Electric vehicle charging solutions provider EVI Technologies raises funds from Napino Auto

Electric vehicle charging solutions provider EVI Technologies raises funds from Napino Auto
Photo Credit: Pixabay
25 Nov, 2019

New Delhi-based electric vehicle focussed startup EVI Technologies has raised an undisclosed amount of funding from Gurugram-based automotive electronics component manufacturer Tessellate Tech Ventures, the investing arm of Napino Auto & Electronics.

EVIT  believes the partnership with Napino will help make it meet the requirements of the electric vehicle (EV) industry. The funding round was not disclosed. 

The company provides all types of EV charging solutions ranging from home chargers, commercial charging stations and battery swapping stations. It plans to the funds to expand its team and develop new and faster type of electric vehicle chargers.

EVIT was founded by Rupesh Kumar, Vikrant K Aggarwal and Aditya Raj Verma in 2017. Aggarwal is a graduate of Punjab technical University and previously worked with Jaiprakash Power Ventures whereas Verma is an alumnus of IIT Delhi and was previously worked at technology major Cognizant. 

The startup is currently operating a network of over 200 EV chargers installed in 16 cities and claims to have carried out more than 15,000 chargings till October 2019. 

According to the statement, the company is planning to install a network of 2000 EV chargers besides 50 Battery swapping stations in Delhi and NCR in next six to eight months. Any EV charging customers can book the charging slot through EVIT Android/ iOS app or simply get to the nearest charging station through EVIT app.

EVIT was incubated by Electropreneur Park, the Ministry of Electronics and Information Technology (MeitY) funded & supported incubator based in South Campus of University of Delhi, to promote indigenous manufacturing in the entire value-chain of Electronic system design manufacturing (ESDM).

"By focusing on incubating and nurturing startups in the electronic eco-system like EVIT, we envision to open avenues for job opportunities in the country, push for production, demand and consumption of electronic products in the domestic market which will further help in the economic development," said Sanjeev Chopra, CEO of Electropreneur Park.