EV Charging Solutions Provider EVRE Raises Undisclosed Fund in Pre-series Round2017年挂牌交易,EVRE目前奥维r 700 EV chargers across over 50 EV charging hubs in 12 cities in the country

ByAkshit Pushkarna

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Representative Image

在项目前期融资ACKO为首的技术gy and Services Pvt. Ltd. and CreedCap Asia Advisors, Sustainable Electric Vehicle Charging Solutions provider EVRE announces raise of an undisclosed capital. This investment comes at a time when the EV infrastructure segment is witnessing immense interest from the public and private sector to supplement the fast-growing EV adoption.

2017年挂牌交易,EVRE目前奥维r 700 EV chargers across over 50 EV charging hubs in 12 cities in the country. The company is currently in the process of ramping up production and expanding its bouquet of products and services to democratize access to EV charging stations across the country, contributing to the "Make-in-India initiative'.

Commenting on the announcement, Krishna K Jasti and Chandresh Sethia, Co-Founders at EVREsaid, "The newly announced investment will significantly expand our base and contribute to building the national charging infrastructure. The funding will be used to boost manufacturing capacity, accelerate new offerings and development, and expand charging hubs into different geographies. Our main focus will be to power the EV demand of Tier-I and Tier-II cities EV Fleets and also address the range anxiety issue as well. EVRE is working towards building EV-enabled communities and plans to associate with top EV fleet owners and realty firms to the provide them with an efficient and technology driven charging ecosystem for a frictionless EV experience."

The leading investors of the round, ACKO Technology and Services Private Limited ("Acko'') is the parent company of ACKO General Insurance. Speaking at the occasion, Ruchi Deepak, Co-founder Acko,said, "Electric Vehicles are no longer the thing of the future. The world is shifting towards sustainable forms of energy, and EVs are making their way into the mainstream. We firmly believe that a robust EV charging infrastructure is fundamental to increasing the large-scale adoption of electric vehicles in the country."

Wavy Line
Akshit Pushkarna

Features Writer

Related Topics

Leadership

From Indore to BSE

EKI's journey began in 2008 as a start-up initiative in Indore and it is now present in 17 countries around the world.

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.

News and Trends

Google Invites Applications For Eighth Batch Of Startups Accelerator Programme

Applications are open until August 22, and eligible startups should have AI as a core solution or product, including generative AI

Money & Finance

How to Make Money Online: 10 Proven Ways to Make Money Online

Need to know how to make money online as a side gig or new career? Check out this breakdown of the 10 top online money-making methods.

Thought Leaders

I Pitched 300 People a Day For 1 Year — and Learned This Impactful Entrepreneurial Lesson

After working myself to the bone pitching 300 people each day for one year, I came out of that experience as a new man — but surprisingly, an unhappier one. Here's what I learned.

Business Ideas

The Top 10 Home Business Ideas for 2023

Can't figure out which enterprise you should launch in 2023? Check out 10 stellar home business ideas to get inspiration.