Statiq EV Charging Network Raises $18 Million to Scale Infrastructure Globally

The Statiq EV charging network has secured approximately $18 million in a blended equity and debt round to accelerate expansion across India and international markets. Announced in New Delhi on February 19, 2026, the funding round was led by Tenacity Ventures, with participation from Y Combinator, Shell Ventures, and RCD Holdings. The investment strengthens the company?s position in EV charging infrastructure while supporting large-scale deployment of fast-charging solutions nationwide.

Funding to Accelerate Statiq EV Charging Network Expansion

Founded in 2020 by Akshit Bansal and Raghav Arora, the Statiq EV charging network has grown into one of India?s largest charging ecosystems. The company operates more than 10,000 AC and DC chargers across over 100 cities. The newly raised capital will primarily support the installation of additional DC fast chargers along high-traffic highways and urban corridors.

In addition to expanding its physical footprint, the company plans to upgrade its systems to achieve 99.9% uptime. Improving reliability is central to strengthening customer trust and enabling wider EV adoption. The investment also supports hardware lifecycle management enhancements and advanced telematics platform capabilities designed for scalable operations.

Proprietary Hardware and Software Integration

The Statiq EV charging network differentiates itself through vertically integrated technology. The company designs and manufactures its own AC and DC fast chargers, pairing them with in-house software, network management systems, and telematics tools. This integrated approach allows tighter performance control and faster innovation cycles.

Scaling with Advanced Telematics and Lifecycle Management

With fresh capital, the company plans to harden its full-stack architecture to meet international performance benchmarks. Upgrades will focus on predictive maintenance, lifecycle optimization, and improved energy management. These measures aim to ensure consistent charger performance across varied climates and usage conditions.

FOCO Model Driving Distributed Growth

A key component of the company?s expansion strategy is its FOCO model, or Franchise-Owned, Company-Operated framework. Under this structure, partners invest in charging hardware while the Statiq EV charging network manages operations, maintenance, and software integration. This model enables faster rollout without heavy capital expenditure on asset ownership.

The programme launched its first station with SS Group in Gurgaon in January 2026, marking an early milestone in distributed infrastructure growth. By leveraging partner capital and centralized operational control, the company aims to scale efficiently across high-demand regions.

International Market Entry and Aggregation Strategy

Beyond domestic growth, the Statiq EV charging network is preparing for international expansion. Pilot deployments are already underway in the UAE, serving as a foundation for broader global entry. Exporting proprietary hardware and software solutions forms a major part of this roadmap.

Integrated Access Across Multiple Networks

The company?s mobile application aggregates charging access not only from its own chargers but also from third-party networks such as E-Fill, Sunfuel, and GLIDA. This interoperability strengthens user convenience and enhances utilization rates across EV charging infrastructure assets.

Targeting 20,000 Charging Points by 2026

Looking ahead, the Statiq EV charging network has set an ambitious target of installing 20,000 charging points across India by 2026. Existing partnerships with government bodies, automakers, and hospitality providers further support this scale-up. With strategic investment, expanded DC fast chargers deployment, and strengthened telematics platform capabilities, the company aims to transition from national leader to global contender in the EV charging infrastructure sector.

The latest funding round positions the company to accelerate deployment, improve uptime reliability, and expand internationally while reinforcing its role in powering the energy transition.