EV charging network operator Statiq secures USD 18-million funding

EV charging network operator Statiq secures USD 18-million funding

Mumbai, Feb 18 (PTI) Electric vehicle charging network operator Statiq on Wednesday said it has secured around USD 18-million funding in a combination of debt and equity led by Tenacity Ventures, with key participation from Y Combinator, Shell Ventures, and RCD Holdings.The company said it plans to utilise the fresh capital for aggressively scaling up the infrastructure and strengthening its presence across tier-1 and tier-2 cities, besides fuel…

EV Infra Startup Statiq Bags $18 Mn To Expand Charging Network

EV charging startup Statiq has raised $18 Mn (₹163.2 Cr) in a mix of equity and debt funding in a round led by Tenacity Ventures, with participation from Y Combinator, Shell Ventures and RCD Holdings. Statiq plans to utilise the funds toward scaling its charging infrastructure and expand presence across Tier I and II cities. The startup is planning to install DC fast chargers across key highways, upgrade its products to achieve “99.9% uptime” an…