EVRE aims to capture 35% of commercial vehicle charging market by 2025
EVRE, an electric vehicle (EV) charging solutions provider, is setting its sights on capturing 35 per cent share of the commercial vehicle (CV) charging market within the next 2-3 years. The company plans to achieve this goal by investing Rs 250 to 300 crore by the end of 2024.
EVRE said that till now, it has raised Rs 25 crore in equity and Rs 16 crore in debt, bringing the total funds raised to date to Rs 41 crore. “Unlike competitors, EVRE designs and develops its own hardware and software, resulting in lower operational costs and greater reliability. This reliability factor has been a key attraction for major clients like Uber’s Indian arm, Everest Fleet.
