Statiq has announced a fresh capital infusion of approximately $18 million through a blended equity and debt funding round. The investment was led by Tenacity Ventures, with participation from Y Combinator, Shell Ventures, and RCD Holdings.
Funding to Accelerate Network Expansion
Founded in 2020, Statiq aims to use the newly raised capital to:
- Expand its EV charging footprint across Tier-1 and Tier-2 cities
- Increase deployment of DC fast chargers along highways
- Explore international hardware exports
Highway fast-charging infrastructure is critical to supporting long-distance EV travel and boosting consumer confidence in electric mobility adoption.
Blended Capital Model for Infrastructure Growth
The mix of equity and debt funding reflects the capital-intensive nature of EV charging infrastructure development. Such financing structures allow charging network operators to scale assets while maintaining financial flexibility.
With increasing EV penetration in India, charging network expansion remains central to enabling sustainable and scalable electric mobility growth.
