Statiq plans to invest Rs. 40 cr. in building EV charging infra across residential & commercial projects

Statiq, India’s leading electric vehicle (EV) charging network, has plans to invest Rs. 40 crores in building EV charging infrastructure across residential and commercial projects. According to plans, they will offer free hardware installation as also free vehicular charging for the first year to residents of the complexes. Their plans are initially going to focus on the Delhi-NCR region followed by the metro cities and then extend to all Indian urban regions. Statiq’s aim with this plan is to boost EV charging facilities across the country at prime locations and reach the maximum number of EV users.

Each charging hub will be equipped by Statiq with two 7.7-kW type-2 connectors for the new-age 4W passenger vehicles and two 3.3-kW smart sockets to be used by all EVs. With this ambitious plan, the company is closing in on its grand plans to add over 20,000 new EV chargers to its network before the end of this year, and help more EV users to #StayCharged and commute stress-free.

Co-Founder and CEO, of Statiq, Akshit Bansal says, “Majority of charging activity takes place at home. Cities in India are densely populated and a majority of this population lives in residential apartment setups providing charging at these spots becomes a priority. Given the disparity in demand and supply of electricity in these cities providing a charger at every spot isn’t feasible. Thus, we are setting up semi-fast chargers and incentivizing them via free charging. Not only does it give them the convenience of charging at their residences and operating their vehicle free of cost but also brings about a sense of confidence amongst residents to buy an Electric Vehicle due to the presence of reliable charging infrastructure”

As a company, Statiq wants to provide an end-to-end ecosystem for EV charging and assure everybody that a Statiq EV charging station will always be at hand. Working towards that aim, just recently Statiq has raised over Rs. 200 crores in Series ‘A’ funding. They have teamed up with Hero Electric and also collaborated with EV maker Ather, to enhance the combined EV charging network in the northern states of India. The latest proposition is the next step on Statiq’s part to expedite this process further.

Over the last year, Statiq has launched numerous charging stations to reinforce its already considerable network. By the end of the year, Statiq aims to have an approximately 20,000-strong charging network. Each location is handpicked for one singular reason – that it is located on busy routes with extremely extensive footfalls.