Indore-based electric vehicle (EV) charging infrastructure company ROADGRID has raised ₹120 million (~$1.44 million) in a Pre-Series A funding round led by Venture Catalysts.

The round also saw participation from a mix of strategic and angel investors, including the Skyline Group of Companies, IPV, FAAD Network, Let’s Venture, Pace Group, Arthanomics, and Alpha Value.

ROADGRID has raised a total of $1.33 million in funding, including the latest Pre-Series A round.

The funding will be used to scale the deployment of universal EV chargers across different vehicle segments, expand public and commercial charging networks, and strengthen its technology platform.

The company’s technology stack includes user-centric mobile applications and backend systems to manage charging operations efficiently and improve the user experience. Its infrastructure solutions are designed to integrate smart charging capabilities, enabling data-driven monitoring, usage management, and scalability.

EV sales in India reached a record 2.27 million units in 2025, an over 16% year-over-year increase from 1.95 million units sold in 2025. Electric two-wheelers accounted for nearly 56% (1.28 million) of total EVs sold. Electric three-wheelers constituted 35% (796,658) of all EVs sold during the year. Electric four-wheelers accounted for 7.5% of total sales, or 170,266 units. The year also saw the sale of 4,395 electric buses.

Maharashtra had the highest number of EVs sold, with 266,524 vehicles, followed by Karnataka with 203,288 and Madhya Pradesh with 139,537. India now has over 8.1 million registered EVs. The EV market consistently surpassed the 100,000-unit mark each month, with October recording the highest sales at 236,629 units.

In October last year, the Ministry of Heavy Industries notified operational guidelines for deploying EV public charging stations under the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) program.

Last July, the Ministry of Heavy Industries amended the Phased Manufacturing Program for the EV public charging stations component of the PM E-DRIVE program.