Mumbai, Jan. 16 -- RoadGrid has raised INR 120 million in a Pre-series A funding round led by Inflection Point Ventures, which also saw participation from Venture Catalysts, FAAD Network, LetsVenture and several angel investors.

The funding will be used to support the company's objective of expanding its electric vehicle (EV) charging infrastructure across India.

Currently, RoadGrid operates in two segments of the EV market: the manufacture and sale of EV chargers to original equipment manufacturers and operating public and commercial charging stations. The company provides charging equipment for two-wheelers, three-wheelers and four-wheelers. At present, India has approximately 8,000 charging stations, with a projected requirement of n...