Monday, 11 May 2020

CHARGE+ZONE, an electric vehicle charging start-up, raises funding from Mumbai Angels Network

CHARGE+ZONE, an electric vehicle charging start-up, raises funding from Mumbai Angels Network
CHARGE+ZONE was founded in 2018 and has established electric vehicle charging technology based on IOT and using cloud services to provide anywhere-anytime charging solution by making it smart, open platform configurable & flexible.
CHARGE+ZONE uses technology which is powered by IOT, through over-the-air flow of data and use of cloud base solutions to give a smooth customer experience. The company aims to build software solutions which will have Unmanned charging stations providing quality charging services, with remote control and monitoring, thus making them 24x7 available to EV drivers.
Kartikey Haryani, founder of CHARGE+ZONE on funding raise through MA, “While the entire global economies are facing unprecedented times, We thank Mumbai Angels for bestowing their trust and helping us in raising funds for CHARGE+ZONE, an EV charging company through their Network."
Investor Bhanu Prabha Thambireddigari, "I was highly impressed with the concept of CHARGE+ZONE. Clean energy theme and capable management team enticed me to add Charge Zone to my portfolio."
Nandini Mansinghka, Co-promoter and CEO Mumbai Angels Network, commented, "As Electric Vehicle as a sector gains wider adoption over the next decade, Our Investors see a lot of long term potential throughout the entire EV space. We welcome Charge+Zone in our diversified portfolio.”
About Mumbai Angels Network: 
Started in 2006, Mumbai Angels Network (MA Network) is India’s premier platform focused on new venture investing. The network is today 450+ members strong, across 9 chapters (Mumbai, Delhi, Bangalore, Kolkata, Hyderabad, Goa, Pune, Jaipur and Chennai). It has a 135+ strong portfolio with 30+ exits and has invested 150+ crores.

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