Homegrown electric vehicle (EV) charging network provider Statiq on Thursday said it has received $25.7 million in a Series A funding led by Shell Ventures.
The company will use the funds to invest in product engineering and network infrastructure as well as reinforcing the core team.
“Securing the first closing of our Series A ensures delivering on value-enhancing growth options already secured by Statiq, as we set out to build India’s leading EV charging services company,” said Akshit Bansal, Co-Founder and CEO, Statiq.
Founded in 2019 by Bansal and Raghav Arora, Statiq aims to provide an end-to-end service for EV charging solutions for landowners, EV users and vehicle manufacturers.
