RoadGrid, an electric vehicle charging infrastructure company, has raised funding in pre-Series A round led by early-stage investor Venture Catalysts.
The round also included participation from angel and strategic investors such as Kamal Puri of Skyline Group, IPV, FAAD Network, LetsVenture, Pace Group’s Vrinda Goyal, Haresh Patel of Arthanomics and Maneesh Shrivastav of Alpha Value, the company said.
RoadGrid develops EV charging hardware, software and operates public and commercial charging stations. The company plans to use the capital to expand manufacturing capacity, scale its charging network and enhance its cloud-based software platform.
“India’s EV transition is at an inflection point, and charging infrastructure will be the backbone of this transformation,” said Apoorva Ranjan Sharma, founder and managing partner at Venture Catalysts, adding that the company’s approach combines hardware, software and on-ground execution to address gaps across vehicle categories.
Founded to support electric mobility adoption, RoadGrid is developing patented universal EV chargers designed to work across two-wheelers, three-wheelers and four-wheelers. The company is also building a nationwide charging station network and a cloud platform to manage charging operations.
India is expected to have between 80 million and 100 million electric vehicles by 2030 as the government targets 30% electrification of private vehicles, industry estimates show. This is expected to drive demand for charging infrastructure.
RoadGrid operates in two business segments: manufacturing and supplying chargers to original equipment manufacturers and utilities, and operating public and commercial charging stations. The company said it has active deployments in cities including Indore and Noida and works with entities such as oil marketing companies, power distribution utilities and transport operators. It has a confirmed pipeline of more than 1,000 chargers.
“This Pre-Series A round is a strong vote of confidence in RoadGrid’s technology and execution,” said founder and chief executive officer Deepesh Shrinath. “With our VC partners, we will be scaling universal EV charging infrastructure that can become foundational to India’s EV ecosystem.”
The EV charging market in India, currently estimated at about ₹5,000 crore, is expected to grow to around Rs50,000 crore over the next six years, according to industry estimates. RoadGrid supplies chargers to passenger and commercial EV segments, including fleet operators and vehicle manufacturers.
