RoadGrid secures Rs 13 crore TDB support for EV charger manufacturing facility

EV charging startup RoadGrid has received Rs 13 crore in Technology Development Board assistance for a Rs 27.5 crore Universal EV Charger manufacturing project. Commercial production is targeted for March 2027, with an initial capacity of 1,000 chargers.

— Source publishedMon, 3 Aug, 2026, 10:52 IST·First seen Mon, 3 Aug, 2026, 10:57 IST·Source Entrackr · Newsletter

What happened

Indian EV charging startup RoadGrid secured Rs 13 crore from the Technology Development Board for a Rs 27.5 crore facility manufacturing its Universal EV

Key facts

  • Rs 13 crore financial assistance
  • Rs 27.5 crore manufacturing project
  • 2,000 chargers annual capacity
  • Commercial production expected in March 2027
  • More than 100 jobs expected
  • Over 40 employees
  • More than 100 EV chargers deployed
  • Over 200 charging points managed
  • Six enterprise customers
  • Rs 12 crore pre-Series A funding
  • Around Rs 100 crore projected annual revenue
  • Initial production level of 1,000 chargers

Why this matters

RoadGrid’s factory plan makes it a more integrated EV-infrastructure partner or acquisition target for retailers, fuel networks and mobility firms seeking localized charger supply.

What to watch

  • Plant construction and commissioning milestones ahead of the March 2027 production target.
  • Confirmed purchase orders, especially multi-location contracts with retailers, fuel stations or fleet operators.
  • Evidence that chargers support prevailing connector, payment and network interoperability standards.
  • Localization levels for power modules, controllers and other high-cost components.
  • Capacity ramp toward 1,000 initial chargers and 2,000 annualized chargers.
  • Charger uptime, utilization and maintenance economics at deployed sites.
  • Competing domestic manufacturing announcements or price reductions from established charger suppliers.
  • Secure component suppliers and certification approvals for universal charger models.
  • Convert existing deployment relationships into anchor orders from retail chains, malls, fuel retailers, parking operators and fleets.
  • Build installer, maintenance and service-level-agreement coverage in priority urban corridors.
  • Bundle hardware with charger-management software, payments, remote monitoring and financing to create recurring revenue.
  • Use TDB-backed domestic manufacturing credentials in public and corporate procurement bids.

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