Estimated Reading Time: 1 minutes
Pune based electric vehicle charging solutions startup GoEgoNetwork recently announced that it has raised USD 2 million (nearly INR 15 crore) in seed funding to expand its existing electric charging network. The amount was funded by Rishi Bagla, Chairman of Bagla Group, a leading auto component manufacturer, along with Olivier Guillaumond, Head of Global Innovation Labs and Fintech at ING Bank in the Netherlands.
On the fundraising, goEgoNetwork Co-Founder and CEO Sayantan Chakraborti said – “The recent investment further reinforces our commitment and dedication towards being India’s only smart electric charger network. We aim to compel the market to switch towards EVs while creating more job opportunities with the best professionals in this greenfield industry”.
Chairman of Bagla Group, Rishi Bagla said – “In the EV sector, more focus has begun on installing charging infrastructure. This will be the single most important factor, which drives adoption of electric vehicles. GoEgoNetwork has the calibre to make a ‘Made in India’ product that is truly world-class.”
Guillaumond, who is a co-investor and advisor to goEgoNetwork, said – “The transition towards sustainable mobility is an unstoppable global trend and companies — which are able to provide reliable, fast and cost-efficient electric charging infrastructure for all types of vehicles — will make a huge impact”.