The Top 5: Largest EV Charging Station Companies In India

Highlights :

  • The top 5 largest EV Charging Station Companies In India are Tata Power, Charge Zone, Ather Energy, Charzer, and Statiq

The Indian EV charging station market is highly fragmented as several private and public entities are setting up charging infrastructure in various locations across India. Different types of EV chargers are available in the Indian market comprising Type 1, Type 2, AC and DC, unidirectional and bidirectional charging catering to e4W (electric 4-wheeler), e3W (electric 3-wheeler), and e2W (electric 2-wheeler).

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The charging infrastructure in India is underdeveloped. India has a ratio of around 135 EVs per charger available, as per a paper published at an electric vehicle conference, The EVConIndia 2022, in New Delhi. This shows a prolonged growth compared to eminent markets like China and the US which have ratios of 6 and 17 EVs per charger, respectively.

The country is making remarkable progress though. With the implementation of the FAME India Scheme, the India EV charging equipment market has gained significant momentum. Under Phase I of the FAME India Scheme, India sanctioned 520 EV Charging Stations. Out of this, 479 charging stations were installed by July 1 2022. Under Phase II, the Ministry sanctioned 2877 EV Charging Stations in 68 cities across 25 states/UTs. Out of this, 50 charging stations have already been installed as on July 1 2022.

The growing charging market has also opened up a new market of opportunities for equipment supply firms like Exicom, Delta, Okaya etc, that supply their chargers to these firms.

While Energy Efficiency Services Limited (EESL), being a public firm, bagged most of the contracts under FAME I, other companies have also shown their presence in this early phase of the charging station market of India. We look at the top 5 largest EV charging station companies In India.

#1 Tata Power

Tata Power is the biggest CPO of EV charging infrastructure in the country. Tata Power is almost single-handedly addressing range anxiety for EV owners through a pan-India EV charging infrastructure setup. The company has a presence across all the segments of the EV charging ecosystem and deploys all types of chargers – DC 001, AC, Type2, Fast DC chargers up to 50kwh, and up to 240kwh chargers for buses. Tata Power EZ Chargers’ ecosystem covers public chargers, captive chargers, bus/fleet chargers, and home chargers.

The firm plans to have more than 6500+ charging points by FY 2023. Tata Power has a robust network of more than 24,000 public and semi-public chargers spread across 300 cities, villages, and national highways. In addition, the firm boasts of over 240 electric bus charging stations and over 21,000 home chargers (for private use).

#2 Charge Zone

Charge Zone is one of the largest EV charging station companies in India. The CPO provides end-to-end EV charging solutions and battery swapping solutions across India. Charge Zone has created an active B2B and B2C network for EV charging stations for both fleet and retail customers. The company’s charging stations are rapid DC charging points that provide 80-100 per cent charge in 20-30 minutes and a full charge in an hour depending on the EV’s battery size.

The firm currently operates over 750 charging stations with 1400+ charging points. It serves 25 cities PAN-India. The firm is strengthening its base in the market by partnering with automobile makers such as Mahindra and Mahindra.

The company also recently completed the electrification of over 1,000km of national highways in India, by installing a network of 20 unmanned, app-driven, superfast EV charging points along the Gujarat-Maharashtra National Highway. Apart from its larger goal of electrifying 10,000 km of national and state highways over the next 3-5 years, the company also plans to have a robust network of one million EV charging points by 2030.

#3 Ather Energy

Ather Energy has installed over 550 Ather fast-charging grids across 56 cities in India and has become one of the largest fast-charging networks for two-wheelers. The company also has plans to install additional 820 grids to bring its total up to 1400 Grids by the end of FY23.

Interestingly, 60 per cent of current installations are in tier-II and tier-III cities. The Ather Grid app supports the vast network allowing EV owners to locate and check the availability of the nearest charging stations in real time. While largely meant for two-wheelers, the fast charging stations can also be availed by all-electric four-wheeler vehicles. Ather Energy is even offering the facility free of charge till the end of December 2022.

#4 Charzer

Charzer is a Bangalore-based startup company. Last year, the firm partnered with ADDA, a comprehensive society management system, to build charging infrastructure in apartment complexes. In two years, Charzer is aiming to install smart EV charging stations at 1,500 apartment complexes across India. After pulling that off, it may well become one of the largest EV charging station companies In India.

Charzer has a unique solution in its low-cost, compact and smart IoT-powered electric vehicle charging station – Kirana Charzer. can be hosted by small shops, restaurants, homeowners, offices, PGs and those looking to earn an additional income. It is an affordable charging station compatible with electric cars, electric scooters, and electric autos. Currently, the company boasts 850+ charging stations across 20+ cities.

#5 Statiq

The EV charging operator Statiq has claimed to have already installed more than 600 charging stations in Karnataka, Himachal Pradesh, and Rajasthan. By the end of this year, Statiq aims to establish around 10,000 charging stations across the country. Recently, Statiq collaborated with HPCL to set up over 200 EV stations across the highways of UP, Bihar and Uttarakhand. Statiq looks to exploit the established network of HPCL’s multiple petrol pumps.

 

 

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Junaid Shah

Junaid holds a Master of Engineering degree in Construction & Management. Being a civil engineering postgraduate and using his technical prowess, he has channeled his passion for writing in the environmental niche.

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