About Charge Zone
Charge Zone is a Transportation, Automotive & Logistics company based in Vadodara (India) founded in 2018 by Devbrat Hariyani, Kinnari Hariyani, and Kartikey Hariyani. Electric vehicle charging stations and management software are provided. It operates in the Transportation, Automotive & Logistics and Energy & Utilities sectors. Charge Zone has raised $97.79 million across 12 funding rounds from investors including Macquarie Group, Mumbai Angels and Venture Catalysts. Charge Zone was last valued at $60 million in August 2023. Its chief executive, as recorded, is Kartikey Hariyani. Its website chargezone.co.in draws about 28 thousand monthly visits. Its focus areas include Energy Tech, Energy Storage Tech, Charging and Station Network. Its legal entity is Tecso Charge Zone Private Limited. Its competitors include Bolt.Earth, EVRE and Charzer; 3 of its 3 listed competitors have raised funding.
Company details
Charge Zone was founded in 2018 in Vadodara, India, within the electric vehicle infrastructure sector. Hardware and software solutions for charging stations are offered, along with energy management and fleet charging services. An application and RFID cards are provided for user access to the network. Operations focus on supporting EV adoption through integrated platform services across India.
- Headquarters Vadodara, India
- Founders Devbrat Hariyani, Kinnari Hariyani, Kartikey Hariyani
- Stage Minicorn
- SectorsTransportation, Automotive & LogisticsEnergy & Utilities
- Website category Business and Consumer Services · Business Services
- Email••••••••
- Phone•••• ••••
- Website chargezone.co.in
- Social LinkedIn X Facebook Instagram YouTube
- Legal Name Tecso Charge Zone Private Limited
- Total Equity Funding$97.79M (USD)
in 12 rounds
- Latest Funding Round$19M (USD), Series A
Apr 2024
- InvestorsMacquarie Group
& 197 more
Apps and channels of Charge Zone
Charge Zone publishes 3 mobile apps with over 200K+ downloads; its YouTube channel ChargeZone has 922 subscribers and 30 videos.
Videos from Charge Zone
The most watched videos on Charge Zone's YouTube channel, ChargeZone (922 subscribers). Click a video to play it here.
More on ChargeZone.
Funding Insights of Charge Zone
Charge Zone has successfully raised a total of $97.79M across 12 strategic funding rounds. The most recent funding activity was a Series A round of $19 million completed in April 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $97.79M
- Total Rounds 12
- Last Round Series A — $19M
- First Round $70,188
(Sep 2019)
- Investors Count 198
Latest 10 of 12 funding rounds of Charge Zone with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2024 | $19M | Series A | – | British International Investment | – |
| Aug 2023 | $18.52M | Series A | $60M | Macquarie Group | |
| Mar 2023 | $8M | Debt – Convertible | – | BlueOrchard | – |
| Mar 2023 | $46M | Series A | – | BlueOrchard | – |
| Dec 2021 | $10M | Series A | $60.47M | Venture Catalysts, Tecso Global | |
| Jun 2021 | Seed | – | – | ||
| Oct 2020 | $3.98M | Seed | – | Estrela Global Ventures, Saanush Holdings | |
| Jun 2020 | $18,546 | Seed | $••••• | Anjana Software Solutions | |
| Mar 2020 | $68,841 | Angel Round | $••••• | Tushar Devidayal, Priyam Prem Devidayal | – |
| Jan 2020 | Seed | – | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Aug 2023 | $60M | •••••••• |
| Dec 2021 | $60.47M | •••••••• |
| Oct 2020 | $••••• | •••••••• |
| Jun 2020 | $••••• | •••••••• |
| Mar 2020 | $••••• | •••••••• |
Full valuation and stage history of Charge Zone
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
- All valuation points
- Stage changes
- Dates
- Exports
Verified entity values are shown only after access is granted.
Last known valuation $60M (Aug 2023). 198 investors in total: 49 institutional and 149 angel.
Investors in Charge Zone
Charge Zone has secured backing from 198 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Macquarie Group, Mumbai Angels and Venture Catalysts.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Single family office services are provided for Nisa Godrej. | nisafamilytrust.tcc.mode | Ahmedabad, India | ||
Startups are funded and advised by Geodesic Holdings. | geo-desic.com | |||
Debt and equity investments are managed by this private fund. | 2001 | blueorchard.com | Zurich, Switzerland | |
Early-stage startup ecosystem is supported by Venture Catalysts in India. | 2015 | venturecatalysts.in | Mumbai, India | |
Early-stage venture investments are facilitated by Mumbai Angels network. | 2006 | mumbaiangels.com | Mumbai, India | |
Energy transition investments and carbon offset initiatives in India. | 2022 | transitionventurecapital.com | Bengaluru, India | |
Startup accelerator | 2016 | znationlab.com | Cupertino, United States | |
Investing in innovative ideas, businesses, and opportunities with a focus on game-changing technologies and social impact. | 2020 | estrelaglobalventures.com | Mumbai, India | |
| saanushholding.tcc.mode | ||||
Accredited investors are networked for private equity funding opportunities. | 2000 | keiretsuforum.com | San Francisco, United States |
Investor details for Charge Zone
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of Charge Zone
3 people are tracked at Charge Zone (3 in leadership).
| Name | Role | Group |
|---|---|---|
Devbrat Hariyani | Co-Founder | Leadership |
Kinnari Hariyani | Co-Founder & Director | Leadership |
Kartikey Hariyani | Co-Founder & CEO | Leadership |
Complete people profiles for Charge Zone
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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Verified entity values are shown only after access is granted.
Timeline of Charge Zone
4 dated milestones of Charge Zone across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Charge Zone is founded.
- Funding First funding round of $70K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $19.0M.
Competitors of Charge Zone
Charge Zone has 3 listed competitors in our database, 3 of them funded. They include Bolt.Earth, EVRE and Charzer.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bolt.earth | 2017 | Bengaluru, India | $29.61M | 134 | EV charging hardware, software, and maintenance services are offered. | |
| evre.in | 2017 | Hyderabad, India | $4.81M | 637 | Electric vehicle charging solutions are offered via an integrated platform. | |
| charzer.com | 2020 | Bengaluru, India | $410,773 | 6 | Provider of end-to-end EV charging management solutions |
Detailed competitors of Charge Zone
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Charge Zone
The website of Charge Zone (chargezone.co.in) receives about 28.3K visits a month and ranks #1,288,366 among all websites worldwide, #10,495 in Business Services.
- Monthly visits28.3K
▲ 17.9% vs previous month
- Unique visitors11.9K
per month
- Global rank#1,288,366
among all websites
- Category rank#10,495
Business and Consumer Services · Business Services
- Bounce rate66%
- Pages per visit1.3
- Average visit15 sec
- DevicesDesktop 13% · Mobile 87%
Top companies in Electric & Green Mobility
3 companies that operate in the same segment as Charge Zone (Electric & Green Mobility) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric ride-hailing and cab services are provided via mobile app. | 2019 | Mumbai, Maharashtra, India | USD 168.52 M | |||
Shared electric two-wheelers are rented via an online platform. | 2017 | Bengaluru, Karnataka, India | USD 187.54 M | USD 2.14 M | 251 | |
Manufacturer of electric scooters, charging infrastructure, smart helmets, and accessories | 2013 | Bengaluru, Karnataka, India | USD 502.02 M | USD 391.37 M | 1,917 |
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Related news about Charge Zone
Complete news archive for Charge Zone
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Charge Zone
Charge Zone was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Charge Zone is headquartered in Vadodara, India. It is registered at Vadodara, Gujarat, India.
Kartikey Hariyani is the CEO of Charge Zone, as recorded in our data. They have also founded this company.
Charge Zone is a funded company, having raised a total of $97.79M across 12 funding rounds to date.
Charge Zone was founded in 2018 in Vadodara, India, within the electric vehicle infrastructure sector. Hardware and software solutions for charging stations are offered, along with energy management and fleet charging services. An application and RFID cards are provided for user access to the network. Operations focus on supporting EV adoption through integrated platform services across India.
Charge Zone's top competitors include Bolt.Earth, EVRE and Charzer.
Charge Zone has 198 investors. Key investors include Macquarie Group, Mumbai Angels, Venture Catalysts, Authum Investment & Infrastructure, and Capri Loans.
The valuation of Charge Zone is $60M as of Aug 2023.
Charge Zone operates through Tecso Charge Zone Private Limited.
Yes. Charge Zone publishes Charge Zone: EV Charging India and 2 more apps, with over 200,000 downloads.