In a major consolidation for India’s electric mobility sector, ChargeZone, the country’s largest charge point operator (CPO), has acquired Zerovolt’s flagship Wadala charging facility in an all-cash deal. The financial terms of the acquisition were not disclosed.
Founded just three years ago by Harshdeep Singh Virk and Priyesh Joshi, Zerovolt quickly emerged as a frontrunner in heavy commercial EV charging solutions. The company gained prominence for powering Chalo Mobility, India’s first private electric intra-city bus operator, thereby spearheading sustainable public transport adoption.
With this acquisition, ChargeZone — backed by BlueOrchard Finance and British International Investment — is set to consolidate its leadership in EV infrastructure. The company aims to scale its network to 15,000 fast DC charging points nationwide, providing a robust foundation for India’s zero-emission mobility transition.
“This acquisition is not just a validation of our early vision but also a stepping stone towards building a full-fledged electric mobility platform for heavy commercial vehicles,” said Zerovolt Co-Founder Harshdeep Singh Virk. His fellow co-founder, Priyesh Joshi, added that the deal provides the scale needed to accelerate large-scale fleet electrification.
Kartikey Hariyani, Founder and CEO of ChargeZone, highlighted the strategic importance of the move: “India’s EV ecosystem is entering a decisive growth phase, and the electrification of heavy commercial vehicles will be its true tipping point. By integrating Zerovolt’s flagship hub into our network, we are reinforcing our commitment to building the backbone of sustainable transport for the country.”
While ChargeZone strengthens its operational footprint, Zerovolt’s young founders are already preparing their next big leap — building India’s first integrated EV ecosystem for commercial fleets. Over the next two years, the company plans to invest ₹250 crore to electrify transport and logistics, among the most fuel-intensive and emission-heavy sectors in the country.
The acquisition marks a strategic consolidation in India’s EV landscape, positioning both companies to accelerate fleet electrification and reshape the future of sustainable logistics and heavy-duty mobility.
