RoadGrid lands US$1.77M government grant for EV charger factory

What's the deal? RoadGridDealroom has a profile for this one. Try Dealroom → has secured US$1.77M (roughly $1.4 million) from India's Technology Development BoardDealroom has a profile for this one. Try Dealroom → to build a manufacturing facility for its patented Universal EV Charger. The grant, awarded under the Department of Science and TechnologyDealroom has a profile for this one. Try Dealroom →, backs a US$3.73M project set to produce 2,000 chargers a year.

What's the endgame? Founded in 2020, RoadGrid develops EV charging hardware, software, and energy management tools. Its patented charger supports electric two-wheelers, three-wheelers, passenger vehicles, and commercial EVs through a single platform.

Why now? The company said the project will strengthen indigenous EV charging technology and cut dependence on imports. Commercial production is expected to begin in March 2027, creating more than 100 direct jobs.

By the numbers: RoadGrid has deployed over 100 EV chargers and manages more than 200 charging points. Its partners include VinFastDealroom has a profile for this one. Try Dealroom →, HPCLDealroom has a profile for this one. Try Dealroom →, and IOCL. Earlier this year, it raised US$1.63M in a pre-Series A round led by Venture CatalystsDealroom has a profile for this one. Try Dealroom →.

The signal: The grant sits above the 90th percentile among all-time grant rounds in India, a sign of state appetite for domestic EV infrastructure. As the country pushes to localise charging manufacturing, RoadGrid's award reflects where public money is flowing.

Read more: moneycontrol.com

Image credit: jurvetson