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HomeInsightFunding Alert EV startup goEgoNetwork raises $8 mn in Series A round

[Funding alert] EV startup goEgoNetwork raises $8 mn in Series A round

goEgoNetwork, an electric vehicle charging infrastructure solutions provider has raised $8 million in its Series A funding round from various investors.
Team goEgoNetwork

goEgoNetwork, an electric vehicle charging infrastructure solutions provider has raised $8 million in its Series A funding round from various investors.

The startup plans to use the funds to develop and install a fast DC charging station product line and expand its infrastructure in six major Indian metropolitans.

The Pune-based goEgoNetwork was founded in 2019 by Sayantan Chakraborti, Dheeman Kadam and Pravin Kumar, It is a complete e-mobility charging solution, which combines engagement, rewards and adoption through a mix of online and offline channels.

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“The money offers us growth cash to pursue the major aim of having the EV charging infrastructure in place for the consumers who are not buying because of range anxiety. The EV sector is developing fast. By having charging stations with 100% uptime and ensuring you stay charged, it allows us to maintain our position as the preferred network for EV customers”, said, Sayantan Chakraborti, managing director and co-founder of goEgoNetwork.

The startup aims to reach the target of 8,500 charging stations across India with 15,000 paying members on the network in a short span of time. It boasts of a robust product range that includes both AC and DC charging stations starting from 1.1 kW AC and going up to 60 kW DC. It also has over 1,000 charging points in over 55 cities across 15 states in the country.

Speaking about the future plans after the fundraising,  Dheeman Kadam, Co-Founder of goEgoNetwork said, “The funding is a big boost to India’s EV ecosystem. It is a step close to goEgoNetwork’s ambitious goal of having set up a hundred thousand Made in India charging stations by 2027. Out of the 9 million electric vehicles supposed to be on roads by 2027-28, we want to see a million EV owners as members of the goEgoNetwork,”

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Pravin Kumar, Co-founder, goEgoNetwork, said, “The funding accelerates our pace in achieving the numbers of our business plan and execute our vision of enabling two million EV users charging seamlessly across our network.”

About goEgoNetwork

goEgo is a complete E Mobility charging solution, that combines engagement, rewards & adoption through a mix of online and offline channels. From providing the right charger to building a robust network of chargers, they aim towards keeping  EV charged up while  shop, eat, work or relax. With their convenient charging options, they are celebrating a greener world and of course advocating it by owing an EV.

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