RoadGrid, a fast-growing electric vehicle charging infrastructure startup, has raised ₹12 crore (around USD 1.33 million) in a pre-Series A funding round led by Venture Catalysts. The funding will support RoadGrid’s plans to scale charger manufacturing, enhance its software platform, and accelerate the rollout of EV charging stations across India.
Funding Details and Investors
Along with Venture Catalysts, the round saw participation from a mix of strategic and angel investors, including:
- Kamal Puri (Skyline Group)
- IPV
- FAAD Network
- LetsVenture
- Vrinda Goyal (Pace Group)
- Haresh Patel (Arthanomics)
- Maneesh Shrivastav (Alpha Value)
The diversified investor base reflects growing interest in India’s EV infrastructure segment as electric mobility adoption accelerates.
How RoadGrid Plans to Use the Capital
RoadGrid plans to deploy the fresh funds across multiple growth levers:
- Scaling EV charger manufacturing capacity
- Expanding its cloud-based charging management software
- Accelerating deployment of public and commercial charging stations across key cities
The company develops patented universal EV chargers compatible with two-wheelers, three-wheelers, and four-wheelers, allowing flexible deployment across vehicle segments.
Business Model and Current Footprint
RoadGrid operates through a dual business model:
- Manufacturing and supplying EV chargers to original equipment manufacturers (OEMs)
- Setting up and operating EV charging stations for public and commercial use
The startup already has active charging deployments in cities such as Indore and Noida, including installations at selected sites of Indian Oil Corporation Limited (IOCL). According to the company, it currently has a confirmed pipeline of over 1,000 chargers.
Investor Perspective
Commenting on the investment, Apoorva Ranjan Sharma, Founder and Managing Partner at Venture Catalysts, said India’s EV transition is reaching a critical inflection point where charging infrastructure will play a foundational role.
He noted that RoadGrid’s combination of deep-tech hardware, scalable software, and on-ground execution positions the company well to support the expanding EV ecosystem in India.
Why This Matters
As EV adoption rises across personal, shared, and commercial mobility, the availability of reliable charging infrastructure is emerging as a key bottleneck. Startups like RoadGrid are helping address this gap by:
- Enabling faster charger deployment
- Supporting multiple EV categories with universal solutions
- Integrating hardware with software-driven energy management
Private capital inflows into EV charging signal increasing confidence in the long-term growth of India’s electric mobility market.
Industry Outlook
India’s EV charging market is expected to see rapid expansion over the next decade, driven by policy support, declining battery costs, and growing EV penetration in urban and semi-urban areas. Industry observers expect increased collaboration between oil marketing companies, real estate developers, OEMs, and charging startups to build a dense and interoperable charging network nationwide.
