ChargeZone, which aims to expand its supercharging infrastructure to serve electric buses, trucks, and personal mobility cars across the country, has announced that it will invest USD 360 million over the course of four years for its EV charging network.
Without providing a timeframe, the business stated that it intends to open 25 new supercharging stations in this fiscal year, with a goal of 500 such stations with capacities ranging from 360KW to 1.2MW.
“Our new supercharging network marks a significant step towards a sustainable and electrified future integrated with micro-grids comprising of Solar PV and energy storage,” affirmed Kartikey Hariyani, Founder and CEO of ChargeZone.
Kartikey Hariyani stated, ChargeZone “Our six-month pilot roll out of the supercharging network yielded remarkable results with the strong utilisation by inter-city electric cars and electric buses as the prime customers. We received excellent customer feedback, with power utilisation exceeding previous levels and significant traffic volumes recorded. During the first pilot of commercial rollout, we covered nearly 1500 kilometers, showcasing the network’s efficiency.
The average charging time at the new supercharging stations is between 15 to 20 minutes, significantly shorter than the 45 minutes required at fast DC charging stations, which enhances user convenience and process efficiency.”