RoadGrid, an EV charging infrastructure startup, has raised ₹12 crore in a pre-Series A funding round led by Venture Catalysts.
The round also saw participation from Inflection Point Ventures, FAAD Network, LetsVenture, and several angel investors, including Kamal Puri of Skyline Group, Pace Group’s Vrinda Goyal, Haresh Patel of Arthanomics, and Maneesh Shrivastav of Alpha Value.
The fresh funds raised will be used to expand its scale manufacturing, expand software integrations, and accelerate the nationwide rollout of charging stations.
Founded in 2020 by Deepesh Shrinath (CEO), Shashank Narayan (CTO), Chandraprakash Akotkar (COO) and Bharat Joshi (CMO), RoadGrid is an EV charging infrastructure startup that develops an accessible and interoperable universal EV charging infrastructure across India using scalable and technology-enabled solutions.
RoadGrid operates across two high-growth segments. The first is the manufacturing and sale of EV chargers to original equipment manufacturers, addressing the massive requirement for both off-board and fast DC charging for two-wheelers, three-wheelers, and four-wheelers. The second is operating public and commercial charging stations, a market that will require nearly 30 lakh charging stations by 2030, compared to about 8,000 currently installed nationwide.
The company’s business model combines Charging as a Service with direct OEM sales. RoadGrid is establishing and operating charging stations with active deployments in Indore, Noida and IOCL, alongside strong order books with utilities such as BSES, NPCL and Navi Mumbai Transport. The company has a confirmed pipeline exceeding 1,000 chargers. In parallel, RoadGrid supplies chargers directly to EV OEMs. Roadgrid has partnered with VinFast arm Vgreen to develop EV charging Network at HPCL retail outlets. As a technology partner Roadgrid is also supporting EV Network for VinFast Aftersales Network in India.
Under Charging as a Service (CaaS), it establishes and undertakes O&M of EV charging stations, with orders currently under execution, including deployments in Indore (76 chargers) and Navi Mumbai (250 chargers). These executions, along with active engagements with utilities such as BSES and NPCL, have resulted in a confirmed order book and pipeline exceeding 1,000 chargers. In parallel, the company undertakes direct OEM sales of EV chargers across 2W, 3W, and 4W segments, supported by an additional 1,000+ chargers under order. To date, the company has executed 100+ installations across MP, Rajasthan, and Karnataka for marquee clients, including IOCL, Amazon, BSES, and NPCL, with deployments spanning cities such as Lucknow, Hyderabad, and Bangalore.
Mitesh Shah, Co-founder of IPV, said, “One of the biggest gaps in India’s EV journey today is not intent, but infrastructure. Consumers are ready to adopt electric mobility, but the lack of reliable, accessible charging continues to slow scale. What stood out to us about RoadGrid is their clear understanding of this gap and their ability to address it across multiple layers, from charger manufacturing to on-ground charging operations. Their focus on both OEM partnerships and public charging networks positions them well to build infrastructure that is not just expansive, but practical and sustainable.”
Deepesh Shrinath, Founder & CEO, RoadGrid, said, “RoadGrid is on a mission to enable seamless, sustainable, and accessible electric mobility across India. We are focused on building reliable, universal charging infrastructure that works across vehicle categories and real-world use cases. With our VC partners, we will be scaling EV charging infrastructure that can become foundational to India’s EV ecosystem and support adoption at a national level.”
