In one of the notable funding developments this week, EV charging startup Statiq has raised $18 million (approximately ₹163.2 crore) in a mix of equity and debt, led by Tenacity Ventures with participation from Y Combinator, Shell Ventures, and RCD Holdings. The latest D2C funding news signals strong investor confidence in India’s rapidly expanding electric mobility and infrastructure ecosystem.
Previously, the company had raised $25.7 million in its Series A funding round in mid-2022 led by Shell Ventures, making this round another significant milestone in India’s startup funding landscape. As part of the broader Indian D2C updates and startup funding India narrative, this deal highlights how infrastructure-led, tech-enabled platforms are attracting sustained private equity in D2C-adjacent and mobility categories.
Founded in 2020 by Akshit Bansal and Raghav Arora, Statiq builds and operates EV charging infrastructure while also running a consumer-facing app that allows users to locate and book charging stations. While not a conventional Direct-to-consumer India brand, Statiq’s app-led consumer model aligns with evolving D2C business India frameworks, where digital platforms directly serve end users while controlling critical infrastructure.
The proceeds from this D2C funding round will be allocated toward scaling charging infrastructure across Tier I and Tier II cities, improving hardware lifecycle capabilities, and advancing telematics solutions. The company aims to double its installed chargers by the end of 2026, reinforcing D2C expansion plans and long-term scalability. Currently, Statiq operates in about 100 cities with over 10,000 chargers installed, reflecting strong D2C revenue growth momentum in the EV infrastructure segment.
Statiq’s business model combines hardware and software, with chargers and related infrastructure contributing the majority of revenue. It also offers financing for EV charging stations in partnership with the State Bank of India, accelerating infrastructure expansion. This integrated D2C business model India approach—blending technology, hardware, financing, and consumer app engagement—positions Statiq among the fastest-growing D2C brands India in mobility infrastructure.
Through its app, users can access Statiq’s network and partner networks such as E-Fill, Sunfuel, and GLIDA, further strengthening its omnichannel D2C strategy. Collaborations with government bodies, automakers, and hospitality companies have helped expand coverage nationwide, reflecting strong D2C market trends 2025 in sustainable mobility.
Within the competitive EV charging infrastructure sector, Statiq faces competition from Charge Zone, ElectricPe, Bolt.Earth, and IPEC. However, continued VC-backed D2C brands funding support and investor insights indicate that scale, distribution partnerships, and technology integration will be key differentiators.
As India’s electric vehicle adoption accelerates, EV infrastructure players like Statiq are emerging as critical enablers of the sustainable economy. This development stands out in D2C daily news India and reinforces what’s happening in India’s D2C space today—capital flowing into tech-enabled, scalable, infrastructure-driven businesses that combine consumer platforms with operational depth.
With fresh capital, expanding city presence, and ambitions to double its charger network by 2026, Statiq strengthens its position within India’s evolving D2C ecosystem India, contributing to the broader narrative of high-growth, tech-driven Indian startups scaling responsibly.
