A new venture situated in Delhi, ElectriVa has been awarded a contract for the installation and operation of 100 electric car charging stations across the state.
The contract, which was given by the city’s municipal authorities, will target important commercial districts around the city, including Green Park, Hauz Khas, Saket, the defence colony, South Ex, Lajpat Nagar, RK Puram, and Vasant Vihar, according to a statement from the firm.
Sumit Dhanuka, the ElectriVa’s founder, has said that he intends to deploy more than 50,000 electric car charging stations around the nation over the next four years.
India presently has fewer than 1500 charging stations, with 30% of them located in the capital city of Delhi. According to a research by the industry organization FICCI, the nation would need 400,000 charging stations by 2026 in order to achieve its target.
ElectriVa is also in discussions with a small number of venture capitalists and investors about raising around $1 million to fuel the company’s development and help it realize its goal of having over 2000 EV charging stations by the end of 2022.
The firm intends to seek funding in order to meet its growth objectives as well as the government’s ambition of transitioning to clean transportation.
Reference- Live Mint, Economic Times, Electriva website & PR