RoadGrid has raised financial assistance of ₹13 crore from the Technology Development Board under the Department of Science and Technology. The financial support is provided towards a gross project cost estimated at ₹27.5 crore for setting up a dedicated manufacturing and assembly plant for the company’s patented Universal EV Charger. The strategic support reflects the increasing institutional drive to build their own manufacturing potential in the constantly developing electric mobility landscape in the country.

Multi-vehicle support capabilities and operational control

The investment will allow RoadGrid to build a high-tech campus dedicated to commercializing its proprietary EV charging infrastructure. The next manufacturing facility will have a capacity of 2,000 chargers per year and will enter commercial production officially in March 2027. 

The manufacturing effort marks a critical advance in RoadGrid’s ability to move into indigenous manufacturing, directly addressing the growing market need for reliable charging hardware in both enterprise and consumer markets. RoadGrid, established in 2020, concentrates on designing end-to-end EV charging equipment, smart software platforms, and power management solutions. 

The centrepiece of the startup’s portfolio is its patented Universal EV Charger, which is engineered specifically for interoperability. It works with electric 2-wheelers, 3-wheelers, electric passenger vehicles, and electric commercial vehicles with a single, common charging infrastructure. The multi-vehicle capability addresses a key challenge in the charging network where different vehicle types typically require different hardware configurations.

The new facility will be responsible for the entire production and assembly of several key components, providing end-to-end operational control and localized manufacturing. The plant will be used to manufacture power electronics, thermal management solutions, communication modules, control hardware and metering systems, the brand says. The whole project has been built using locally manufactured components to minimize the dependence on imported assemblies, while generating more than 100 new technical and operational jobs in the country.

Financial assistance and enterprise partnerships

RoadGrid had built a solid operational ground in the domestic charging market before getting back into the hands of the Technology Development Board. The startup currently employs more than 40 people and has deployed more than 100 EV chargers across the country and maintains over 200 active charging stations. The experience and capabilities gained by these early expansions have helped the company identify the performance metrics needed for its design of the high-throughput manufacturing routes for its new facility.

On the commercial side, RoadGrid is directly connected to 6 main enterprise clients. The company has also signed strategic collaborations with key market players in the automotive manufacturing and energy distribution segments such as VinFast, HPCL, and IOCL. Such enterprise partnerships will prove crucial in scaling up the deployment of RoadGrid’s charging hardware in public charging hubs, fleet charging stations, and petrol pump networks across India.

The financial support from the Technology Development Board has followed prior institutional support received by the firm at the beginning of the year. RoadGrid had previously received funding of ₹12 crore in the pre-Series A round led by Venture Catalys. 

That private funding was then used for continued product development, initial manufacturing facilities, and deployment of public charging infrastructure in target cities. The establishment of the dedicated facility is set to transform the company’s financial profile. 

RoadGrid anticipates that the new manufacturing facility will bring about ₹100 crore of annual revenue at an initial production level of 1,000 chargers. The company expects to start commercializing in March 2027, aiming to generate sustainable financial returns and contribute to the larger infrastructure goal of the EV transition.

Conclusion

RoadGrid’s ₹13 crore support from the Technology Development Board underscores the importance of government-backed institutions in driving green technology manufacturing. RoadGrid, with the investment of ₹27.5 crore, is developing a strong gas station manufacturing program for its patented Universal EV Charging system, which will rely on partnerships with major fronts like VinFast, HPCL, and IOCL.

With its emphasis on establishing localized supply chains, job creation, and multi-vehicle charging architecture, the firm is well positioned to contribute to the adoption of EVs in India, as it will reach the production timeline in March 2027.