Zenergize Bags $2 Mn To Boost Production Of EV Fast Chargers

SUMMARY

Zenergize’s seed funding was led by Delhivery cofounder Mohit Tandon and Aspiring Minds founder Himanshu Aggarwal

The startup manufactures AC and DC fast chargers and solar inverters at its Parwanoo facility in Himachal Pradesh, with a 25-member team

The proceeds would also be deployed for workforce expansion in R&D, sales, servicing and production

Electric vehicle charger manufacturer Zenergize has secured $2 Mn (around INR 17 Cr) in a seed funding round led by Delhivery cofounder Mohit Tandon and Aspiring Minds founder Himanshu Aggarwal.

The Gurugram-based startup plans to use the freshly raised capital to accelerate production of ‘Made in India’ EV fast chargers and solar inverters.

Additionally, the proceeds would be deployed for workforce expansion in research and development (R&D), sales, servicing and production.

Founded in March 2025 by IIT Bombay alumni Navneet Daga and Veer Karan Goyal, Zenergize manufactures AC (alternating current) and DC (direct current) fast chargers and solar inverters at its Parwanoo facility in Himachal Pradesh, with a 25-member team.

“We have an aggressive product roadmap and continue to invest in power electronics research and technology,” Goyal said.

“Our cutting-edge technology combined with a robust service and support network will help us build the scale and capacity to expand nationally,” Daga added.

Daga previously worked in senior leadership roles with companies such as agritech startup Superplum and logistics service provider Delhivery. On the other hand, Goyal has worked with UPS systems manufacturer ElectroWaves Electronics as engineer and head of R&D for over seven years.

The startup competes with startups such as Exponent Energy, Statiq, Clean Electric and EMO Energy in the country’s burgeoning electric vehicle market.

The funding round comes at a time when the Centre is planning to ramp up its EV charging infrastructure at airports, highways, railways and ports, with focus on battery-swapping services.

As per reports, INR 2,000 Cr has been allocated for setting up EV charging points and battery-swapping stations under the INR 10,900 Cr PM E-DRIVE scheme.

WIth the government is looking to increase public charging stations from 32,500 to 72,300 by FY26, investors are lining up to back cleantech startups focused on developing charging infrastructure. According to government data, India had 25,202 public EV charging stations, as of December 2024.

Meanwhile, Jio-bp, a joint venture (JV) between Reliance Industries and global energy giant BP, is planning to set up over 30,000 EV charging points in India by 2030.

The homegrown EV space is projected to become a $110.74 Bn market opportunity by 2029, as per an Inc42 data.