EV sales are on the rise, but is the infrastructure for charging them keeping up?
According to a new KPMG study, global sales of electric vehicles (EVs) increased by 116% from 2020 to 6.6 million in 2021, bringing the total number of EVs on the road to 16.5 million.
By March 2022, there were over one million EVs on Indian roads, and by 2030, it's anticipated that there will be 45–50 million EVs on Indian roads.
The infrastructure for charging has to be improved and expanded as more EVs enter the road. However, there are now just 1,700 active public charging stations across the nation, which is far too few to keep up with the rise of EVs.
For EV users, not knowing where the charging stations are is a problem.
This is the issue that Bengaluru-based ElectricPe, a charging aggregation website, seeks to address.
In order to make e-mobility simpler, Avinash Sharma and Raghav Rohila founded ElectricPe in May 2021. ElectricPe is a business-to-consumer (B2C) EV charging and demand generation app that makes it easy for EV drivers to find, use, and pay for EV charging stations.
Before starting ElectricPe, Avinash spent more than five years working for Sun Mobility and Ola, while Raghav had his own company, Xyloop, and also worked with Ola.
The pair self-funded ElectricPe, then in November 2021, Blume Ventures and Micelio Fund made a $3 million seed investment for the firm.