RoadGrid India funding has reached a new milestone, as publicly reported on 2026-08-03, with the deeptech EV charging startup securing ₹13 crore in financial assistance from the Technology Development Board (TDB), operating under the Department of Science and Technology (DST), Government of India. The investment forms part of a broader ₹27.5 crore project to commercialise RoadGrid India’s patented Universal EV Charger through a dedicated domestic manufacturing facility. This announcement marks a significant step for indigenous EV charging infrastructure development in India.
Quick Highlights
- Founders: Deepesh Shrinath, Shashank Narayan, Chandraprakash Akotkar, and Bharat Joshi
- Lead Investor: Technology Development Board (TDB), under the Department of Science and Technology (DST), Government of India
- Investor Background: TDB is a statutory body under DST, Government of India, mandated to provide financial assistance to companies commercialising indigenous technology or adapting imported technology for wider domestic application
- Round: Strategic Investment (Government Grant / Financial Assistance)
- Amount: ₹13 crore
- Total Project Cost: ₹27.5 crore
- Sector: Deeptech / EV Charging
- Announcement Date: 3 August 2026
Funding Breakdown
Use of Funds
The ₹13 crore from TDB will be deployed to establish a manufacturing and assembly facility for RoadGrid India’s patented Universal EV Charger, as part of a ₹27.5 crore project aimed at commercialising the technology and expanding domestic manufacturing of EV charging equipment. The project includes an investment of ₹18 crore towards manufacturing infrastructure. The facility will manufacture and assemble key components such as power electronics, thermal management systems, communication modules, control hardware, and metering systems. Built with 100% localisation, the project aims to reduce dependence on imported EV charging technologies while strengthening India’s domestic manufacturing capabilities.
Funding Timeline
Earlier this year, RoadGrid raised ₹12 crore in a pre-Series A funding round led by Venture Catalysts to support product development, manufacturing expansion, and EV charging infrastructure deployment. The current ₹13 crore strategic investment from TDB now adds government-backed financial assistance to the company’s capital base, as publicly reported.
Expansion Plans
The facility is expected to begin commercial production in March 2027 and will have an annual production capacity of up to 2,000 chargers. RoadGrid expects the new manufacturing facility to generate approximately ₹100 crore in annual revenue at an initial production level of 1,000 chargers. The project will primarily rely on locally sourced components, aligning with India’s domestic manufacturing initiatives, and is expected to generate more than 100 employment opportunities. RoadGrid has stated that it intends to focus on meeting demand in the Indian market as EV charging infrastructure expands.
Significance
RoadGrid India’s patented Universal EV Charger is designed to support multiple vehicle segments — including electric two-wheelers, three-wheelers, passenger vehicles, and commercial EVs — through a single charging platform, offering greater flexibility for fleet operators and charging infrastructure providers. The charger integrates a 140 kW dual DC charging system supporting both CCS2 and Type 6 connectors, along with AC charging capability — a rare level of interoperability for a domestically manufactured product. According to the company, India is expected to require more than 400,000 public EV chargers by 2030, creating significant demand for locally manufactured EV charging infrastructure. TDB’s backing with government grant capital, rather than equity dilution, signals strong institutional confidence in RoadGrid India’s technology and positions the startup at the forefront of India’s push for self-reliant EV charging solutions.
These details have been verified against multiple publicly available reports as of 2026-08-03.
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Disclaimer: This report is compiled from publicly available sources and is for informational purposes only; funding figures are as publicly reported and may be subject to change.
