As India races to plug its massive EV charging gap, startup RoadGrid secures ₹120 million to scale its universal chargers, strengthen its software, and expand its charging stations.
RoadGrid, an electric vehicle (EV) charging startup, has raised ₹120 million in a fresh funding round led by Venture Catalysts. A group of angel investors and early-stage networks also participated. The capital will be used to scale charger manufacturing, strengthen the company’s software platform and expand its charging network across Indian cities.
RoadGrid designs chargers that work across electric two-wheelers, three-wheelers and passenger cars, and also owns and operates charging stations.
The new funding will be deployed across three priorities. Manufacturing capacity will be expanded to meet existing orders and future demand. The company will also upgrade its backend software, which helps operators monitor charger usage, detect faults early and analyse customer behaviour. In parallel, RoadGrid plans to roll out more charging stations for urban and commercial use.
The startup follows a dual-revenue model. It supplies charging hardware to EV manufacturers and fleet operators and earns recurring revenue from public and commercial charging stations. This approach allows the company to benefit from both equipment sales and long-term infrastructure usage.
RoadGrid already works with power utilities such as BSES, NPCL and Navi Mumbai Transport. It also supplies chargers to EV makers and fleet operators, including Euler Motors. According to the company, it has confirmed demand for around 1000 chargers.
A key challenge in India’s EV ecosystem is fragmentation. Different vehicle categories require different chargers, making charging stations expensive and complex to run. RoadGrid addresses this by offering a single charger compatible with multiple vehicle types. This reduces equipment costs, simplifies maintenance and allows drivers to access the same network regardless of vehicle.
India currently has about 26,000 charging stations. Industry estimates suggest the country will need nearly 30 lakh stations by 2030. This gap presents a large opportunity for charging infrastructure companies.
Venture Catalysts’ Dr Apoorva Ranjan Sharma said charging availability will be decisive for EV adoption. He added that RoadGrid stands out for its integrated hardware, software and execution capability.
