Charge+Zone, an electric vehicle (EV) charging startup has raised $3 million in a pre-Series A funding round led by Venture Catalysts, according to VCCircle report.
Other investors that participated in the funding round include Mumbai Angels Network, Keiretsu Forum, and the Ramakrishnan Family Office.
Founded in 2018 by Kartikey Hariyani and Pavan Bakeri, Charge+Zone claims it has more than 120 fast DC charging points across seven cities, and that it caters to more than 500 vehicles daily.
It will use the capital from this latest round to scale its operations and work towards its goal of building one million unmanned charging points in the country within ten years, Hariyani said.
Earlier this year, the startup raised an undisclosed amount of funding from Mumbai Angels.
Charge+Zone is on a mission to establish 100,000 charging stations across important markets of EVs in India for cars, buses and even trucks.
–AN
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.