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EVI Technologies plans to set up 20,000 EV charging stations

Auto News - Published on Tue, 19 Feb 2019

Image Source: Business Today
Economic Times reported that Electric vehicle charging infrastructure provider EVI Technologies plans to invest around INR 100 crore in the next one and a half years to set up 20,000 charging stations across the country. The firm, incubated at the Electropreneur Park funded by the Ministry of Electronics and Information Technology, has also tied up with BSES Rajdhani Power Ltd to set up around 3,000 electric vehicle charging stations in Delhi.

EVI Technologies Chief Executive Officer Rupesh Kumar told PTI that "We have a target to create a network of around 20,000 EV chargers in the next one and a half years. This will include home and public charging stations.”

When asked about the investments for the planned stations, he said that "It will be around Rs 100 crore. We are tying up with some finance partners, who are already providing finance for the leasing model. We are already in discussion with some of them."

Currently, the start-up has presence in 16 different locations in 10 states.

EVI Technologies, which started in June 2017, offers its charging stations on lease for private users. It won orders for 50 charging stations from EESL in December 2017 which is being currently installed in complexes of several ministries.

Source :

Posted By : Joykumar Irom on Tue, 19 Feb 2019
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