In 2024, Statiq made great progress, growing their network to 8,000 chargers in 65 cities and gaining 22% of the market. Among the important sites the organization deployed this year were the Double Tree by Hilton Bangalore, Hilton Garden Inn Lucknow, Chennai’s Express Avenue Mall, Bengaluru’s Nexus Koramangala Mall, and Lucknow’s Fun Republic Mall.
With the introduction of the NECTAR 7.4kW AC charger, a small and effective charging solution designed to meet the demands of Indian consumers, Statiq has also joined the direct-to-consumer (D2C) market as part of its expansion strategy. By the end of 2025, the business intends to deploy 20,000 chargers throughout tier-2 cities, roads, and well-known tourist locations in order to further extend its network.
Regarding technology, Raghav Arora, co-founder and CTO, stressed the significance of intelligent systems for EV infrastructure in the future. “We at Statiq are investing in solutions that maximize charging efficiency while improving user convenience through smart analytics and predictive maintenance,” he said. In addition to providing reliable hardware, we want to revolutionize the way that mobility and data and technology interact.
Along with automakers like Hyundai, Tata, BMW, and Kia, the company has fortified its alliances with significant industry players including Google Maps, Bharat Petroleum, Gentari, ChargeMod, Fortum, and ElectreeFi. Through these partnerships, Statiq has improved interoperability and increased its clout in the EV ecosystem.
Statiq is in a strong position to satisfy the rising demand for dependable EV charging infrastructure as India aims to have 80 million EVs on the road by 2030. As part of its mission to promote sustainable mobility and aid in India’s green revolution, the company sees a trend towards software-driven revenue sources to supplement its hardware products.