EV Charging Startup Charge+Zone raised $3 Mn In Pre Series A Round
Electric Vehicle charging startup Charge+Zone has raised funding of $3 Mn in a pre-series A round led by Venture Catalysts. The round saw participation from Mumbai Angels, Keiretsu Forum and Ramakrishnan Family Office.
With this fresh capital, Charge+Zone plans to scale its operations and work towards its goal of building one million unmanned charging points in the country within 10 years.
Charge+Zone claims its mobile application provides drivers of electric vehicles with a one-stop solution for issues such as the availability of charging points and pre-booking them. The company says it has more than 120 fast DC charging points across seven cities, and that it caters to more than 500 vehicles daily.
Kartikey Hariyani, founder & CEO, Charge+Zone said, “The investment by Venture Catalysts and Mumbai Angels, as well as other family offices, represents the biggest vote of confidence at this growth-stage of our journey. We shall leverage the capital infusion to scale our operations towards early 2021 deployment plans and to keep us motivated as we work towards building 1 Mn unmanned charging points in the next ten years in India.”