BrahMos WORLD INDIA MADHYA PRADESH BHOPAL WTN SPECIAL GOSSIP CORNER RELIGION SPORTS BUSINESS FUN FACTS ENTERTAINMENT LIFESTYLE TRAVEL ART & LITERATURE SCIENCE & TECHNOLOGY HEALTH EDUCATION DIASPORA OPINION & INTERVIEW RECIPES DRINKS BIG MEMSAAB 2017 BUDGET 2017 FUNNY VIDEOS VIRAL ON WEB PICTURE STORIES Mahakal Ke Darshan
WTN HINDI ABOUT US PRIVACY POLICY SITEMAP CONTACT US
logo
Breaking News

Homegrown EV charging network provider Statiq raises $26 mn

Thursday - June 23, 2022 6:06 pm , Category : SCIENCE & TECHNOLOGY
New Delhi, June 23 (IANS) Homegrown electric vehicle (EV) charging network provider Statiq on Thursday said it has received $25.7 million in a Series A funding led by Shell Ventures.
The company will use the funds to invest in product engineering and network infrastructure as well as reinforcing the core team.
"Securing the first closing of our Series A ensures delivering on value-enhancing growth options already secured by Statiq, as we set out to build India's leading EV charging services company," said Akshit Bansal, Co-Founder and CEO, Statiq.
Founded in 2019 by Bansal and Raghav Arora, Statiq aims to provide an end-to-end service for EV charging solutions for landowners, EV users and vehicle manufacturers.
The startup said it is also building a smart EV charging network and helping each stakeholder grow with the company.
"With this funding, we plan to rapidly scale our business while continuing to invest further in technology, innovation and product development," said Raghav Arora, Co-Founder and CTO.
Statiq recently teamed up with Hero Electric and also collaborated with EV maker Ather to enhance the combined EV charging network in the country.
"With its consumer-centric approach, we believe Statiq is on-track to lead the EV charging experience in India," said Robert Linck, Chief Investment Officer, Shell Ventures.

--IANS na/

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)

RELATED NEWS