iCreate facilitates investment partnership worth $300 million in Gujarat

iCreate, India’s leading startup incubator has facilitated a partnership between its supported start-up Charge+Zone, a technology-driven EV charging networks company and the Government of Gujarat, for $300 million investment, in an endeavour to set up a network of un-manned, app-driven 10,000 charging stations  within the state of Gujarat on national and state highways, and scale it up to 50,000 + charging stations to cover pan-India.

The MoU between both the parties was signed today as part of the Investment Promotion Activity for the Vibrant Gujarat Global Summit 2022 with an objective to amplify the charging infrastructure for EVs on National and State highways across India.

The MoU signed between both the parties aims to further electrify 10,000 kms of national and state highways in the next 3-5 years with super-fast charging stations and will lay the foundation in creating a robust charging infrastructure model for the country, thereby helping enable e-mobility for the consumers. The Government of Gujarat will facilitate Charge+Zone  to obtain necessary clearances and approvals from the concerned departments of the State as per the existing policies of the State Government.