A popular face in EV charging infrastructure, CHARGE ZONE, has just raised $19million from British International Investment (BII), which is UK's development finance institution. This freshly bagged amount of fund will help the company to fuel up their strategic footsteps to expand its high-speed charging network across India's major cities and highways.

The company is planning to use this newly infused capital CHARGE ZONE is intending to deploy over 1,500 super-charging stations within the next 18 months. The company is targeting to magnify its portfolio to more than 10,000 charging stations by 2027 and ultimately establish a vast network of one million charging points by 2030.

They are mainly focusing on key urban centres, including Delhi, Ahmedabad, Mumbai, Pune, Hyderabad, Bangalore, and Chennai, focusing on facilitating the transition to electric mobility for commercial fleets in these areas.

About the strategic partnership, the founder and CEO of CHARGE ZONE, Kartikey Hariyani commented, "This strategic investment not only bolsters our capacity for network expansion but also aligns with our mission to support the rapid adoption of electric vehicles in India. We are committed to enhancing the EV infrastructure that will cater to the growing demand for cleaner transportation solutions."

Managing Director and Head of Asia at BII, Srini Nagarajan said, "Our commitment to CHARGE ZONE underscores our dedication to supporting sustainable projects that are pivotal for India's clean energy transition. By facilitating the development of a robust EV charging infrastructure, we are helping to make electric vehicles a practical choice for more consumers across India."

This strategic infusion of fund will help the company to accelerate their growth trajectory and stress on the company’s leadership qualities in EV landscape. The company also aims to encourage the adoption of electric vehicle among the vast population to support environmental sustainability, and foster technological innovation in the mobility sector.