MoEVing bullish on multi-modal EV charging
Autocar Professional|15th May 2022
The Gurugram-based startup which hopes to reach a $1 billion in revenues by 2026 has ambitious plans to set up more multi-modal chargers all over the country to cater to a variety of three-and fourwheeler fleet operators. Sricharan Rreports.
Sricharan
MoEVing bullish on multi-modal EV charging

MoEVing which recently inaugurated its first multi-modal electric vehicle charging space in Yeshwanthpur, a Bengaluru suburb, has outlined plans to build several more multi-modal charging stations across India to ensure seamless fleet operations. Its latest outlet is spread across 12,000 square feet and has several EV charging points, both fast and slow charging, EV battery swapping stations, EV maintenance stations and EV experience and learning centres, all under one roof.

The company’s Founder and CEO, Vikash Mishra (pictured) in an interaction with Autocar Professional said, “For one lakh vehicle operations, we will need about 500 charging stations over the next 3-5 years to run a fleet of 100,000.”

Mishra said a typical investment for a charging station like the one inaugurated in Bengaluru is about $ 200,000 and “If we are to build 500 stations like this, we need to invest about $100 million,” the CEO added.

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