The UK’s development financing institution (DFI) and impact investor, British International Investment (BII), has committed to giving Charge Zone $19 million, or Rs. 1.58 crore. In Charge Zone’s endeavour to transform India’s infrastructure for electric vehicles, this investment represents a significant turning point.
The goal of BII is to make it easier for business fleets operating in cities to make the smooth transition to electric mobility. This development plan will concentrate on important areas where there is a rising need for EV charging infrastructure, including Delhi, Ahmedabad, Mumbai, Pune, Hyderabad, Bangalore, and Chennai.
The growth of Charge Zone’s high-speed charging network for electric vehicles, including automobiles, buses, and trucks, is expected to accelerate throughout India’s major cities and roads. This allows the business to launch over 1500 super-charging stations in the upcoming 18 months, to have over 10,000 charging stations in its portfolio by 2027.
In Charge Zone’s endeavour to transform India’s infrastructure for electric vehicles, this BII investment represents a significant turning point.
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