Macquarie Capital Charges Up India's EV Future with Investment in ChargeZone

Macquarie Capital, the investment arm of Macquarie Group, has announced a significant investment in ChargeZone, a leading electric vehicle (EV) charging network operator in India. This strategic investment will fuel ChargeZone's ambitious expansion plans, aiming to significantly expand its network of fast-charging stations across the country.

ChargeZone has established itself as a pioneer in the Indian EV charging space, with over 3,500+ charging points across 1,500+ EV charging stations in operation or construction in 37 Indian cities. The company's vision is to create a seamless charging experience for EV drivers, supporting the government's vision of promoting sustainable mobility solutions.

The investment from Macquarie Capital will provide ChargeZone with the necessary capital to:

Accelerate network expansion: ChargeZone plans to install a significant number of fast-charging stations across major highways and cities, improving connectivity and addressing range anxiety for EV owners.

Develop innovative technology: The company will invest in cutting-edge technologies to enhance its charging infrastructure and provide a user-friendly experience for customers.

Boost brand awareness: ChargeZone aims to increase its brand presence through targeted marketing and outreach initiatives, educating consumers about the benefits of electric mobility.

This investment signifies a growing confidence in the Indian EV market, which is expected to witness significant growth in the coming years. Government initiatives and favorable policies are further stimulating the adoption of electric vehicles, creating a fertile ground for companies like ChargeZone to thrive.

With Macquarie Capital's backing, ChargeZone is well-positioned to play a pivotal role in India's transition towards a cleaner and more sustainable transportation future. The company's commitment to innovation and customer-centricity will be instrumental in driving the adoption of electric vehicles and shaping the future of mobility in India.

• Macquarie Capital invests in ChargeZone, a leading EV charging network operator in India.

• The investment will be used to accelerate network expansion, develop innovative technologies, and boost brand awareness.

• ChargeZone aims to play a key role in India's transition towards a cleaner and more sustainable transportation future.

• This investment signifies growing confidence in the Indian EV market, which is poised for significant growth