iCreate Incubated Charge+Zone Signs MOU for 50,000 Charging Stations

Highlights :

  • The plans for Charge+Zone envisage an investment of $300 million , starting with the state of Gujarat
  • Startups have taken the lead when it comes to the EV ecosystem, and the CHARGE+ZONE effort is yet one more pointer.

iCreate, the Gujarat government backed tech startup incubator has facilitated a partnership between it’s supported start-up CHARGE+ZONE, a technology-driven EV Charging Networks company and the Government of Gujarat, for $300 Million investment, in an endeavour to set up a network of un-manned, app-driven 10,000 charging stations  within the state of Gujarat on national and state highways, and scale it up to 50,000 + charging stations to cover pan-India. The MoU between both the parties was signed on December 21 as part of the Investment Promotion Activity for the Vibrant Gujarat Global Summit 2022 with an objective to amplify the charging infrastructure for EVs on National and State highways across India. 

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The MoU signed between both the parties aims to further electrify 10,000 kms of National and State Highways in the next 3-5 years with super-fast charging stations and will lay the foundation in creating a robust charging infrastructure model for the country, thereby helping enable e-mobility for the consumers. The Government of Gujarat will facilitate CHARGE+ZONE to obtain necessary clearances and approvals from the concerned departments of the State as per the existing policies of the State Government. 

The founders of iCreate, its Chief Mentor Shri Parag Amin and I, all are very proud that a start-up that was an idea in the summer of 2018 is now strong enough to help make the State of Gujarat a leader in Indian EV Charging infra. This vindicates iCreate’s vision of being the place to be for tech innovators. This MoU with the Government of Gujarat coupled with the very successful magnetless EV motor project with Sona Comstar and our EVangelise EV Innovation program  have made iCreate a reference point for EV innovators in India”, said Anupam Jalote, CEO, iCreate. 

Supported by iCreate, CHARGE+ZONE also provides comprehensive EV Charging solutions by offering Energy-as-a-Service with battery swap stations, app driven convenience and cloud based technology. While the national /state highways will be deployed with super-fast charging stations, CHARGE+ZONE aims to bring in AC type 2 Max charger and AC Type 2 Mini chargers for corporate campuses, gated communities, business/IT parks etc.

Commenting on the announcement, Kartikey Hariyani, Founder & CEO, CHARGE+ZONE said It is an honour for us to partner with the Government to electrify the roadways with EV charging points in the country. With this, we have taken a step closer towards achieving our mission of setting up one million charging points in the country and consequently, accelerating the adoption of EVs in the country. Having achieved this milestone, I would like to extend a big token of gratitude to iCreate for empowering us with the required resources and representing us with various stakeholders in Government PSUs, Central Government as well as state Government to achieve our mutual mission to revolutionize the EV industry.”

CHARGE + ZONE has created an active B2B and B2C network for EV charging for both fleet and retail customers by setting up 120+ charging points across 400+ EV charging stations serving around 3000 EV (car+buses) on a daily basis. It has now set an objective of setting up new hubs for 3000+ electric buses for intercity public transportation in 10+ states in India. Since Gujarat has a vibrant manufacturing ecosystem, the Government will support the start-up with procuring the required resources and charging units from contract manufacturers as well as renewable energy and battery storage to create a 100% reliable EV charging network.

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