BII commits $19 to charge zone for EV infrastructure

Charge Zone has secured a $19 million (Rs. 1.58 crore) commitment from British International Investment (BII), the UK’s development finance institution (DFI) and impact investor. This investment marks a milestone in Charge Zone’s mission to revolutionize electric vehicle infrastructure in India.

It aims to facilitate the seamless transition to electric mobility for commercial fleets operating in urban centers. This expansion strategy will focus on key markets such as Delhi, Ahmedabad, Mumbai, Pune, Hyderabad, Bangalore, and Chennai where the demand for EV charging infrastructure is rapidly growing.