RoadGrid secures ₹13 crore government backing for EV charger plant
RoadGrid India will build a ₹27.5 crore local EV charger manufacturing facility with Technology Development Board funding, targeting commercial production by March 2027. The plant is designed to produce 2,000 universal chargers annually and create more than 100 jobs.
What happened
RoadGrid India secured Rs13 crore in TDB funding for a Rs27.5 crore local EV charger plant, targeting commercial production by March 2027. The facility will
Key facts
- Rs13 crore TDB funding
- Rs27.5 crore project cost
- 2,000 chargers annual manufacturing capacity
- More than 100 jobs
- Commercial production expected by March 2027
- Rs12 crore pre-Series A funding
- More than 40 employees
- Over 100 EV chargers deployed
- More than 200 charging points managed
- More than 400,000 public charging points estimated needed by 2030
Why this matters
The plant creates a potential domestic supply-chain partner for retailers, fuel stations and mobility platforms seeking scalable universal-charger deployments.
What to watch
- Construction and commissioning milestones toward the March 2027 commercial-production target.
- Announced customer contracts, tender wins and committed annual charger volumes versus the 2,000-unit capacity plan.
- Government EV-charging tenders, domestic-manufacturing incentives and changes to technical standards.
- Grid-connection approval timelines and electricity-demand charges at commercial charging sites.
- Utilization rates, charger uptime guarantees and service-network expansion after launch.
- Competitive pricing from imported chargers and larger domestic manufacturers.
- Secure anchor purchase orders from oil-marketing companies, retail-property owners, logistics fleets and state agencies before commercial production begins.
- Build installer, maintenance and spare-parts coverage in high-EV-density corridors to make charger uptime a core sales advantage.
- Pursue domestic-content and public-procurement certifications that improve eligibility for government and utility tenders.
- Develop recurring revenue through charger-management software, maintenance contracts, payment systems and energy-management services.
- Lock in critical power-electronics and connector supply agreements to reduce import exposure and commissioning delays.