New Delhi: Bengaluru-based EV charging infrastructure startup, Charzer, on Monday said it has partnered with ADDA, a comprehensive society management system, to build charging infrastructure in apartment complexes.
In two years, Charzer will install smart EV charging stations at 1,500 apartment complexes across India.
The startup did not disclose the investment put in this project but said that for the next 200 housing societies, it will be installing charging stations free of cost.
As per the latest Grant Thornton Bharat FICCI report, India will need four lakh EV charging stations by 2026 to meet the expected 20 lakh vehicles on the road.
Sameer Ranjan Jaiswal, co-founder, Charzer, said, “In order to cater to the requirements of the growing EV user base, it’s crucial to create the right EV infrastructure by converting locations in and around us into charging stations. This not only creates easy access to charging stations but also addresses the issue of range anxiety.”
San Banerjee, co-founder, ADDA, said, “Over the past few years, strong tailwinds have been driving the expansion of green mobility in India. Gated communities and housing societies have taken a note of this trend and are working towards implementing the required infrastructure for EV users.”
According to a survey conducted by ADDA in Bengaluru, only 6.9% communities have electric vehicle charging points and out of the remaining 93.1 %, about 92.7% of them wish to have an EV charging station installed within their community.
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Talking about ElectriVa’s revenue model, Dhanuka said that the company will be focusing on the core revenue aspect which is the charging fee. However, it will also be exploring several non core revenue streams-given the availability of key locations. The EV startup is yet to raise any funding. Dhanuka said that at the current scale, the business is likely to be self sufficient. However, in the long run the company may look at raising funds.
Under the collaboration, a network of 10,000 un-manned and app-driven charging stations will be set up on the national and state highways within Gujarat and scale it up to over 50,000 charging stations to cover pan-India.