: For Rs 11/Unit, You Can Charge your EV at These 600+ Stations Found on an App #IndiaNEWS #Electric Vehicles With over 600 charging stations spread across more than 40 cities, the Delhi-NCR-based ‘tech-first

For Rs 11/Unit, You Can Charge your EV at These 600+ Stations Found on an App #IndiaNEWS #Electric Vehicles
With over 600 charging stations spread across more than 40 cities, the Delhi-NCR-based ‘tech-first startup’ Statiq is rising to the challenge of fulfilling the infrastructural needs of India’s growing electric vehicle (EV) market. Building one of India’s smartest EV charging networks with a total operating inventory of 6,400 chargers backed by an app, the startup aims to provide end-to-end service for landowners, EV users and vehicle manufacturers (OEMs).
(Above image of Akshit Bansal and Raghav Arora on the left and a Statiq EV charger on the right)
Founded in 2019 by Akshit Bansal and Raghav Arora, Statiq provides two kinds of charging: slow and fast, and in two formats — pillar (ground-mounted charging point for EVs) and circle (wall-mounted charging point). Their services also extend from two and three to four-wheelers, so that they become the one-stop-charging station for all EVs.
“Our vision is to make sustainable transport possible in India. We have started with building EV charging stations given the issues surrounding the domestic charging infrastructure. We want our EV chargers to be accessible either at your home, office, between the two destinations (intra-city) or inter-city along highways. In addition to accessibility, we want our chargers to be reliable given how many are broken or face other issues like the lack of stable internet connectivity. Another key thing we are bringing with our EV chargers is affordability. These are the three values Statiq is working on,??? says Akshit, speaking to The Better India.
Raghav, a data scientist and machine learning expert and Akshit, an electrical engineer by trade, claim that none of the components used in building their EV chargers are imported. On the contrary, most EV chargers in India, they argue, are either imported from European markets or China.
Akshit notes that their commercial EV chargers are 40% cheaper than our competitors in India. “For example, a 60kW DC charger (fast charger) in the Indian market costs about Rs 10-10. 5 lakh, whereas our commercial 60kW DC chargers cost around Rs 7. 5 lakh because components like controllers are made in-house and materials for it sourced locally,??? he claims.
“As a result, the payback period (the amount of time it takes to recover the cost of investment) for our consumers is very less and return on investment is higher compared to conventional chargers. All Statiq EV chargers are connected to an in-house charging station management system giving us and our users information in real-time whether a given charger is available or broken, in use, and issues alarms for other concerns. We are empowered with information that a lot of other charge point operators do not possess,??? claims Raghav.

Stock Market NEWS Best intraday tips Intraday Stocks below 100