Suppose you are driving an electric bus or truck on a long highway route and need a fast charger at a fixed point every day. For commercial EVs, this is not an occasional requirement. Charging is part of their daily operation. ChargeZone is now using this regular demand to expand its charging network across India.
The company has secured long-term EV charging contracts worth more than $1 billion, or around ₹10,500 crore. The contracts cover electric buses, trucks and commercial car fleets.
More charging capacity planned
ChargeZone currently has a network capacity of 120 MW. The new stations will add another 180 MW.
| ChargeZone expansion | Details |
|---|---|
| New charging stations | 1,000 |
| New capacity | 180 MW |
| Current capacity | 120 MW |
| Planned total capacity | 300 MW |
| Daily EVs supported | 15,000+ |
| Daily charging sessions | 15,000+ |
| Expected annual energy delivery | 700 GWh |
| Current network utilisation | 14% |
| Expected utilisation | Around 30% |
The company expects its total capacity to reach 300 MW after the expansion. At full deployment, ChargeZone estimates that its network could deliver around 700 GWh of energy every year.
Network utilisation is also expected to improve. The company currently reports utilisation of around 14%, while the expanded network is expected to reach about 30%.
Fleet demand will support the stations
A large part of the new charging network will serve commercial EVs. Electric buses and trucks generally follow fixed routes and need regular charging. This gives ChargeZone a better idea of where charging stations are needed.
The contracts cover:
- Intercity electric buses
- Electric trucks
- Commercial electric cars
- More than 15,000 EVs expected to use the network daily
- High-frequency charging requirements on fixed routes
ChargeZone says this allows it to plan station capacity based on known fleet demand rather than waiting for private EV traffic to increase.
More money for the expansion
ChargeZone has also raised $25 million, around ₹250 crore, in debt financing from Indian banks. The company plans to raise another $100 million during 2026-27. The money will be used across several parts of the business. These include:
- New supercharging stations
- Microgrid infrastructure
- Energy management technology
- Wider network expansion
The company says the long-term contracts provide better visibility into future energy revenue. This can also help it decide where to put new capital.
Solar power and battery storage
Renewable energy will also have a role in the new charging network. ChargeZone plans to use solar power and battery energy storage systems at its charging locations.
These systems can help manage high power demand at charging sites. They can also increase the use of renewable electricity and provide additional support during periods of high demand.
What ChargeZone says
ChargeZone founder and CEO Kartikey Hariyani said the EV charging business is now looking beyond the number of chargers installed. He said the amount of energy sold and how often charging assets are used will also be important as the network grows.
CFO Manish Madhogaria said the long-term contracts give the company clearer visibility over future energy revenue and will help it choose where to invest.
ChargeZone’s current network
ChargeZone currently operates more than 15,000 charging points across over 1,200 locations in India and the UAE.
With 1,000 new stations planned and total capacity expected to reach 300 MW, the company is preparing for a much larger role in India’s electric commercial vehicle network.