Hardware

India EV charging station maker raises $54M, to create 500 jobs

Image: Adobe Stock.

March 21, 2023

Charge+Zone, an India based EV charging company, has raised $54 million in a Series A1 round led by BlueOrchard Finance along with existing and additional institutional investors, according to a report in The Hindu.

The funding will finance the introduction of 286 charging stations serving more than 1,250 EV car fleets and 1,130 EV buses and EV trucks.

The funding will create around 500 jobs.