Home / Business and Economy / RoadGrid Secures Funding for EV Charging Network Expansion
RoadGrid Secures Funding for EV Charging Network Expansion
7 Jan
Summary
- RoadGrid raised pre-Series A funding for EV charging network.
- Company plans to expand manufacturing and refine software.
- Patented universal chargers to support multiple EV types.
RoadGrid, an electric vehicle charging infrastructure company, has successfully raised pre-Series A funding to bolster its operations. This capital injection will be instrumental in expanding the company's manufacturing capabilities and further refining its cutting-edge software platform.
The funding round, led by Venture Catalysts, saw participation from several angel and strategic investors. RoadGrid's expansion plans include scaling its charging network and enhancing its cloud-based software, crucial for managing charging operations as India's EV adoption accelerates.
With a focus on developing patented universal EV chargers and building a nationwide network, RoadGrid aims to be foundational to India's burgeoning EV ecosystem, which projects between 80 to 100 million electric vehicles by 2030.
