CHARGE+ZONE, an electric vehicle (EV) charging firm, has raised $10 million in a bridge financing sponsored by Venture Catalysts.
The funds will be used to expand the company’s existing electric vehicle charging network.
CHARGE+ZONE, which was founded in 2018, is an EV charging infrastructure startup that specialises in B2B and B2C charging services using smart-grid networks.
The Gujarat-based EV company has a 500-kilometer electrified B2C National Highway Network stretching from Mumbai to Ahmedabad, with plans to electrify 10,000 kilometres across India in conjunction with partners, dealers, and franchisees.
Fast DC Charging Networks for Electric Buses, Electric Cars, and Electric 2 and 3 Wheelers, Battery Swapping Networks for Electric 2 and 3 Wheelers, and SAAS are the company’s top revenue generators.