# ChargeZone

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chargezone

- Industry: Energy Storage & Batteries
- Headquarters: Vadodara, India
- Website: www.chargezone.com
- Total disclosed funding: $46M
- Latest round: Series A (Mar 20, 2023)
- Investors on record: 1

## About

ChargeZone, based in India, provides innovative e-mobility solutions that integrate electric vehicles with a comprehensive charging infrastructure, catering to the logistics and transportation sector.ChargeZone, also known as Tecso Charge Zone (P) Ltd., was founded in 2018 in Vadodara, India. The company focuses on electric vehicle solutions and has not undergone significant strategic pivots. Founded by Kartikey Hariyani and Pavan Bakeri, ChargeZone has successfully completed 13 deals. The latest round of funding, amounting to USD 19.00 mn, was raised from British International Investment in April 2024, bringing the total amount raised to USD 19.00 mn.ChargeZone specializes in providing comprehensive e-mobility solutions that integrate electric vehicles with a robust network of charging infrastructure. Their core offerings include electric trucks designed for long-haul logistics and heavy payload capacities, complemented by strategically deployed high-speed charging stations that minimize downtime for fleets. The company leverages an advanced AI tech stack to enhance vehicle performance and operational efficiency while enabling real-time route optimization. Their services target businesses in the logistics and transportation sectors aiming to reduce emissions and operational costs, with a focus on urban and inter-city routes in key U.S. markets.In 2023, ChargeZone reported a revenue of USD 5,847,569 and an EBITDA of USD -122,399. The company operates on a subscription-based revenue model, allowing businesses to transition to electric logistics with minimal upfront capital. Clients pay a flat monthly fee alongside a per-mile charge, making the solution appealing to logistics providers managing various fleet sizes. Through partnerships with fleet operators and vehicle and battery OEMs, ChargeZone delivers tailored solutions and revenue is generated through structured transactions that emphasize sustainable and scalable e-mobility solutions.In April 2024, ChargeZone raised USD 19.00 mn in venture funding from British International Investment, which will be utilized to expand its network. The company is focused on launching new products and services that enhance its e-mobility offerings, although specific product release dates have not been disclosed. ChargeZone plans to broaden its market reach into additional geographic regions, aiming to solidify its presence in emerging logistics hubs by the end of 2024.

## Funding rounds

- Series A, Mar 20, 2023, $46M — BlueOrchard Finance

## Investors

- BlueOrchard Finance (https://capitalatlas.ai/funds/blueorchard-finance) — Series A