EV Mechanica

Subscribe to EV Mechanica's Current Newsletter & never miss an update!

    Close Menu
      Facebook X (Twitter) Instagram
      EVMechanicaEVMechanica
      EVMechanicaEVMechanica
      • Home
      • News
        • E-Mobility
        • EV Battery
      • Charging Stations
      • Policy
      • Research
      • Interview
      • Jobs
      • Events
      • E-Mag
      • Subscription
      Facebook YouTube LinkedIn WhatsApp
      EVMechanicaEVMechanica
      Home » EV Charging Firm Expects to Raise $1 Million in Funding

      EV Charging Firm Expects to Raise $1 Million in Funding

      Aishwarya SaxenaBy Aishwarya SaxenaDecember 2, 2022 Charging Stations 2 Mins Read
      Share
      Facebook Twitter LinkedIn WhatsApp

      EV charging firm, Greenie Energy has revealed its intention to raise a $1 million follow-up round of funding after a successful pilot, to expand its EV charging infrastructure across India.

      fundingGreenie Energy’s primary offering is a hardware solution that can convert any simple electric charging socket into an EV charging station.

      This hardware solution can be operated using Greenie’s proprietary mobile application. The company’s software provides the owner of any electric socket with the ability to monetize the same by converting it into an EV charging station, controlling who charges their EVs on the station, determining a billing rate, receiving payment from the EV user, and making a profitable venture out on the same. The company earns a hardware installation and maintenance fee along with a fee on every EV charging transaction.

      Greenie Energy had a successful pilot which was executed after a seed funding round of $ 90,000.

      The company has carried out close to 50+ installations to date across 5 cities in India and MOUs signed for over 500+ installations through its partnerships and has a target of achieving more than 70,000+ installations by 2027.

      The $1 million round of funding is intended to help Greenie Energy expand its geographic footprint across India, expanding the reach of its EV charging stations, and accelerating the time for installation of chargers across the country.

      The announcement comes amid rising adoption rates of electric vehicles across India with Government legislation also providing adequate support through policy-making at the national and state levels.

      The company is looking to provide a low-cost, fast, reliable, and convenient charging infrastructure using a B2B2C model. Greenie Energy is in the process of partnering with hotel chains, construction companies, housing societies, malls, and other entities.

      “The response to our pilot program was overwhelming. We realized that we need to build our capacity fast so that we can cater to this huge gap in the market with respect to EV chargers at a residential as well as commercial level,” said Istayak Ansari, Director & Co-Founder of Greenie Energy. “With our low-cost, in-house technology and our pricing structure, we have the potential to become one of the largest EV charging companies in India in the coming decade.”

      billing rate charging infrastructure electric charging socket EV charging stations Greenie Energy hardware solution installations MoUs news
      Share. Facebook Twitter LinkedIn WhatsApp
      Aishwarya Saxena

      More article from Aishwarya Saxena

      Keep Reading

      States, Nonprofits Sue Feds Over Withheld EV Charger Funds

      Exicom Unveils Next-Gen DC Fast EV Charger

      All-Electric Nissan Micra Debuts—India Launch Uncertain

      Leave A Reply Cancel Reply

      fourteen − 6 =

      E-MOBILITY

      All-Electric Nissan Micra Debuts—India Launch Uncertain

      May 23, 2025

      Four-Door Dodge Charger EV Debuts With Surprises

      May 22, 2025

      Cadillac’s New Luxury EVs Attract Former Tesla Owners

      May 22, 2025

      Blue Energy’s Green Trucks Cross 50 Million KM Milestone

      May 22, 2025

      Articles

      How are solid-state Li-ion batteries democratizing clean mobility in the country

      Looking at the rising environmental concerns, the automotive sector has been undergoing a paradigm shift…

      The role of artificial intelligence in smart EVs and autonomous driving

      As India accelerates its transition toward a cleaner and more intelligent mobility ecosystem, two transformative…

      The Second Life of EV Batteries: Recycling and Repurposing Trends in 2025

      As the electric vehicle (EV) market expands quickly, the analysis of sustainability has moved from…

      © 2025 EVMechanica.com.
      • Home
      • About Us
      • Contact Us
      • Subscription

      Type above and press Enter to search. Press Esc to cancel.