Greenie Power raises USD 600,000 in seed funding to revolutionise EV charging throughout India, ETCFO
Greenie Power, an modern EV charging know-how start-up, has efficiently raised USD 600,000 (over Rs 5 crore) in seed funding from a gaggle of marque buyers. The funding spherical was led by Rajesh Advani, Managing Director of Solar-N-Sand Motels and included contributions from AIC Pinnacle Entrepreneurship Discussion board, Ashwin Ramesh (Co-Founder, Major Advisors) and Rajaram Ajgaonkar (R M Ajgaonkar and Associates, Chartered Accountants).The funds will speed up Greenie Power’s mission to deploy 5,000+ EV charging factors by the tip of 2025 and drive the event of recent, scalable merchandise tailor-made to India’s rising EV market.
Greenie Power affords cost-effective, handy EV charging options designed for mass-scale deployment in numerous settings, together with present and under-construction housing societies, industrial buildings, and public parking areas. Their flagship product is a cutting-edge {hardware} resolution able to reworking an ordinary electrical socket into a sensible EV charging level, managed seamlessly via the Greenie Power cell utility.
“I am thrilled to announce that Greenie Power has already put in 550+ charging factors at 120+ places throughout six Indian cities, in collaboration with housing societies, actual property builders, and resort chains,” mentioned Istayak Ansari, Director & Co-Founding father of Greenie Power. “This funding will assist us scale up operations to satisfy our aim of 5,000+ charging factors by finish of 2025 and develop modern, in-house merchandise to help the EV revolution in India.”
As India strikes in the direction of a extra sustainable future, Greenie Power is well-positioned to be a key enabler of EV adoption, providing dependable and accessible charging infrastructure to satisfy the nation’s rising demand.
