RoadGrid Secures Funding to Fuel India’s 100 Million Electric Vehicle Ambition

Electric vehicle charging infrastructure startup RoadGrid has raised capital in a pre-Series A funding round as it looks to accelerate its growth amid rising electric mobility adoption in India, as per The Economic Times report. 

The funding comes at a time when the country’s EV ecosystem is moving towards large-scale deployment across vehicle categories. 

Funding And Investor Participation 

The funding round was led by Venture Catalysts and saw participation from a mix of angel and strategic investors.  

These included Kamal Puri of Skyline Group, IPV, FAAD Network, LetsVenture, Pace Group’s Vrinda Goyal, Haresh Patel of Arthanomics and Maneesh Shrivastav of Alpha Value. 

The investors backed RoadGrid’s integrated approach to EV charging, which combines hardware manufacturing, software platforms and on-ground execution. 

Expansion Plans and Technology Focus 

RoadGrid develops EV charging hardware and software and also operates public and commercial charging stations. The company plans to deploy the fresh capital to expand its manufacturing capacity, scale up its charging network and enhance its cloud-based software platform used to manage charging operations. 

The startup is working on patented universal EV chargers designed to support two-wheelers, three-wheelers and four-wheelers. It is also building a nationwide charging station network to support both private and commercial electric vehicles. 

RoadGrid currently operates across 2 business segments: supplying chargers to original equipment manufacturers, utilities and fleet operators, and running public and commercial charging stations.  

It has active deployments in cities such as Indore and Noida and works with oil marketing companies, power distribution utilities and transport operators. The company has a confirmed pipeline of over 1,000 chargers. 

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India’s EV Market Opportunity 

India is expected to have between 80 million and 100 million electric vehicles on the road by 2030, driven by government targets to electrify around 30% of private vehicles.  

This transition is expected to significantly increase demand for reliable and scalable charging infrastructure. 

The Indian EV charging market, currently estimated at around ₹5,000 crore, is projected to grow nearly tenfold to about ₹50,000 crore over the next six years, creating opportunities for infrastructure-focused players. 

Conclusion 

With fresh capital and backing from prominent investors, RoadGrid is positioning itself to play a foundational role in India’s EV ecosystem by expanding universal charging infrastructure across cities and vehicle segments, supporting the country’s long-term electric mobility goals. 

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