{"id":73686,"date":"2026-09-10T18:09:49","date_gmt":"2026-09-10T12:39:49","guid":{"rendered":"https:\/\/businesspoint.co.in\/index.php\/2026\/09\/10\/in-an-industry-first-chargezone-secures-usd-1-billion-energy-contracts-for-ev-charging-across-intercity-electric-buses-trucks-fleets\/"},"modified":"2026-09-10T18:09:49","modified_gmt":"2026-09-10T12:39:49","slug":"in-an-industry-first-chargezone-secures-usd-1-billion-energy-contracts-for-ev-charging-across-intercity-electric-buses-trucks-fleets","status":"publish","type":"post","link":"https:\/\/businesspoint.co.in\/index.php\/2026\/09\/10\/in-an-industry-first-chargezone-secures-usd-1-billion-energy-contracts-for-ev-charging-across-intercity-electric-buses-trucks-fleets\/","title":{"rendered":"In an industry first, CHARGEZONE Secures USD 1 Billion Energy Contracts For EV Charging across Intercity Electric Buses & Trucks Fleets"},"content":{"rendered":"
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Long-term fleet commitments across electric buses, trucks and cars to underpin 1000 new supercharging stations.<\/em><\/p>\n

Vadodara<\/strong> (Gujarat) [India], September 10:<\/strong> CHARGEZONE<\/a>, one of India\u2019s fastest-growing EV supercharging networks, today announced that it has secured long-term energy contracts for EV charging with a cumulative value of more than USD 1 billion (approx INR 10,500 crore)\u00a0across intercity electric buses, trucks and commercial car fleets. The contracted demand will underpin the next phase of CHARGEZONE\u2019s supercharging expansion, with the company planning to deploy 1000 new stations across the key national highway corridors.<\/p>\n

Across these contracted fleets, CHARGEZONE expects the new EV charging stations to support more than 15,000 EVs\u00a0on a daily basis. Their predictable routes, higher charging frequency and recurring energy requirements across these segments give the company greater visibility into where and how much charging capacity will be required before infrastructure is deployed.<\/p>\n

Kartikey Hariyani, Founder & CEO, CHARGEZONE<\/strong>, said, \u201cIndia\u2019s EV charging market is entering a phase where scale will be measured not only by how many chargers are deployed, but by how much energy is delivered and sold through them and how consistently those assets are utilised. With long-term demand contracted across buses, trucks and fleets, we can build new capacity against visible energy consumption rather than wait for demand to emerge after deployment. That improves the economics of every station and creates a stronger foundation for bringing long-term capital into charging infrastructure at scale.<\/em>\u201d<\/p>\n

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\"CHARGEZONE<\/figure>\n<\/div>\n

Manish Madhogaria, Chief Financial Officer, CHARGEZONE,<\/strong>\u00a0said,\u00a0\u201cEV charging is a capital-intensive infrastructure business, so the quality and visibility of demand behind every asset becomes critical as the network scales. These long-term contracts give us greater visibility into future energy revenues and allo<\/em>w us to deploy capital more selectively against infrastructure with a clearer demand profile. As we raise the next pool of capital, our focus will be on building the right mix of debt and equity to fund this expansion while maintaining capital discipline.\u201d<\/em><\/p>\n

To support this expansion, CHARGEZONE <\/a><\/strong>has additionally secured USD 25 million (INR 250 crore) through Indian banks in debt financing and plans to raise an additional USD 100 million during 2026-2027. The capital will be deployed towards new supercharging stations, micro-grid infrastructure, energy-management technology and the broader expansion of the network. The long-term fleet contracts provide greater visibility on future energy demand and utilisation, strengthening the investment case for new charging assets.<\/p>\n

The expansion will add 180 MW of charging capacity taking CHARGEZONE\u2019s cumulative network capacity from the current 120 MW to 300 MW. At full deployment, the company expects to deliver approximately 700 GWh of energy annually, support more than 15000 charging sessions per day, and operate at an average network utilisation of approximately 30%, up from CHARGEZONE\u2019s current utilisation of 14%.<\/p>\n

Unlike network expansion based primarily on projected EV traffic, CHARGEZONE\u2019s next phase of deployment is being anchored in long-term fleet demand. Commercial fleets such as buses and trucks operate on more predictable routes and consume significantly more energy per vehicle, giving CHARGEZONE clearer visibility into expected throughput at a station before capital is deployed. This demand-backed approach is designed to improve utilisation and strengthen the economics of each new charging asset.<\/p>\n

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\"CHARGEZONE<\/figure>\n<\/div>\n

As part of the expansion, CHARGEZONE continues to integrate renewable energy sources, including solar power generation and battery energy storage systems (BESS), across its high-speed charging infrastructure to increase the share of renewable energy used for charging, manage peak power requirements and strengthen site-level energy resilience.<\/p>\n

About CHARGEZONE<\/strong><\/h3>\n

CHARGEZONE is India\u2019s largest and most reliable public EV charging network, supporting the transition to electric mobility across passenger and commercial vehicle segments. With over 15,000 charging points across 1,200+ locations in India and the UAE. The company partners with leading automotive OEMs including Tata.ev, Hyundai, Volvo, Mercedes-Benz, BMW, and VinFast to deliver seamless, reliable charging infrastructure for India\u2019s growing EV ecosystem.<\/p>\n

CHARGEZONE\u2019s technology platform, including ChargeCloud and AutoCharge, powers real-time network management, interoperable charging, and a frictionless user experience across its nationwide network.<\/p>\n

For more info:\u00a0www.chargezone.co.in<\/u><\/a><\/strong><\/p>\n

Media Contact
<\/strong>Pulkit Singh
pulkit.singh@chargezone.co.in<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Long-term fleet commitments across electric buses, trucks and cars to […]<\/p>\n","protected":false},"author":2,"featured_media":73687,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[2],"class_list":["post-73686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/73686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=73686"}],"version-history":[{"count":0,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/posts\/73686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media\/73687"}],"wp:attachment":[{"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=73686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=73686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesspoint.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=73686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}