Greenie Energy has successfully garnered $600,000 in seed funding, equivalent to over ₹5 crore, from a consortium of prominent investors. The funding round was spearheaded by Rajesh Advani, Managing Director of Sun-N-Sand Hotels, with additional investments from AIC Pinnacle Entrepreneurship Forum, Ashwin Ramesh, Co-Founder of Primary Advisors, and Rajaram Ajgaonkar of R M Ajgaonkar and Associates.
This financial boost is set to propel Greenie Energy’s ambitious plan to establish over 5,000 EV charging points by the close of 2025. The company is also focused on developing innovative, scalable products tailored to the burgeoning EV market in India.
Greenie Energy is renowned for its cost-effective and convenient EV charging solutions, which are designed for large-scale deployment across various environments, including residential complexes, commercial buildings, and public parking areas. Their flagship offering is an advanced hardware solution that converts a standard electrical socket into a smart EV charging point, seamlessly managed via the Greenie Energy mobile app.
Director and Co-Founder Istayak Ansari expressed enthusiasm about the company’s progress, stating, “Greenie Energy has already installed over 550 charging points at more than 120 locations across six Indian cities, in partnership with housing societies, real estate developers, and hotel chains. This funding will enable us to scale operations to achieve our target of 5,000 charging points by the end of 2025 and to innovate in-house products that support India’s EV revolution.”
As India strides towards a sustainable future, Greenie Energy is poised to play a crucial role in facilitating EV adoption by providing dependable and accessible charging infrastructure to meet the nation’s increasing demand.
