RoadGrid, a technology startup building next-generation electric vehicle charging infrastructure, has raised ₹12 crore in a Pre-Series A funding round led by Inflection Point Ventures (IPV), with participation from Venture Catalysts, FAAD Network, LetsVenture, Kamal Puri of Skyline Group, Pace Group’s Vrinda Goyal, Haresh Patel of Arthanomics and Maneesh Shrivastav of Alpha Value.
The funding marks a key milestone in RoadGrid’s ambition to build one of India’s largest and most accessible EV charging ecosystems, spanning charger manufacturing, public charging operations and cloud-based software platforms.
RoadGrid operates across two fast-growing segments. The first focuses on the design and manufacture of patented universal EV chargers compatible with two-wheelers, three-wheelers and four-wheelers, catering to rising demand from original equipment manufacturers for both off-board and fast DC charging solutions. The second segment involves deploying and operating public and commercial charging stations under a Charging-as-a-Service (CaaS) model.
The company currently has active charging deployments in cities including Indore and Noida and at Indian Oil Corporation locations, alongside a confirmed order book and pipeline exceeding 1,000 chargers, supported by utility partnerships with BSES and NPCL and contracts with Navi Mumbai Transport. It has also received additional orders for over 1,000 chargers for direct OEM supply across multiple EV categories.
To date, RoadGrid has executed more than 100 charging installations across Madhya Pradesh, Rajasthan and Karnataka for clients such as IOCL, Amazon, BSES and NPCL, with deployments in Lucknow, Hyderabad and Bengaluru.
RoadGrid has also partnered with V-Green, the charging arm of VinFast, to develop EV charging infrastructure at HPCL retail outlets and to support VinFast’s after-sales charging network in India, strengthening its presence in the passenger EV ecosystem.
According to industry estimates cited by the company, India’s EV charging market, currently valued at around ₹5,000 crore, is expected to expand to ₹50,000 crore over the next six years, driven by the projected adoption of 80–100 million EVs by 2030 and the requirement of nearly 30 lakh charging stations, up from about 8,000 today.
Mitesh Shah, Co-founder of Inflection Point Ventures, said the lack of reliable charging infrastructure remains one of the biggest barriers to mass EV adoption in India. He added that RoadGrid’s integrated approach—spanning charger manufacturing, OEM partnerships and public charging operations—positions the company to build scalable and sustainable charging networks nationwide.
Founder and CEO Deepesh Shrinath said the company aims to create universal, reliable charging infrastructure that works across vehicle categories and real-world use cases, forming a foundational layer for India’s electric mobility ecosystem.
RoadGrid’s founding team brings experience across EV infrastructure, power electronics and large-scale operations, including CTO Shashank Narayan, author of NITI Aayog’s EV charger handbook, COO Chandraprakash Akotkar, and CMO Bharat Joshi.
With the fresh capital, the company plans to accelerate charger manufacturing, expand public charging deployments, and scale its cloud-based platform to improve charger reliability, uptime and user experience across India.
