What is RoadGrid's latest funding round for?

RoadGrid recently closed a pre-Series A funding round to expand its EV charging network, manufacturing, and software operations.

How will RoadGrid's new funding impact India's EV transition?

The funding will help RoadGrid scale its universal EV charging infrastructure, which is essential for India's projected growth in electric vehicles by 2030.

What type of chargers does RoadGrid develop?

RoadGrid develops patented universal EV chargers designed to be compatible with two-wheelers, three-wheelers, and four-wheelers.

Home / Business and Economy / RoadGrid Secures Funding for EV Charging Network Expansion

RoadGrid Secures Funding for EV Charging Network Expansion

7 Jan

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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 Secures Funding for EV Charging Network Expansion

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.