Zenergize Raises USD 2 Million for EV Fast Charger and Solar Inverter Manufacturing
EV charger manufacturer Zenergize has secured USD 2 million in seed funding. The company plans to use the proceeds to speed up the production of ‘Made in India’ electric vehicle (EV) fast chargers and solar inverters.
May 19, 2025. By News Bureau
The Gurugram-based electric vehicle (EV) startup plans to use the capital to accelerate the production of ‘Made in India’ EV fast chargers and solar inverters. The proceeds would be deployed for workforce expansion in research and development (R&D), sales, servicing and production.
The allocation of funds comes at a time when the Centre is planning to ramp up its EV charging infrastructure at airports, highways, railways and ports, with a focus on battery-swapping services.
As per reports, INR 2,000 crore has been allocated for setting up EV charging points and battery swapping stations under the INR 10,900 crore PM E-DRIVE scheme.
“We have an aggressive product roadmap and continue to invest in power electronics research and technology,” said CTO and Co-founder of Zenergize, Veer Karan Goyal.
“Our cutting-edge technology combined with a robust service and support network will help us build the scale and capacity to expand nationally,” added CEO and Co-founder of Zenergize, Navneet Daga.
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