CHARGE+ZONE successfully completes first phase of deployment of highway EV charging network; set to raise fresh round of capital

CHARGE+ZONE, a leading EV charging company, today announced that it has successfully completed the first phase of installing 1600+ EV charging stations across 450+ locations and covering  more than 15,000 kms of highway across the country. With this milestone, the company has also announced plans to raise $125 million in equity as part of its Series A2 round of funding. The funds will primarily be deployed to accelerate the next phase of expansion of its retail network in State and National Highway Charging infrastructure, Product R&D and a strategic investment in e-mobility companies. Highways & Urban charging has emerged as the fastest-growing and most profitable business verticals for CHARGE+ZONE over the last three quarters. Through strong mobility partnerships with leading Indian and global electric cars and electric bus/truck manufacturers, CHARGE+ZONE has installed fast chargers across key highways in the country ensuring convenient accessible and seamless charging experience for electric vehicle owners.  Commenting on the development, Kartikey Hariyani, Founder & CEO, CHARGE+ZONE said, “The completion of the first phase of our highway charging network is a testament to our vision of accelerating India’s transition to green mobility. Since our inception, our goal has been to build a robust EV charging infrastructure