EV Charging Solutions Provider EVRE Raises Undisclosed Fund in Pre-series Round Incepted in 2017, EVRE currently operates over 700 EV chargers across over 50 EV charging hubs in 12 cities in the country

By Akshit Pushkarna

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Representative Image

In a pre-series funding round led by ACKO Technology and Services Pvt. Ltd. and CreedCap Asia Advisors, Sustainable Electric Vehicle Charging Solutions provider EVRE announces raise of an undisclosed capital. This investment comes at a time when the EV infrastructure segment is witnessing immense interest from the public and private sector to supplement the fast-growing EV adoption.

Incepted in 2017, EVRE currently operates over 700 EV chargers across over 50 EV charging hubs in 12 cities in the country. The company is currently in the process of ramping up production and expanding its bouquet of products and services to democratize access to EV charging stations across the country, contributing to the "Make-in-India initiative'.

Commenting on the announcement, Krishna K Jasti and Chandresh Sethia, Co-Founders at EVRE said, "The newly announced investment will significantly expand our base and contribute to building the national charging infrastructure. The funding will be used to boost manufacturing capacity, accelerate new offerings and development, and expand charging hubs into different geographies. Our main focus will be to power the EV demand of Tier-I and Tier-II cities EV Fleets and also address the range anxiety issue as well. EVRE is working towards building EV-enabled communities and plans to associate with top EV fleet owners and realty firms to the provide them with an efficient and technology driven charging ecosystem for a frictionless EV experience."

The leading investors of the round, ACKO Technology and Services Private Limited ("Acko'') is the parent company of ACKO General Insurance. Speaking at the occasion, Ruchi Deepak, Co-founder Acko, said, "Electric Vehicles are no longer the thing of the future. The world is shifting towards sustainable forms of energy, and EVs are making their way into the mainstream. We firmly believe that a robust EV charging infrastructure is fundamental to increasing the large-scale adoption of electric vehicles in the country."

Akshit Pushkarna

Features Writer

Related Topics

Leadership

If You Want People to Follow You, Stop Being a Boss — 8 Steps to Truly Effective Leadership

Understand the key differences and embark on the journey from boss to leader with these eight vital steps. This article unveils how to inspire and lead teams with passion and purpose.

Thought Leaders

Here's Why We Need To Humanize Content Now

Humanizing your content is a sure-fire way to impact your readers and leave a lasting impact.

Technology

The Semiconductor 'FOMO'

The current push to develop India into a semiconductor manufacturing hub through PLI and DLI schemes under the umbrella of India Semiconductor Mission (ISM) is a step in the right direction. However, the transition period for India to develop an end-to-end footprint in the semiconductor value chain will need a decade

Leadership

Want Employees Back in the Office? What Leaders Are (Still!) Getting Wrong About This Ask

For leaders facing the tricky task of getting employees back to the office, here are four communications strategies to soften the blow.

Business News

This Influencer Has Nearly 150,000 Instagram Followers and Makes Over $10,000 a Month. There's Just One Catch—She's Not Real.

Aitana López has over 149,000 Instagram followers and brands love her. Is she the future of social media marketing?