Funding · Mobility & Logistics

RoadGrid raises Rs 12 crore for EV charging expansion

By Startup Enthusiast · 7 January 2026

What they do

RoadGrid builds universal electric vehicle chargers and operates public charging stations across India

The company raised Rs 12 crore in a Pre-Series A round led by Venture Catalysts and Inflection Point Ventures

Funds will scale manufacturing and accelerate nationwide rollout to meet growing demand for EV infrastructure

RoadGrid secured Rs 12 crore ($1.33M) in a Pre-Series A funding round.
Venture Catalysts and Inflection Point Ventures (IPV) are listed as lead investors in the deal.
The investment includes participation from angel investors like Kamal Puri and FAAD Network.
RoadGrid plans to deploy capital to scale manufacturing of its patented universal chargers.
The company aims to deepen software integrations for its cloud-based charging operations platform.
Capital will also accelerate the nationwide EV charging rollout across key Indian cities.
RoadGrid currently has a confirmed pipeline of over 1,000 chargers for OEMs and operators.
Active deployments include sites in Indore, Noida, and select IOCL locations.

India needs approximately 30 lakh charging stations by 2030 to support electrification goals.
The current count stands at roughly 8,000 stations, highlighting a significant infrastructure gap.
The EV infrastructure market is valued at ₹5,000 crore and projected to grow tenfold.
Government targets 30% electrification of private vehicles by 2030, driving demand for chargers.

RoadGrid develops patented universal EV chargers compatible with two-wheelers, three-wheelers, and four-wheelers.
It builds a cloud-based software platform for real-time monitoring, billing, and diagnostics.
Vertical one involves manufacturing and supplying fast DC chargers to EV OEMs.
Vertical two focuses on building and operating public and commercial charging stations.
The business model blends direct sales with Charging-as-a-Service (CaaS) offerings.
CaaS covers setup, operation, and maintenance of charging infrastructure for clients.
The company supplies solutions to Euler Motors and the VinFast India network.
Partnerships include Vgreen for HPCL retail outlets and tech support for VinFast after-sales.
Collaborations extend to BSES, NPCL, Navi Mumbai Transport, IOCL, and Amazon.

Venture Catalysts (lead) — Investment firm participating in early-stage rounds.
Inflection Point Ventures (lead) — Venture capital firm focused on deep tech and innovation.
Kamal Puri (participant) — Angel investor associated with Skyline Group.
FAAD Network (participant) — Angel investor network supporting startups.
LetsVenture (participant) — Platform connecting investors with early-stage companies.
Vrinda Goyal (participant) — Angel investor from Pace Group.
Haresh Patel (participant) — Angel investor from Arthanomics.
Maneesh Shrivastav (participant) — Angel investor from Alpha Value.

Product: EV charging startup
Customers: EV charging network operators, commercial property owners, and electric fleet managers
How it makes money: Generates revenue through the sale and deployment of proprietary EV charging hardware, embedded software, and energy management platforms
What sets it apart: Patented Universal EV Charger platform providing 140 kW dual DC charging compatible with multiple connector standards and vehicle segments