ChargeZone Partners with SBI to Unlock India’s EV Charging Future

ChargeZone Partners with SBI to Unlock India’s EV Charging Future

In a groundbreaking move for India’s electric mobility ecosystem, ChargeZone®, the country’s largest EV charging network, has joined hands with the State Bank of India (SBI) to roll out the DoCo (Dealer Owned, Company Operated) Program under the government-backed EV Mitra Scheme.

The collaboration is designed to address one of the biggest roadblocks in EV adoption—financing for charging infrastructure. Entrepreneurs, landowners, and businesses can now secure loans ranging from ₹10 lakhs to ₹10 crores, with repayment flexibility of up to 7 years. To reduce barriers for small and medium investors, the financing will come with minimal collateral requirements under the CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) guarantee program.

This democratizes access to EV infrastructure development, enabling anyone from a restaurant operator, fuel station owner, hotelier, or mall developer to logistics companies and fleet operators to participate in India’s fast-growing EV ecosystem.

Why This Matters for India’s EV Transition

India is chasing an ambitious goal—30% EV adoption by 2030—and public charging is the backbone of that vision. In just three years, the number of charging stations has risen from 5,151 in 2022 to over 26,000 in 2025, but to achieve scale, the industry needs exponential growth.

ChargeZone® is targeting 1 million charging points nationwide, and this partnership with SBI creates the financial foundation to achieve it.

As Kartikey Hariyani, Founder & CEO of ChargeZone®, puts it:

“The biggest unlock in India’s EV transition will come from removing barriers of mindset, access, and infrastructure. We’re not just powering vehicles—we’re enabling new businesses, creating jobs, and accelerating the shift to cleaner mobility.”

The Bigger Picture

The ChargeZone–SBI tie-up does more than fund chargers; it creates an ecosystem of opportunities:

• For Entrepreneurs & Landowners: A chance to transform underutilized real estate into income-generating charging hubs.
• For Businesses & Fleets: Easy access to scalable charging solutions to electrify last-mile and long-haul logistics.
• For the Economy: Thousands of new businesses and jobs in the clean energy sector.
• For the Environment: Accelerated decarbonization of India’s transport sector.

With its tech-driven, robust, and scalable charging solutions, ChargeZone is ensuring that public charging is no longer an urban luxury but a nationwide reality. By unlocking finance through SBI’s trusted network, the company is breaking the last big barrier in EV adoption—access to affordable capital.

Conclusion

The ChargeZone–SBI alliance is not just about charging stations; it’s about building the backbone of India’s e-mobility revolution. With financing, scalability, and accessibility at its core, this initiative has the potential to transform India’s transport landscape, helping the nation shift gears towards a sustainable, cleaner, and economically vibrant future.

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