In a strong push for India’s electric mobility transition, EV charging infrastructure startup RoadGrid has secured ₹12 crore in a Pre-Series A funding round led by Inflection Point Ventures (IPV). The round drew participation from a distinguished group of strategic and angel investors, including Venture Catalysts, Kamal Puri of Skyline Group, FAAD Network, LetsVenture, Vrinda Goyal of Pace Group, Haresh Patel of Arthanomics, and Maneesh Shrivastav of Alpha Value. The investment underscores growing confidence in RoadGrid’s ambition to build one of India’s largest and most inclusive EV charging networks.
India’s electric vehicle market is expanding rapidly, but the charging infrastructure remains far behind the demand curve. While the country is projected to need nearly 30 lakh charging stations by 2030, the current count stands at barely 8,000. RoadGrid aims to bridge this gap through a two-pronged approach that covers both EV charger manufacturing for OEMs and development of public and commercial charging stations. This combination positions the company uniquely in an industry that increasingly requires integrated solutions rather than fragmented deployments.
RoadGrid’s model blends direct charger sales with its Charging-as-a-Service (CaaS) offering, under which the company sets up, operates, and maintains EV charging stations for partners. The company already operates 76 chargers in Indore and 250 in Navi Mumbai, while also collaborating with major utilities such as BSES, NPCL, and Navi Mumbai Transport. With a confirmed pipeline of more than 1,000 chargers and 1,000+ OEM orders, RoadGrid is gearing up for large-scale deployment across India. It has completed over 100 installations in states including Madhya Pradesh, Rajasthan, and Karnataka, powering clients like IOCL, Amazon, BSES, and NPCL, and expanding across cities such as Lucknow, Hyderabad, and Bengaluru.
Strategic partnerships have played a crucial role in RoadGrid’s expansion. The company has teamed up with Vgreen, the EV charging division of VinFast, to install EV charging networks at HPCL retail outlets. Additionally, as a technology partner, RoadGrid is supporting the after-sales EV charging network for VinFast in India. These collaborations place the startup at the forefront of an EV infrastructure market that is currently valued at ₹5,000 crore and expected to grow tenfold to ₹50,000 crore within the next six years.
Much of RoadGrid’s momentum stems from its experienced leadership team. Deepesh Shrinath (Founder & CEO) brings over a decade of engineering and managerial expertise from his work at Emerson and Eaton. Shashank Narayan (CTO) has spent more than 10 years in EV charging and renewable energy, having worked with Delta Electronics and HARTING, and authored an EV charger handbook published by NITI Aayog. Chandraprakash Akotkar (COO) contributes deep experience in electrical design and infrastructure execution, while Bharat Joshi (CMO) adds three decades of knowledge in advertising infrastructure and global sports representation.
Investors believe RoadGrid is addressing one of the most pressing bottlenecks in India’s clean mobility mission. Mitesh Shah, Co-founder of Inflection Point Ventures, highlighted the criticality of infrastructure, noting that RoadGrid’s ability to combine manufacturing with on-ground execution gives it a strong competitive advantage. Meanwhile, Deepesh Shrinath, Founder & CEO of RoadGrid, reiterated the company’s commitment to building reliable, accessible, and future-ready charging infrastructure that can support India’s EV adoption at scale.
As India accelerates towards a greener transport ecosystem, RoadGrid’s integrated approach, strategic partnerships, and expanding operational footprint position it as a key enabler of the country’s EV future. The latest funding round is not just a financial milestone but a step closer to creating a nationwide charging backbone that India urgently needs.
By: Shivani Solanki
