Charge+Zone Signs $300M Investment Pact With Gujarat Govt To Set Up 50,000 EV Charging Stations Across India

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Under the collaboration, a network of 10,000 un-manned and app-driven charging stations will be set up on the national and state highways within Gujarat and scale it up to over 50,000 charging stations to cover pan-India

EV charging infrastructure provider Charge+Zone and the Gujarat government have signed a $300-Million investment partnership to set up 50,000 EV charging stations across the country. The partnership was facilitated by startup incubation centre iCreate.

An official statement informed that the two partners signed an initial with an objective to amplify the charging infrastructure for EVs on national and state highways across India.

Under the collaboration, a network of 10,000 un-manned and app-driven charging stations will be set up on the national and state highways within Gujarat and scale it up to over 50,000 charging stations to cover pan-India.

The memorandum of understanding (MoU) signed between both the parties aims to further electrify 10,000 km of national and state highways in the next 3-5 years with super-fast charging stations, it stated.

It added that the Gujarat government will facilitate Charge+Zone to obtain necessary clearances and approvals from the departments concerned of the state as per the existing policies of the state government.

“This MoU with the Gujarat government coupled with the successful magnetless EV motor project with Sona Comstar and our EVangelise EV Innovation programme have made iCreate a reference point for EV innovators in India,” iCreate Chief Executive Officer Anupam Jalote said.

“It is an honour for us to partner with the government to electrify the roadways with EV charging points in the country. With this, we have taken a step closer towards achieving our mission of setting up one million charging points in the country and consequently, accelerating the adoption of EVs in the country,” Charge+Zone founder CEO Kartikey Hariyani said.

Charge+Zone has created an active business-to-business (B2B) and business-to-consumer (B2C) network for EV charging for both fleet and retail customers by setting up over 1,250 charging points across over 400 charging stations, serving around 3,000 EVs (cars and buses) on a daily basis, according to the statement.

The company said it now looks forward to setting up new hubs for over 3,000 electric buses for intercity public transportation in over 10 states.

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