware and infrastructure.
Dr Apoorva Ranjan Sharma, Founder & Managing Partner, Venture Catalysts, said, “India’s EV transition is at an inflection point, and charging infrastructure will be the backbone of this transformation. RoadGrid is building a rare combination of deep-tech hardware, scalable software, and on-ground execution capability. Their patented universal chargers and integrated platform address a real market gap across vehicle categories and use cases. We are excited to lead this round and partner with the team as they scale a future-ready EV charging ecosystem for India.”
RoadGrid operates across two high-growth segments. The first is manufacturing and sale of EV chargers to original equipment manufacturers, addressing the massive requirement for both offboard and fast DC charging for two-wheelers, three-wheelers, and four-wheelers. The second is operating public and commercial charging stations, a market that will require nearly 30 lakh charging stations by 2030 compared to about 8,000 currently installed nationwide.
Commenting on the fundraise, Founder and CEO Deepesh Shrinath said, “This Pre-Series round is a strong vote of confidence in RoadGrid technology and execution. With our VC partners, we will be scaling universal EV charging infrastructure that can become foundational to India’s EV ecosystem.”
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Founder and CTO Shashank Narayan added, “Technology is our core differentiator. This round enables us to strengthen our platform, expand integrations, and stay ahead of an evolving ecosystem.”
Founder and COO Chandraprakash Akotkar said – This fundraise strengthens our execution backbone. Our focus is on building reliable, scalable, and future-ready EV charging infrastructure—delivered with engineering precision, operational excellence, and speed across India.”
Founder and CMO Bharat Joshi said the capital would help scale charging infrastructure designed as a multi-revenue urban platform combining energy, media, and retail.
The company’s business model combines Charging as a Service with direct OEM sales. RoadGrid is establishing and operating charging stations with active deployments in Indore Noida and IOCL, alongside strong order books with utilities such as BSES and NPCL and Navi Mumbai Transport. The company has a confirmed pipeline exceeding 1,000 chargers. In parallel, RoadGrid supplies chargers directly to EV OEMs, supported by a similar strong order book.
The EV charging market, currently estimated at INR 5,000 crore, is projected to grow to INR 50,000 crore over the next six years. RoadGrid’s product portfolio spans the full spectrum of EV needs.
The company also supplies specialized solutions for commercial fleets, including chargers developed for Euler Motors and nationwide deployments supporting VinFast EV Network.
