goEgoNetwork, an electric vehicle charging solutions company, announced that it has raised $ 2 million in seed capital (about Rs 15 crore) to expand its existing electric charging network.
The seed financing was led by Rishi Bagla, Chairman of the Bagla Group, a renowned auto component maker, and Olivier Guillaumond, Head of Global Innovation Labs and Fintech at ING Bank in the Netherlands, according to the Pune-based startup.
Commenting on the investment in the EV charging startup, Bagla said “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“.
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.”