EV charging startup goEgoNetwork bags $8 million in its Series A round of funding
goEgoNetwork, a startup providing infrastructure solutions for EV charging, has secured $8 million in a Series A equity investment. GoEgoNetwork will invest the cash in creating and putting in place the rapid DC charging station product line, disrupting the energy and transportation sectors with its aim of building a strong EV charging network. Additionally, it will help the business establish itself as a prominent presence in six important Indian metropolises.
Sayantan Chakraborti, managing director and co-founder of goEgoNetwork, said, “The money offers us growth cash to pursue the major aim of having the EV charging infrastructure in place for the consumers who are not buying because of range anxiety. The EV sector is developing fast. By having charging stations with 100% uptime and ensuring you stay charged, it allows us to maintain our position as the preferred network for EV customers.”
The investment would allow for a targeted short-term reach of 8,500 charging stations across India with 15,000 paying members. goEgo currently has more than 1,000 charging stations spread over more than 55 cities in 15 states throughout the nation.
Pravin Kumar, co-founder of goEgoNetwork, stated, “The money increases our speed in attaining the figures of our business plan and executes our aim to enable two million EV customers charging effortlessly throughout our network.”
Sayatan Chakraborti, Dheeman Kadam, and Praveen Kumar established goEgoNetwork in 2019. A complete EV charging system has been developed by Impactware Technology Solutions under the goEgo brand, delivering charging stations supported by their own sophisticated software management platform. They serve every segment of the market for commercial, institutional, public, and residential charging systems.
goEgoNetwork seems to be a captivating startup with inspiring new development on motor vehicle manufacturing platform. Sending my best wishes for your business. I hope this startup gets you and your team a lot of success and fortune.Shishir Gupta, Founder and CEO, StartupLanes
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