Pune-based EV charging options supplier, goEgoNetwork has roughly raised ₹600 million (~$7.53 million) in Sequence A fairness funding to develop and set up the Quick DC Charging Station product line in India.
The funding will assist goEgoNetwork to operationalize 8,500 charging stations throughout India with 15,000 paying members on the community.
The corporate stated the funds raised would assist it to scale up operations in six metropolitan cities, together with New Delhi, Mumbai, and Bengaluru.
The corporate has a sturdy product vary comprising AAC and DC charging stations from 1.1 kW AC and AC to 60 kW DC.
The merchandise developed by goEgoNetwork are licensed by the Open Sensible Charging Protocol (OCPP) Automotive Analysis Affiliation of India (ARAI) and is backed by in-house developed expertise. The corporate has put in over 1,000 charging factors throughout 55+ cities in 15 states.
Managing Director and Co-Founding father of goEgoNetwork Sayantan Chakraborti stated, “The EV trade is rising exponentially, and the funding provides us progress capital to pursue the massive plan of getting the EV charging infrastructure in place for the people who find themselves not shopping for due to vary anxiousness. It helps us in consolidating our place of being the popular community for EV customers by having charging stations which have 100% uptime and to make sure that you #staychargedup.”
Co-Founding father of goEgoNetwork Dheeman Kadam stated, “The funding is a step near our formidable objective of to arrange 100 thousand Made in India charging stations by 2027. Out of the 9 million electrical automobiles imagined to be on roads by 2027-28, we need to see 1,000,000 EV house owners as members of the goEgoNetwork.”
goEgoNetwork raised ₹150 million (~$1.88 million) in a seed funding spherical to broaden its current electrical charging community and leverage the inexperienced consciousness regularly sweeping throughout India.