ChargeZone - About the company
ChargeZone is a series A company based in Vadodara (India), founded in 2018 by Kartikey Babubhai Hariyani. It operates as an Operator of electric vehicle charging stations and related software services. ChargeZone has raised $97.5M in funding from investors like BlueOrchard, Venture Catalysts and iCreate, with a current valuation of $*****. The company has 218 active competitors, including 37 funded and 4 that have exited. Its top competitors include companies like Statiq, Battery Smart and SUN Mobility.
Company Details
Operator of electric vehicle charging stations and related software services. It offers hardware for various charging needs, alongside software for managing charging infrastructure. Services include energy solutions and fleet charging systems. The company also provides radio-frequency identification cards for streamlined access. Provides an app for station finder, real-time availability, navigation, and reviews.
- Website
- www.chargezone.co.in/
- Social
- Email ID
- *****@chargezone.co.in
- Phone Number
- +91 **********
- Registered Address
- Block -D, 8th floor, NOTUS IT PARK, SARABHAI CAMPUS, VADIWADI, Subhanpura, Vadodara, Vadodara, Gujarat, India, 390023
Key Metrics
Founded Year
2018
Location
Vadodara, India
Stage
Series A
Total Funding
$97.5M in 12 rounds
Latest Funding Round
Post Money Valuation
$***** as on Dec 06, 2023
Investors
Ranked
6th among 218 active competitors
Annual Revenue
₹50 - ₹100 Cr as on Mar 31, 2025
Employee Count
145 as on Aug 31, 2025
Legal entities associated with ChargeZone
ChargeZone is associated with 3 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Tecso Charge Zone Limited CIN: U40108GJ2018PLC103380 , India, Active | Jul 23, 2018 | ₹50 - ₹100 Cr (As on Mar 31, 2025) | 172 (As on Apr 01, 2026) | |
TECSO CHARGE ZONE EQUATOR PRIVATE LIMITED CIN: U43219GJ2024PTC154569 , India, Active | Aug 21, 2024 | 0 - ₹10 Cr (As on Mar 31, 2025) | - | |
TECSO CHARGE ZONE ONE PRIVATE LIMITED CIN: U43219GJ2024PTC150558 , India, Active | Apr 11, 2024 | 0 - ₹10 Cr (As on Mar 31, 2025) | - |
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ChargeZone's funding and investors
ChargeZone has raised a total funding of $97.5M over 12 rounds. Its first funding round was on Sep 23, 2019. Its latest funding round was a Series A round on Apr 30, 2024 for $*****. 1 investor participated in its latest round. ChargeZone has 54 institutional investors and 143 angel investors.
Here is the list of recent funding rounds of ChargeZone:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 30, 2024 | 7687886 | Series A | 5719303 | 3679123 | 5098247 | 1336489 |
Aug 26, 2023 | 7114377 | Series A | 7197868 | 8381852 | 7763924 | |
Mar 20, 2023 | 6933317 | Series A | 3246236 | 5555435 | 9537378 |
Access funding benchmarks and valuations. Sign up today!View details of ChargeZone's funding rounds and investors
ChargeZone's founders and board of directors
Founder? Claim ProfileThe founders of ChargeZone is Kartikey Babubhai Hariyani. Kartikey Babubhai Hariyani is the CEO of ChargeZone.
Here are the details of ChargeZone's key team members:
- Kartikey Babubhai Hariyani: Founder & CEO of ChargeZone and founder of 4 other companies, including Charge Zone, BillionE and Charge Zone. They serve on the board of 1 company.Contact Info: 4 email addresses and 1 phone number
ChargeZone's Board of Directors
ChargeZone's board has 7 active members. Kinnari Kartikey Hariyani, Kartikey Babubhai Hariyani and Pawankumar Mittal are part of team and Kuldipkumar Dayaram Kaura, Maheep Jain, Ravindra Mohan and Solomon James Proops are independent board members.Here is the list of ChargeZone's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 8y 0m | |
vlwekye | Team | - | Past | 1y 3m |
Investor | - | Current | 2y 0m | |
zltmzoe | Independent board member | - | Past | 4y 3m |
fugxoqz | Independent board member | - | Past | 8y 9m |
xevmieu | Independent board member | - | Past | 3y 3m |
pr{gjnq | Independent board member | - | Past | 4y 2m |
View details of ChargeZone's Founder profiles and Board Members
ChargeZone's employee count trend
ChargeZone has 145 employees as of Aug 25. The total employee count is 16.0% more than what it was in Aug 24. Here is ChargeZone's employee count trend over the years:
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ChargeZone's Competitors and alternates
Top competitors of ChargeZone include Statiq, Battery Smart and SUN Mobility. Here is the list of Top 10 competitors of ChargeZone, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Manufacturer of electric vehicle charging hardware and operator of networks | $45.5M | 74/100 | ||
2nd |  Battery Smart 2019, Delhi (India), Series B | Chains providing battery swapping services for electric two three wheelers | $157M | 74/100 | |
3rd |  SUN Mobility 2017, Bengaluru (India), Series B | Network providing battery swapping infrastructure for electric vehicle fleet operators | $135M | 71/100 | |
4th |  Bolt.Earth 2017, Bengaluru (India), Series A | Provider of electric vehicle charging hardware, software, and support services | $29.6M | 70/100 | |
5th | Network providing battery swapping and leasing for electric vehicle fleets | $15M | - | 64/100 | |
6th |  ChargeZone 2018, Vadodara (India), Series A | Operator of electric vehicle charging stations and related software services | $97.5M | 61/100 | |
7th | Provider of high-performance electric mobility solutions | $30M | 60/100 | ||
8th | Provider of electric vehicle charging solutions and critical power infrastructure | - | - | 57/100 | |
9th | Provider of electric vehicle charging hardware and software solutions | - | - | 53/100 | |
10th |  Battwheelz 2019, Gurugram (India), Seed | Provider of EV charging solutions powered by renewable energy | $334K | 53/100 |
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ChargeZone's Latest cap tables and shareholding
Founders own 13.13%, Funds (largest shareholder) own 31.80%, Parent Entities own 12.27% and Enterprises own 11.86%. The net worth of ChargeZone's founders is INR 65.6Cr as of Dec 06, 2023.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 13.13% | 65.6Cr | 8910871 | 4232450 | 3852794 | 2546848 |
3068895 | 8155456 | 2885837 | 5909478 | 7540364 | 3365304 | |
Fund | 31.80% | 159Cr | 2492680 | 8401890 | 5756727 | 3122789 |
8783349 | 6054943 | 3888998 | 8400155 | 5692278 | 4155355 | |
0 | 0 | 0 | 0 | 0 | 0 | |
Parent Entity | 12.27% | 61.3Cr | 3396408 | 9797374 | 5819300 | 6941856 |
Enterprise | 11.86% | 59.2Cr | 2678217 | 3289013 | 3053609 | 1350086 |
Angel | 1.03% | 5.13Cr | 8 | 1 | 7 | 2 |
Other People | 2.26% | 11.3Cr | 43 | 13 | 49 | 24 |
ESOP Pool | 4.74% | 23.7Cr | 4580 | 4181 | 9782 | 4838 |
Other Investors | 22.92% | 115Cr | 5108094 | 2650541 | 5655173 | 7924536 |
Total | 100.00% | 500Cr | 7021783 | 2837740 | 7493618 | 8082439 |
To unlock detailed Cap Table of ChargeZone Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of ChargeZone's Shareholding
ChargeZone's Investments and acquisitions
ChargeZone has made no investments or acquisitions yet.
Reports related to ChargeZone
Here is the latest report on ChargeZone's sector:
News related to ChargeZone
Media has covered ChargeZone for a total of 4 events in the last 1 year, 2 of them have been about company updates.
•
Angel Deal Syndicate Files $20 Million Lawsuit Against TECSO Charge Zone LimitedGlobeNewswire•Jul 31, 2026•ChargeZone
•
New 720 kW EV Charging Station Opens On Mumbai-Pune ExpresswayCarandbike•Apr 29, 2026•ChargeZone, Tata Motors, Charge Zone
•
•
ChargeZone Inaugurates India’s Largest EV Charging Hub In BangaloreCarandbike•Jun 24, 2025•ChargeZone
•
Exicom joins hands with ChargeZone to develop and deploy high power EV Charging Stations across IndiaAsian News International•Jan 28, 2025•ChargeZone
•
ChargeZone appoints Pritesh Kumar as director of Business DevelopmentAutocar Professional•Dec 10, 2024•ChargeZone
•
Hyundai ties up with Charge Zone for charging infrastructure for EVBusiness Standard•Jul 24, 2024•Hyundai Motor Company, ChargeZone, Charge Zone
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EV charging infra startup Charge Zone gets $19 million assistance from British International InvestmentZEE Business•Apr 30, 2024•Charge Zone, British International Investment, Namdev Finvest, Maj Invest and 4 others
•
BillionElectric raises $10 Mn in seed roundEntrackr•Jun 27, 2023•BillionE, ChargeZone, Charge Zone, BillionE Mobility
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