Startup CHARGE+ZONE has raised $10 million as a bridge round

EV-charging infra startup CHARGE+ZONE has raised $10 million as a bridge round drove by Venture Catalysts and others, and will additionally raise Series A funding worth $50 million in 2022.

The funding will assist Charge+Zone in amping up its already existing charging organization of more than 1000 points across 19-urban areas largely for electric transports and cars.

Launched in 2018, CHARGE+ZONE is an EV charging infrastructure company specializing in B2B and B2C charging administrations by using smart-framework organizations.

The Gujarat-based EV firm has a 500 kms zapped National Highway B2C Network from Mumbai to Ahmedabad and has plans to energize 10,000 kms pan-India in collaboration with partners, dealers and franchise.

The company’s income stream is driven by Fast DC Charging Network for Electric Buses, Electric Cars and Electric 2 and 3 Wheelers, Battery Swapping Networks for Electric 2 and 3 Wheelers and SAAS.