VC Fund Investments
EV charging network Charge Zone to raise $19-M from BII
Vadodara-based electric vehicle (EV) charging network Charge Zone has received a USD 19 million commitment from British International Investment (BII), the UK’s development finance institution (DFI).Charge Zone will use the funds to expand its high-speed charging network for electric cars, buses, and trucks across India. It also plans to roll out more than 1,500 supercharging stations over the next 18 months and reach a portfolio of over 10,000 charging stations by 2027.
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