EV charging station aggregator platform EV Plugs has announced that it has secured $150K from family and friends.
Speaking on the investment, Manish Narang, co-founder of EV Plugs, stated, “The goal we have set upon ourselves is to become the largest aggregator in the EV charging infrastructure space in India. We have observed that the EV adoption in metros is catching up at a much faster rate and the demand for charging infrastructure is wide. The money raised will allow us to continue our aggressive geographical expansion besides investment in innovation to keep us ahead of the curve.”
Manas Gupta, angel investor, said, “Being an avid EV enthusiast myself, I know in the EV sector, more focus has begun on installing charging infrastructure. This will be the single most important factor, which drives the adoption of electric vehicles and a considerable shift towards green technology solutions. The transition towards sustainable mobility is an unstoppable global trend and companies which can provide reliable, fast and cost-efficient electric charging infrastructure for all types of vehicles will make a huge impact. Independent studies have projected the demand for public EV charging stations at 2.9 million by 2030.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.