Funding · Mobility & Logistics

Statiq raises $18 Mn to expand EV charging network

By Startup Enthusiast · 18 February 2026

What they do

Statiq manufactures smart chargers and manages charging stations for partners

The company raised $18 Mn led by Tenacity Ventures to scale operations

Funds will support highway expansion and a goal to double charger count

Indian startup Statiq has raised $18 Mn (₹163.2 Cr) in a mix of equity and debt financing.
Tenacity Ventures led the investment round with participation from Y Combinator, Shell Ventures, and RCD Holdings.
The company plans to use the funds to scale its charging infrastructure across India.
Statiq aims to install DC fast chargers on key highways to improve connectivity.
The startup intends to upgrade products to achieve a 99.9% uptime target for reliability.
Plans include exporting hardware to global markets and improving lifecycle management.
Advanced telematics features will be integrated into their hardware solutions.
This funding comes as EV registrations rise and charging infrastructure remains a hurdle.

Charging infrastructure is identified as a major hurdle despite sharp rises in EV registrations.
Competitor Chargeup recently raised INR 22 Cr for battery swapping expansion.
Statiq targets Tier I and II cities for new installations.

Statiq provides end-to-end electric vehicle charging solutions for various users.
The company manufactures both AC and DC smart chargers for different needs.
A mobile app helps users locate stations and book charging slots easily.
Statiq manages charging infrastructure for commercial and residential partners.
App users can access networks from providers like E-Fill, Sunfuel, and GLIDA.
The firm has tied up with government bodies, automakers, and hospitality companies.
Current coverage spans approximately 100 cities across India.
The company has installed over 10,000+ chargers so far.
Statiq aims to double its installed charger count by the end of 2026.

Product: AC/DC smart chargers, charging infrastructure and mobile app for locating and booking charging points
Customers: EV owners and fleet operators seeking convenient and reliable charging solutions
How it makes money: Hardware sales (chargers and infrastructure) combined with charging services through mobile app
What sets it apart: End-to-end solution covering hardware manufacturing and software-led charging network operations