Statiq, a leading electric vehicle (EV) charging network provider, is in advanced talks to secure $15 to $18 million in fresh funding from both new and existing investors. The upcoming funding round is expected to boost Statiq's expansion plans, enabling the company to scale its EV charging infrastructure across key locations in India.rnrnFounded in 2020, Statiq has rapidly expanded its footprint by offering a mix of hardware and software-led charging solutions, catering to public, commercial, and residential segments. The company operates a consumer-focused app that helps EV owners locate and book charging points efficiently. It last raised $25.7 million in a Series A round led by Shell Ventures and has since partnered with major industry players and banks to finance its expansion efforts.rnrnWith growing demand for reliable EV charging, Statiq’s move to raise additional capital reflects its ambition to accelerate deployment of charging stations, enhance technology platforms, and reach a broader market of EV users. The company’s valuation is expected to remain steady, even as it plans aggressive network growth to support India’s transition to cleaner transportation.
