The electric vehicle revolution in India has been gaining remarkable momentum, but one issue persists: the lack of charging infrastructure keeping pace with EV adoption. The convenience of electric vehicles will improve as the network that supports them expands, but range anxiety, unreliable charger uptime, and coverage gaps remain obstacles to increasing EV ownership beyond major cities. In this context, building consistent, widespread charging systems is not just an operational challenge but a strategic necessity for India’s energy transformation. Statiq, an EV infrastructure pioneer based in Gurugram, is one of the startups that has successfully addressed this challenge and is advancing accessible, efficient charging across the country.
Founded in 2020 by Akshit Bansal and Raghav Arora, Statiq’s goal is to create a comprehensive electric vehicle charging platform that seamlessly integrates hardware, software, and convenient services. Its offerings include both AC and DC fast chargers, supporting various EV types and incorporating technology and infrastructure aimed at maximising daily mobility. The app enables users to locate, reserve, and pay at charging stations across networks, including third-party partners, providing a more convenient charging experience for EV owners.
Solving the Infrastructure Problem Holding EVs Back
Statiq’s development demonstrates that targeted innovation can accelerate EV adoption. By 2025, the company had installed roughly 8,000 EV chargers across more than 65 cities, capturing an impressive 22% market share in India’s EV charging network, an impressive achievement in a rapidly evolving industry. In addition to these numbers, the deployments also cover high-traffic locations such as airports, malls, upscale hospitality areas, highway corridors, and strategic urban regions, helping reduce range anxiety and build confidence among EV users.
At the start of 2026, Statiq secured an $18 million funding round led by Tenacity Ventures, with participation from prominent investors such as Y Combinator, Shell Ventures, and RCD Holdings. This equity and debt raise followed its Series A financing of $25.7 million in 2022, also led by Shell Ventures, indicating renewed investor confidence in EV infrastructure, which had seen subdued capital spending in recent years. The latest funding will be used to expand the network in Tier-1 and Tier-2 cities, deploy more DC fast chargers on highways, and improve hardware lifecycle systems, telematics, and uptime key elements of dependable service.
Statiq is also the first to pioneer asset-light expansion models, such as its Franchise-Owned, Company-Operated (FOCO) model. Recently introduced in Gurugram, this model involves partners investing in charging infrastructure, while Statiq handles operations and service quality. It enhances scalability without significantly burdening the company’s balance sheet and enables local entrepreneurs to contribute to the EV ecosystem.
Testing a Made-in-India Model on the Global Stage
Although it is primarily focused on the domestic market, Statiq is considering expanding globally. After conducting pilot deployments in the United Arab Emirates, the company plans to export its Made-in-India charging hardware and software stack to international markets, emphasising high design quality and global interoperability. This vision reflects a larger trend in EV infrastructure: as the world moves toward electrified transportation, reliable charging infrastructure becomes essential to sustain growth.
Aligning Private Innovation with India’s EV Policy Push
The government’s programs to support the EV ecosystem in India include the FAME (Faster Adoption and Manufacturing of Electric Vehicles) program, which subsidises EV purchases and infrastructure installation. Combined with these policies, they help startups like Statiq quickly expand networks cost-effectively and align individual innovation with national sustainability goals. As EV sales continue to grow and several hundred thousand electric cars are expected to be sold each year, infrastructure providers will need to keep pace to sustain this trend.
Closing the Infrastructure Gap in India’s EV Story
Statiq’s experience as a startup with a narrow focus and later as one of the most successful EV infrastructure platforms in India underscores the importance of charging networks in the electrification of mobility. The company is making it easier to break down barriers to EV adoption by combining hardware reliability with smart digital offerings and strategic alliances, creating a future in which charging becomes as easy as refuelling a conventional vehicle.
It is not an exaggeration to say that companies like Statiq are not merely building chargers in a nation aiming for sustainability and energy independence, but also laying the groundwork for a greener, electrified future for automobiles. The startup’s vision is straightforward: empower drivers with confidence, assist policymakers with scalable solutions, and accelerate India’s transition to electric mobility, one charge at a time.
At a Glance
- Founded: 2020
- Founders: Akshit Bansal and Raghav Arora
- Headquarters: Gurugram (Gurgaon), Haryana, India
- Total Funding: $45.5 million
- Industry: Electric Vehicle (EV) charging infrastructure industry
FAQs:
Q1. What is Statiq?
Statiq is an Indian EV charging company providing charging stations, digital solutions, and services that make electric vehicle charging more convenient.
Q2. Who founded Statiq?
Akshit Bansal and Raghav Arora founded Statiq in 2020 to build reliable, accessible, and technology-driven electric vehicle charging infrastructure across India.
Q3. How does Statiq help EV users?
Statiq helps EV users locate, reserve, and pay for charging stations through its app, making everyday electric vehicle journeys more convenient.
Q4. What is Statiq’s FOCO model?
Statiq’s FOCO model allows partners to invest in charging infrastructure while Statiq manages operations, maintenance, service quality, and customer experience.
