India’s electric vehicle ecosystem is gaining momentum, and charging infrastructure is emerging as a critical enabler of this transition. Strengthening this space further, RoadGrid raises Rs 12 Cr from VCs & Angels in a pre-Series A funding round led by early-stage investor Venture Catalysts.
The round also witnessed participation from prominent strategic and angel investors, including Kamal Puri of Skyline Group, IPV, FAAD Network, LetsVenture, Pace Group’s Vrinda Goyal, Haresh Patel of Arthanomics, and Maneesh Shrivastav of Alpha Value.
Building the Backbone of India’s EV Transition
Founded with a vision to power India’s EV future, RoadGrid is focused on developing next-generation EV charging infrastructure. The startup is working on patented universal EV chargers designed to support multiple vehicle categories and diverse charging requirements. Alongside advanced hardware, RoadGrid is building a cloud-based software platform and establishing a nationwide charging network.
Commenting on the investment, Dr. Apoorva Ranjan Sharma, Founder and Managing Partner at Venture Catalysts, highlighted that India’s EV transition is at a crucial inflection point and that charging infrastructure will serve as its backbone. He noted that RoadGrid’s combination of deep-tech hardware, scalable software, and on-ground execution addresses a major market gap across use cases.
Dual Business Model Driving Growth
RoadGrid operates across two core segments. The first focuses on manufacturing and supplying EV chargers to original equipment manufacturers. This includes off-board and fast DC chargers for two-wheelers, three-wheelers, and four-wheelers. The second segment involves setting up and operating public and commercial charging stations.
With industry estimates suggesting India will need nearly 30 lakh charging stations by 2030—compared to around 8,000 currently installed—the opportunity is massive. In this context, RoadGrid raises Rs 12 Cr from VCs & Angels at a pivotal time.
Strategic Use of Capital
Founder and CEO Deepesh Shrinath described the funding as a strong vote of confidence in RoadGrid’s technology and execution capabilities. The capital will help scale universal EV charging infrastructure across the country. CTO Shashank Narayan stated that the funds would strengthen the technology platform and expand ecosystem integrations, while COO Chandraprakash Akotkar emphasized faster and more reliable project execution nationwide.
CMO Bharat Joshi added that the startup will also scale charging infrastructure as a multi-revenue urban platform combining energy, media, and retail—an innovative approach to monetization.
Growing Footprint and Order Pipeline
RoadGrid follows a blended model of Charging as a Service and direct sales to EV OEMs. The startup currently operates charging stations in Indore, Noida, and IOCL locations. It has active orders from utilities such as BSES, NPCL, and Navi Mumbai Transport, along with a confirmed pipeline of over 1,000 chargers.
As RoadGrid raises Rs 12 Cr from VCs & Angels, it is positioning itself as a foundational player in India’s rapidly evolving EV charging ecosystem.
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