Statiq Teams Up with Vertelo to Boost Charging Infrastructure

11 Dec 2024 CW Team

EV charging network operator Statiq has formed a partnership with e-mobility solutions provider Vertelo to enhance the country's charging infrastructure. As part of the collaboration, Statiq will provide turnkey solutions, which include supplying EV chargers and handling the complete execution of engineering, procurement, and construction (EPC) services for installing and commissioning the chargers. The two companies will also co-develop EV charging sites, further reinforcing India's EV infrastructure.

Akshit Bansal, the founder and CEO of Statiq, mentioned that aligning with Vertelo would allow them to expand their reach and offer better service to their users. He added that by combining their technology and infrastructure expertise with Vertelo's financing solutions, they are paving the way for a more sustainable and greener future.

Statiq, which currently operates over 7,000 chargers across 65 cities, plans to expand to 20,000 chargers by 2025. The company stated that this partnership with Vertelo is a significant part of its growth strategy.

Sandeep Gambhir, the CEO of Vertelo, stated that their focus is on making the transition to electric vehicles easier for everyone. He further explained that by partnering with Statiq, they are ensuring the necessary charging infrastructure is in place to support this transition.

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