RoadGrid has received ₹13 crore from the Technology Development Board to build a ₹27.5 crore manufacturing plant for its patented EV chargers. The new facility aims to produce 2,000 chargers annually, with production set to start by March 2027. This move supports local manufacturing of clean energy infrastructure and reduces reliance on foreign imports.
RoadGrid has secured ₹13 crore in funding from the Technology Development Board, a government body under the Department of Science and Technology. This capital will support the company’s ₹27.5 crore project to establish a domestic manufacturing unit for its patented Universal EV Charger. The balance of the project cost is expected to be funded through the company's internal resources and previous investments.
The new facility is planned to produce 2,000 EV charging units per year. By moving toward end-to-end local production, RoadGrid intends to build its own power electronics and thermal management systems domestically. The project is expected to become operational by March 2027 and is projected to create over 100 jobs.
Strategic Importance in EV Infrastructure
RoadGrid’s technology is designed to handle 140 kW dual DC fast charging. Its ability to support multiple connector types, such as CCS2 and Type 6, aims to simplify the charging process for fleet operators and individual vehicle owners. For investors, the ability to manufacture such systems in India is a shift from the common industry practice of importing charging components from overseas, which can be affected by currency fluctuations and global supply chain disruptions.
Founded in 2020, RoadGrid has focused on building its footprint with over 100 chargers installed and 200 points currently under management. Its existing partnerships with major state-owned energy firms like HPCL and IOCL provide a base for potential future demand. The company previously raised ₹12 crore in a pre-Series A round, which helped in its early-stage deployment across cities including Indore, Mumbai, and Kolkata.
Monitoring Project Execution and Market Demand
The financial success of this expansion will depend on the company’s ability to execute its construction timeline and achieve its production targets by the 2027 deadline. Investors should monitor how effectively the company can scale its operations while managing the costs associated with establishing the new facility. Because the EV charging sector in India is becoming increasingly competitive with both domestic players and international technology firms entering the space, the ability to maintain competitive pricing and high product reliability will be important to track.
The next steps for the company include the construction phase and the eventual commissioning of the facility. Stakeholders will likely look for updates on order book growth from commercial partners, as the demand for fast-charging infrastructure continues to track the adoption rate of electric vehicles in the Indian market.