EV Infra Statiq Raises $18 Million To Scale EV Charging Network Across India

EV charging startup Statiq has raised $18 Million, equivalent to ₹163.2 crore, in a mix of equity and debt to accelerate infrastructure expansion and strengthen its technology backbone amid rising EV adoption in India. 

Funding Backed by Global Investors 

The round was led by Tenacity Ventures, with participation from Y Combinator, Shell Ventures and RCD Holdings. The company said the fresh capital will be channelled into scaling operations, enhancing hardware lifecycle management and upgrading its software and telematics systems. 

As per news reports, Raghav Arora, Cofounder and CTO, said, “With this capital, we'll harden our stack for scale; hardware lifecycle management, software-strengthening, telematics, and global systems that let partners build on our innovations.” 

Expansion Plans and Network Growth 

Founded in 2020 by Raghav Arora and Akshit Bansal, Statiq offers end-to-end EV charging solutions, including AC and DC smart charger manufacturing, a mobile app for slot booking and charger discovery, and infrastructure management for commercial and residential partners. 

The startup plans to expand across Tier I and Tier II cities, deploy DC fast chargers along key highways and achieve 99.9% uptime across its network.  

It has already installed over 10,000 chargers across about 100 cities through partnerships with government bodies, automakers, and hospitality players. Its mobile platform also enables access to partner networks such as E-Fill, Sunfuel and GLIDA. 

Statiq aims to double its installed charger base by the end of 2026 and has outlined plans to begin exporting hardware to global markets. 

Industry Context 

Despite a recent surge in EV registrations, charging infrastructure gaps remain a key constraint. This has kept investor interest intact in EV infrastructure ventures even as parts of the vehicle segment have seen slower momentum. 

Recently, charging startup Chargeup raised ₹22 Crore, approximately $2.4 Million, to expand its battery swapping network, signalling continued capital inflow into the broader EV ecosystem. 

Read More: French Auto Giant Valeo Commits $236.7 Million Expansion Fund for India! 

Conclusion 

With fresh funding and an aggressive expansion roadmap, Statiq is positioning itself to scale nationally while preparing for global ambitions, as demand for reliable EV charging infrastructure continues to rise. 

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