Statiq Analysis: $26M Raised
What is Statiq?
Statiq operates an EV charging network and software stack across India, serving drivers, fleet operators, and property owners. Its offerings combine public charging, home chargers, charger-management software, and a station-finding app. The company reports 10,000+ chargers installed, 2M+ charging sessions, and coverage across 1,014+ cities.
Location
Gurugram, India
Employees
201-500
Founded
2020
Industry
Statiq Operates In The Electric Vehicle (ev) Charging Industry. This Industry Focuses On Providing Infrastructure And Services For Charging Electric Vehicles, Which Are Becoming Increasingly Popular As A Sustainable Alternative To Traditional Gasoline-powered Cars. The Sector Encompasses The Development And Management Of Charging Stations, As Well As Software Solutions That Facilitate The Charging Process, Such As Mobile Apps For Locating Stations, Booking Charging Sessions, And Tracking Charging Status. Statiq Is Notable For Operating India's Largest Network Of Ev Charging Stations, With Plans To Significantly Expand Its Infrastructure To Support The Growing Demand For Electric Vehicles.
Revenue
$8.85M
Business Model
Pure Industrial Software
Funding Status
Seed
HQ Location
Gurgaon, Haryana, India
YC Batch
S20
Product Features & Capabilities
- Statiq Circle, AdWall, CCS Charger, 22 KW Charger, 60kW Dual Gun, NECTAR, Whitelabel Solution, CSMS, EV Calculator, Route Planner
Use Cases
Track EV charging status via mobile app; Locate nearby charging stations; Book charging sessions through the app; Calculate savings from switching to EV; Plan routes tailored for EV charging needs
Pricing
- AC Charging: ₹11/kWh
- DC Charging: ₹16/kWh
- Build your own Statiq Charging Hub: Starting at ₹10,00,000
How much Statiq raised
1: - $25.7 million
June 23, 2021Lead Investor: Shell Ventures, among others.
Who are the founders of Statiq
AB
Akshit Bansal
Founder
RA
Raghav Arora
CTO, Founder
Full Address
Building No. 9B, 3rd Floor, DLF Cyber City, Gurugram, Haryana-122002, India.
Market Focus
Statiq primarily focuses on the electric vehicle charging solutions industry in India, providing a network of charging stations and infrastructure to support sustainable mobility.
Competitors Overview
Statiq operates in the electric vehicle (EV) charging solutions market in India, where it faces competition from several notable companies. The main competitors include:
-
Bolt.Earth: This company focuses on providing a network of EV charging stations and has been recognized for its innovative solutions in the EV space. Bolt.Earth emphasizes user-friendly technology and accessibility.
-
ChargeZone: ChargeZone offers a comprehensive range of EV charging solutions, including fast charging stations. They are known for their strategic partnerships and extensive network, which enhances their market presence.
-
Exicom: Exicom specializes in advanced charging infrastructure and energy management solutions. They have a strong focus on technology and innovation, providing high-quality products that cater to various customer needs.
-
ChargePoint: Although primarily based in the U.S., ChargePoint has a growing presence in India. They are known for their extensive network and user-friendly app that helps users locate charging stations easily.
-
Magenta: Magenta is another competitor that focuses on providing EV charging solutions and has been expanding its network across India. They are recognized for their commitment to sustainability and innovative charging technologies.
Notable differences and advantages among these competitors include the scale of their networks, technological innovations, partnerships with local governments, and user experience enhancements through mobile applications.
Investors
- Y Combinator
- Shell Ventures
- Astir Ventures
- Climate Capital
- VentureSouq
- Oyster Ventures
- Emles Venture Partners
- Halo Labs
- Realm Capital Ventures
Full Description
Statiq operates India's largest network of EV charging stations, with over 7000 chargers across 63 cities. The company focuses on providing accessible and reliable charging solutions for electric vehicles, including both hardware and software products. Statiq aims to expand its network to 25,000 charging stations by the end of 2024.
Other Considerations
Serves over 7000 charging stations in India; Partnered with major brands like MG and Mahindra; Aims to install 25,000+ stations by 2024
See something that needs updating? Suggest edits to this profile.