Indian electric vehicle charging startup Statiq raises over $25 million in Series A round

Indian electric vehicle charging startup Statiq raises over $25 million in Series A round
Photo by Eldo Rafael / Unsplash

Statiq, an India-based electric vehicle charging network startup has raised $25.7 million in its Series A funding round led by Shell Ventures.

  • The fund will be invested in product engineering and network infrastructure, the startup claims.
  • Statiq manages a network of electric vehicle charging from installation to enabling payment across its stations.
  • The startup has partnered with Hero Electric and Ather to improve electric vehicle charging in India.