IOCL to buy 18 Statiq chargers for 4-wheelers to be set up within its network

 Statiq has raised over INR 200 crore in Series ‘A’ funding.
Statiq has raised over INR 200 crore in Series ‘A’ funding.

New Delhi: Statiq, a leading electric vehicle (EV) charging network, has recently won an Indian Oil Corporation Ltd. (IOCL) tender, for 18 new chargers.

IOCL will set up 18 new Statiq chargers, an assorted blend of 30kW and 60kW fast chargers, for use by any make of 4-wheelers, at prime locations within its network that will reach a sizable EV population and help them travel stress-free by always #StayCharged with Statiq, the company said.

At the 63rd AGM, IOCL stated that it aims to achieve a net zero emission target by 2046 and has set aside INR 2 trillion to that end. The tender is essential to the company’s carbon neutrality plans and will leverage its strong established fuel station network, Statiq said in a media release.

Head of Government Relations and Corporate Affairs, Statiq, Aman Rehman, said, “It is an honour to win a tender with such a future-ready company. The 18 Statiq EV chargers that IOCL will purchase, by way of the tender, will have an unimaginable reach and we are looking forward to connecting with numerous 4-wheeler owners who will benefit from them. Such a win is extremely strategic for Statiq, as it helps us enhance the EV ecosystem deeply. We are looking forward to several such steps that will gradually add up to our overarching ambition of helping everyone in the ecosystem #StayCharged in an accessible, affordable and reliable manner.”

“IOCL has embarked on the carbon neutrality journey in the right earnest and as part of our plan, we were searching for an able electric mobility partner. With Statiq having won this tender, we are glad to find a collaborator who will provide us with quality Made-in-India EV chargers. This will help us propagate to the general population the message of making the transition to clean energy in an easy fashion that is also affordable and reliable,” Shrikant Madhav Vaidya, Chairman and Managing Director, IOCL, said.

Statiq has raised over INR 200 crore in Series ‘A’ funding. It has 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, the release added

Over the past 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 on busy routes with extremely extensive footfalls, the release added.

Also Read:

The Ministry of Road Transport and Highways recently amended the AIS156 norms, a stringent testing and certification standard, to ensure better safety following a spate of fire-related incidents involving EVs in summer.


The three, along with some other domestic and international investors, are setting up a 5-million metric tonnes per annum (mmtpa) coal gasification project in Chandrapur, Maharashtra, at an investment of $2.5 billion under New Era Cleantech Solution.


Go to Source