EV Solution Startup EVI Technologies Raises Funding From Napino
Summary
Tessellate Tech Ventures, investing arm of Napino Auto & Electronics Ltd, Gurgaon, which is one of the largest Automotive Electronics Component manufactures in India, has made an undisclosed investment in New Delhi based EVI Technologies Pvt Ltd (EVIT), a start-up founded by alumni from IIT Delhi. Speaking on the funding, Team EVIT, said “EVIT is very much excited to have partnered with Napino, as their world-class manufacturing facility will help us make our product range comprehensive to meet all requirements of electric vehicle (EV) industry. EVIT is looking forward to implementing an ambitious plan to install a network of 2000 EV chargers besides 50 Battery swapping stations in Delhi & NCR in next 6 to 8 months. By providing DC-based fast-charging solutions and creating charging infrastructure to remove range issues, EVIT is also addressing key challenges that arise while switching to EVs. Speaking on the growing success of EVIT, Shri Sanjeev Chopra, CEO, Electropreneur Park said, “the electronics industry is one of the fastest-growing in the country.