Start-up ElectiVa wins contract for electric vehicle charging stations in Delhi

  • The contract targets key locations in the city such as Green Park, Hauz Khas, Saket, defence colony, South Ex, Lajpat Nagar, RK Puram and Vasant Vihar among other commercial areas

Swati Luthra
Published13 Jan 2022, 07:20 PM IST
India currently has less than 1,500 charging stations of which 30% are in Delhi.
India currently has less than 1,500 charging stations of which 30% are in Delhi.

Delhi-based start-up ElectiVa has won a contract for installing and operating 100 electric vehicle charging stations in the state.  

The contract, awarded by the local urban bodies, targets key locations in the city such as Green Park, Hauz Khas, Saket, defence colony, South Ex, Lajpat Nagar, RK Puram and Vasant Vihar among other commercial areas, the company said in a statement. The start-up’s founder Sumit Dhanuka said that over the next four years, he is planning to install over 50,000 electric vehicle charging stations across the country.  

India currently has less than 1500 charging stations of which 30% are in Delhi. The country needs 400,000 charging stations by 2026 to meet its goal, according to a report from industry chamber FICCI.  

ElectriVa is currently in conversation with a few venture capitalists and investors to raise around  $ one million to fuel the company's expansion and reach the target of over 2000 EV charging stations by the end of 2022.  

Dhanuka, a clean energy entrepreneur, said he is planning to raise funds for the organization to achieve their growth targets and government’s vision of moving towards clean mobility.

 

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.MoreLess
First Published:13 Jan 2022, 07:20 PM IST
HomeCompaniesStart-upsStart-up ElectiVa wins contract for electric vehicle charging stations in Delhi

Most Active Stocks

Tata Steel

157.75
03:43 PM | 19 JUL 2024
-8.6 (-5.17%)

Tata Power

414.15
03:59 PM | 19 JUL 2024
-15.85 (-3.69%)

Bharat Electronics

306.30
03:45 PM | 19 JUL 2024
-7.2 (-2.3%)

Zee Entertainment Enterprises

137.55
03:57 PM | 19 JUL 2024
-4.9 (-3.44%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Tata Teleservices Maharashtra

102.11
03:59 PM | 19 JUL 2024
4.68 (4.8%)

Rail Vikas Nigam

614.00
03:59 PM | 19 JUL 2024
27.65 (4.72%)

Jubilant Pharmova

752.25
03:43 PM | 19 JUL 2024
25.3 (3.48%)

One 97 Communications

458.70
03:55 PM | 19 JUL 2024
13.65 (3.07%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    76,272.001,173.00
    Chennai
    76,124.001,465.00
    Delhi
    75,533.001,021.00
    Kolkata
    75,089.00-450.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.76/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsCibilPremiumBudget