ChargeZone has developed a digital platform, Battery Passport System to collect information along the battery life cycle to optimise its value
The startup says that real-time battery monitoring will also help push repurposing and recycling of batteries
Founded in 2018 by Hariyani, ChargeZone is a tech-driven EV charging networks startup that provides high-speed charging networks for electric cars, buses, trucks etc.
Inc42 Daily Brief
Stay Ahead With Daily News & Analysis on India’s Tech & Startup Economy
EV charging startup ChargeZone has rolled out a platform that will keep a record of information on batteries in order to optimise their value.
The digital platform, named Battery Passport System, will contain “a comprehensive set of information collected along the battery life cycle.”
The startup said in a statement that the system has been designed to offer transparency throughout the battery life to create a level playing field for all stakeholders in the EV battery ecosystem.
“By providing a Battery-as-a-Service (BaaS) model for large commercial EVs (including buses & trucks), ChargeZone will underwrite the upfront battery costs, offer transparent energy costs for predefined mileage, and ensure reliable performance metrics,” the statement added.
With real-time monitoring of batteries, ChargeZone further claims that it would enable repurposing and recycling of the battery packs.
Founder and CEO of ChargeZone Kartikey Hariyani said that the Battery Passport System will “strategically split EV from Battery cost, ensuring fiscal prudence and viability.”
The platform will further help in data verification, battery storage, sharing, identification and further adhering to legal requirements for EV disintegration into battery and vehicle, said Ravindra Mohan, Group Director at ChargeZone.
Founded in 2018 by Hariyani, ChargeZone is a tech-driven EV charging networks startup that provides high-speed charging networks for electric cars, buses, trucks etc. The Vadodara-based startup specialises in the deeptech space.
In April, ChargeZone secured a $19 Mn (around INR 158 Cr) commitment from the UK government’s development finance institution British International Investment (BII). With the funding, the startup has planned to roll out more than 1500 super charging stations over the next 12 months to reach a portfolio of over 10,000 charging stations by 2027.
At the end of 2023, Macquarie Capital, the principal investment arm of Australia’s Macquarie Group invested (an undisclosed amount) in ChargeZone to help it develop its cloud technology-enabled EV charging network.
Macquarie Capital picked up a minority stake in ChargeZone, it said in a statement.
Note: We at Inc42 take our ethics very seriously. More information about it can be found here.