EV Charging Station Business Raising Funds In Mumbai

About Business

EV Charging Infrastructure Business Overview:
The business is developing an electric vehicle (EV) charging infrastructure network across Maharashtra. The initial focus is on highways, tourism routes, semi-urban areas, and regions with limited charging facilities. The goal is to create a reliable charging network supported by technology and renewable energy integration.
Vision: To build a trusted and accessible EV charging network across Maharashtra and Western India. Mission: To support the adoption of electric mobility by providing affordable, reliable, and technology-enabled EV charging infrastructure across highways, tourist destinations, towns, and rural areas. Market Opportunity:
The Indian EV market is growing due to several factors:
* Rising fuel costs
* Government support through EV policies and incentives
* Increasing environmental awareness
* Expansion of EV manufacturers and vehicle options
* Growing demand for charging infrastructure

Regional Focus:
The Konkan region offers an opportunity due to increasing vehicle movement and limited charging infrastructure.

Key factors include:
* High tourism traffic
* Connectivity along the Mumbai–Goa corridor
* Increasing EV adoption
* Limited availability of charging stations
* Demand for highway charging facilities
* Growth in vehicle ownership in semi-urban areas

Industry Challenges:
Current challenges in the EV charging sector include:
* Limited charging infrastructure in coastal and Konkan regions
* Range anxiety among EV users
* Inadequate charging coverage along highways
* Lack of charging facilities in rural and semi-urban areas
* Dependence on urban charging clusters

Proposed Solution:
The business plans to deploy:
* DC fast chargers ranging from 60 kW to 180 kW
* Smart AC charging stations
* Mobile application-based access
* Digital payment systems
* Fleet charging solutions
* Charging hubs integrated with renewable energy sources

Target locations include:
* Coastal regions
* Highways
* Tourist destinations
* Town centres
* Hotels and resorts
* Commercial areas

Revenue Model:
Pay-Per-Use Charging:
* AC charging for two-wheelers and three-wheelers
* DC fast charging services
Subscription Plans:
* Monthly charging packages
* Fleet operator plans
* Charging solutions for taxi operators
* Corporate mobility subscriptions

Business Partnerships:
* Hotels and resorts
* Commercial buildings
* Residential communities
* Fleet operators

Advertising Revenue:
* Digital display advertising
* Brand partnerships
* On-site promotional activities

Technology and Software Services:
* Smart monitoring solutions
* Charging analytics
* Remote diagnostics
* Platform integration services

Charging and Payment Process:
* Customer arrives at a charging station
* Charging session is started through a QR code or mobile application
* Payment is made digitally using UPI or an in-app wallet
* Vehicle is connected to the charger
* Charging is activated through the application or QR code
* Users can monitor charging status in real time
* Digital invoices are generated automatically

Technology Infrastructure:
The charging ecosystem is expected to include:
* OCPP-compliant smart chargers
* Cloud-based monitoring systems
* Real-time charger tracking
* Mobile application integration
* Remote diagnostics
* Preventive maintenance tools
* CCTV-based monitoring

Future development plans may include:
* Solar-powered and wind-powered charging hubs
* Battery energy storage systems
* Vehicle-to-grid compatible infrastructure
* Battery swapping facilities
* Food and beverage outlets at selected locations

Expansion Strategy:
Phase 1: Konkan Region (Years 1–2):
* Deployment of 50–75 charging stations
* Focus on tourism routes, highways, and coastal corridors
* Charging facilities in strategic towns

Phase 2: Maharashtra Expansion (Years 2–4)
Expansion into:
* Mumbai metropolitan outskirts
* Pune
* Nashik
* Industrial corridors

Phase 3: Western India Expansion
* Entry into neighbouring states
* Development of renewable energy-integrated charging hubs
* Expansion of fleet charging partnerships

Clientele type

They will establish EV charging stations on rest stops on highways, petrol pumps, hotels, etc.

Premises

LEASED

Lease per month (in INR): 17.70 K

Security Deposit (in INR): 1.00 L

Carpet Area: 400 sq ft

Asking Price Includes

The terms of the transaction will be discussed with suitable investors.

Asking Price

INR 5.00 Cr

Minimum ticket size

INR 5.00 Cr

Reason

They have successfully completed the pilot project and are seeking funds to launch more charging stations.