Startup Profile-ZEVPoint E-Mobility

ZEVPoint E-Mobility is an Indian start-up into EV charging infrastructure space offering fast and secure charging solutions for home & commercial clients that suits their needs. Its flagship product is the Swift Pro EV charger that comes with features like monitoring usage, password protection, scheduling your charging time and power, and intelligent safety chip for a safe charging experience without the use of any mobile app or internet ensuring.

ZEVPoint E-Mobility claims a charging speed of uptoa charging speed of up to 7.2 kW with this.

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ZEVPoint E-Mobility claims it has focused hard on affordability keeping in mind the Indian market.

The name ZEVpoint comes from- “Zero Emission Vehicle Point”.

Year of Establishment: ZEVpoint was founded in 2019.

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Founders: Its co-founders include Akaash Jain and Gurvardaan Singh who are based out of Chandigarh with a background in engineering and are alumni of IIFT (International Business). Akaash Jain is a veteran in the infrastructure space, with experience building some of the earliest cold storage operations in North India. Gurvardaan Singh has a background in sales, marketing & product management in consumer durables.

Source of Funds for Start-up: Till date, ZEVPoint has been bootstrapped and the founders raised funds only with family & peers.

Journey So Far: ZEVPoint has spread its reach across India with offerings in residential and commercial EV charging solutions. At the same time ZEVPoint has been providing charging solutions to individual EV owners looking for faster charging solutions at home.

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Hopes From FY24: At the current rate the founders hope to provide charging solutions to 1000+ customers by FY 2024. The company has planned to launch a new SKU in the portable EV charger range in August 2023.

Expanse of Business: ZENpoint started off slowly with local tie ups in a few locations around Chandigarh for EV charging stations, but has now expanded pan India with its presence spread across 45+ cities. To give you an idea, the company is serving customers as far as Trivandrum in Kerala to Katra in J&K, and Chittoor in Andhra Pradesh.

Business Augmentation Plan: ZEVPoint is looking to grow aggressively this year with the exponential growth in the sales of Electric Vehicles, especially if one considers the sales figures of April and May which indicate a strong customer base adopting EVs. With new SKUs also adding in, ZEVPoint expects to see 2X revenue growth in the next 6 months itself.

Consumer Response: The company claims that the consumer response towards ZEVPoint’s SwiftPro charger has been impressive and includes Tata Motors, Mahindra, BYD, Citroen etc. All EV drivers who are looking for faster charging can purchase SwiftPro fast charger at an affordable cost. The company claims to be a top seller on Amazon.

Top Clients: Commercial charging solutions for top tier hotel properties like ITC & Fortunes, Hyatt, Wyndham, Regenta, Royal Orchids etc.

Market Locations: ZEVPoint product and services are available across 45+ cities in the country. In terms of charging network (Public charging stations installed by ZEVPoint, available on mobile app), we have a strong presence in the North region Chandigarh, Punjab, Himachal, Rajasthan and Uttarakhand.

New Launches: ZEVPoint has 2 new products under development which will be launched in this year, which will focus on a portable range of EV chargers for electric cars.