India, Aug. 3 -- RoadGrid India Private Limited announced that it has received financial assistance of Rs.13 crore from the Technology Development Board (TDB), under the Department of Science and Technology (DST), Government of India, for its Rs.27.5 crore project to establish a manufacturing and assembly facility for the commercialisation of its patented Universal EV Charger.
Funding Support:
Rs.13 crore sanctioned by the Technology Development Board (TDB) under DST, backing RoadGrid's Rs.27.5 crore project.
Facility Goals:
- Annual capacity: 2,000 Universal EV Chargers.
- Commercial production: March 2027.
- Over 100 direct jobs created.
Technology Edge:
- Patented Universal EV Charger with 140 kW dual DC system (CCS2 + Type 6 connectors) plus AC capability.
- Interoperable across two-wheelers, three-wheelers, passenger cars, and commercial EVs.
- 100% localized manufacturing-reducing import dependence.
Manufacturing Scope
End-to-end production covering:
- Power electronics
- Thermal management
- Embedded software & communication modules
- Metering & control hardware
- Enclosure fabrication, testing, calibration, integration
Strategic Impact
- Strengthens India's indigenous EV charging ecosystem.
- Supports national target of 400,000+ public chargers by 2030.
- Expected revenues: ~Rs.100 crore annually at initial 1,000-unit production.
Partnerships & Growth
- Raised Rs.12 crore in pre-Series A funding earlier this year.
- Already deployed 100+ chargers, managing 200+ points.
- Collaborations with VinFast, HPCL, IOC......
Published by HT Digital Content Services with permission from Travel Media.