Founded in 2019 by Sayantan Chakraborti, Pravin Kumar and Dheeman Kadam – the goEgoNetwork charging experience was originally conceived and initiated by the founders while working for major investment banks in the Netherlands
Pune-based electric vehicle charging solutions startup goEgoNetwork has announced that it has secured USD 2 million (nearly INR 15 crore) in seed funding to expand its existing electric charging network.
The seed round was funded by Rishi Bagla, Chairman of Bagla Group, a leading auto component manufacturer, along with Olivier Guillaumond, Head of Global Innovation Labs and Fintech at ING Bank in the Netherlands. Further, the seed funding arrangement was spearheaded by Jay Shah of Sharad Shah and Company in Pune.
Founded in 2019 by Sayantan Chakraborti, Pravin Kumar and Dheeman Kadam – the goEgoNetwork charging experience was originally conceived and initiated by the founders while working for major investment banks in the Netherlands.
Commenting on the investment in the EV charging startup, Bagla said EVs are not just about disrupting the ICE (internal combustion engine) automobile industry but are part of the larger disruption in energy and transportation, which are witnessing a considerable shift towards green technology solutions.
“In the EV sector, more focus has begun on installing charging infrastructure. This will be the single most important factor, which drives adoption of electric vehicles,” he said, adding goEgoNetwork has “the calibre to make a ‘Made in India’ product that is truly world-class”.
Expressing similar views, Guillaumond, who is a co-investor and advisor to goEgoNetwork, said, “The transition towards sustainable mobility is an unstoppable global trend and companies — which are able to provide reliable, fast and cost-efficient electric charging infrastructure for all types of vehicles — will make a huge impact”.
On the fundraising, goEgoNetwork Co-Founder and CEO Sayantan Chakraborti said, “The recent investment further reinforces our commitment and dedication towards being India’s only smart electric charger network. We aim to compel the market to switch towards EVs while creating more job opportunities with the best professionals in this greenfield industry.
The company has its corporate office in Pune, its lab in the Netherlands and has set up a manufacturing facility at AURIC city in Aurangabad to cater to the fast-growing demand for robust EV chargers across the country. Following up on the manufacturing facility – goEgoNetwork has plans to open its own experience centres in the coming few months.
