
1. Technology overview
Statiq is an Indian EV charging company founded in 2020 by Akshit Bansal and Raghav Arora, backed by Y Combinator seed funding and a Series A led by Shell. It builds AC and DC chargers, runs a public charging network and app, and sells charging software and partnership models to businesses, so that hotels, real estate groups, fuel retailers and entrepreneurs can host or own charging stations. The site reports more than 10,000 chargers installed and 12 million charging sessions.
The product range spans Nectar home chargers from 7.4 to 22 kW, AdWall AC chargers with a digital advertising display, and configurable DC chargers from 60 to 360 kW. Its OCPP and OCPI compliant charging station management system (CSMS) gives charge point operators, franchise owners and charger owners real-time monitoring, revenue and tariff management, complaint handling, role-based access, reports and next-day payment settlement. Partner and franchise programmes let investors open stations on Statiq's network.
2. Highlighted features & specifications
- DC chargers: configurable fast chargers from 60 kW up to 360 kW, including a compact 60 kW unit.
- AC and home chargers: Nectar chargers from 7.4 to 22 kW for homes, offices and societies.
- AdWall: AC chargers with an integrated digital advertising display.
- CSMS: OCPP and OCPI compliant monitoring, revenue, user and complaint management.
- Settlement and billing: T+1 payouts, multiple payment options, coupons and automated invoicing.
- Franchise programme: partner and FOCO models with an investment calculator for new station owners.
3. Potential application
Vietnamese investors and fuel station owners can open branded charging points with ready hardware and management software. Hotels and shopping centres can install AC chargers with advertising screens to earn extra revenue. Small charging operators can use the CSMS to manage pricing, payments and complaints across scattered sites.
4. Benefits
Businesses can enter EV charging through a franchise or partner model with hardware, software and network demand from one supplier. The CSMS gives a single dashboard for charger status, pricing, coupons, invoicing and complaints, helping reduce downtime. Next-day payment settlement improves cash flow for station owners, and AdWall chargers add advertising revenue at hosted sites.
5. Market trends & opportunities
Fast-growing EV markets in South and Southeast Asia rely on many small investors, property owners and fuel retailers to build out charging, rather than a single national operator. Franchise models that bundle hardware, software and demand lower the entry barrier. Vietnam's charging market is moving in the same direction, with franchise and site-partner programmes expanding.
6. Other information
Founded in 2020 and incubated by NASSCOM, with 2.5 million USD seed funding from Y Combinator and a 25.7 million USD Series A led by Shell in 2022. Expanded to the UAE and Nepal in 2024 and earned ARAI certification for in-house hardware. Received IEC certification and a CII National Best Practices Award in 2025.
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