Statiq raises over Rs 200 crore in Collection A funding

Statiq, an electrical automobile (EV) charging community, has just lately introduced that it has acquired $25.7 million (Rs 200 crore) in Collection A funding led by Shell Ventures. 

With this enterprise, Statiq claims it turns into the primary firm within the Indian EV charging business to shut the biggest funding within the preliminary spherical. The corporate believes this Collection A funding will assist them in accelerating efforts to scale and realise worth from its contract portfolio, by investing in product engineering and community infrastructure in addition to reinforcing the core group.

Akshit Bansal, Co-Founder and CEO, Statiq stated, “Shell and Statiq share a imaginative and prescient of actively driving the transformation in the direction of sustainable modes of transport. Gaining Shell Ventures as an investor is a serious milestone for Statiq.” 

The corporate just lately teamed up with Hero Electrical and likewise collaborated with EV maker Ather, to boost the mixed EV charging community within the northern states of India. Closing this necessary spherical of funding it says is the subsequent step to consolidating its personal processes. 

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