Gurugram-based electric vehicle (EV) charging network operator Statiq has raised about ₹18 million through a mix of debt and equity. The funding round was led by Tenacity Ventures, with participation from Y Combinator, Shell Ventures, and RCD Holdings. The fresh capital will be used to aggressively expand its charging infrastructure and deepen its footprint across tier-1 and tier-2 cities. A significant portion of the investment will go towards deploying more DC fast chargers along key highway corridors, enhancing product reliability to achieve 99.9% uptime, and accelerating EV adoption.
