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EV charging startup Statiq has raised $18 million in a funding round led by Tenacity Ventures, with backing from Y Combinator, Shell Ventures and RCD Holdings.
It builds and operates EV charging stations and runs an app that helps users find and book nearby chargers.
What’s brewing: Statiq plans to scale up its charging network, especially across Tier I and II cities. It also wants to roll out more DC fast chargers along key highways, making long-distance EV travel smoother and faster. The company is even eyeing pilot projects in the UAE as it explores international expansion.
Today, Statiq’s app connects users not only to its own network but also to other providers like E-Fill, Sunfuel and GLIDA. These are other EV charging operators whose stations are accessible through the Statiq app.
It has partnered with government bodies, automakers and hospitality brands to expand into around 100 cities, installing over 10,000 chargers so far.
