Top 5 Companies Leading India’s EV Charging Revolution: Driving the Future of Sustainable Mobility

The India EV Charging Market size was valued at USD 787.30 million in 2024, and is expected to be valued at USD 1059.90 million by the end of 2025. The industry is projected to grow further, hitting USD 5695.60 million by 2030, with a CAGR of 40.0% between 2025 and 2030. In terms of volume, the market reached 179 thousand units in 2024, and is projected to reach 1610 thousand units by 2030, with a CAGR of 45.1% from 2025-2030.

INDIA EV CHARGING MARKET OVERVIEW

The India EV charging market is undergoing a transformative phase, supported by rising EV adoption, government initiatives, and infrastructure development. A key market driver stems from the government’s strong policy support, including subsidies, tax incentives, and schemes like FAME-II, which continue to accelerate the installation of public and private EV chargers across major cities and highways.

Growing investments from both domestic firms and global players in charging technology and network expansion also play a critical role in boosting accessibility and consumer confidence. However, a notable restraint lies in the lack of uniform charging standards and grid readiness, especially in rural and semi-urban regions. The fragmented nature of the infrastructure, limited interconnectivity, and inconsistent electricity supply present challenges for users and providers alike, slowing down large-scale deployment.

An emerging opportunity exists in the integration of renewable energy with EV charging stations, enabling cleaner, cost-effective solutions. Additionally, the rise of battery-swapping models, smart charging platforms, and interoperable networks opens new avenues for scalable innovation. As demand continues to rise, collaborations between tech startups, energy companies, and automakers can further enhance India’s transition toward a sustainable electric mobility ecosystem.

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HIGHLIGHTS OF TATA POWER COMPANY LIMITED

Tata Power Company Limited stands as a prominent force in India’s energy landscape, with a well-diversified presence across power generation, renewables, transmission, and distribution. In 2023, the company recorded a revenue of USD 7.37 billion and an operating profit of USD 1.74 billion. The largest contribution came from the Transmission & Distribution segment, accounting for 59% of total revenue, followed by Generation at 25% and Renewables at 16%. With a workforce of over 23,000 employees, Tata Power continues to strengthen its position through strategic investments and nationwide initiatives aimed at supporting India’s clean energy transition.

The company has planned a 66% increase in capital expenditure for FY25, amounting to around USD 2.4 billion, with nearly half focused on expanding its renewable energy portfolio and EV charging infrastructure. Its subsidiary, Tata Power Renewable Energy Limited (TPREL), has achieved a significant milestone of 1.4 GW in operational capacity across group captive projects and recently signed a deal to build a 132 MW captive solar plant for a major industrial client. Tata Power has also collaborated with the Kolkata Airport Authority to deploy EV chargers at the airport, further expanding its presence in eastern India’s green mobility ecosystem.

Through its EZ Charge network, the company has facilitated over 100 million green kilometers by deploying more than 5,300 public and semi-public charging stations, along with 86,000+ home chargers in 530 cities. Tata Power aims to scale this number to 400,000 charging points by 2027. The company’s sustained efforts in solar energy have also earned recognition, with Tata Power Solar receiving multiple awards for performance and project excellence. With these advancements, Tata Power continues to lead India’s journey toward sustainable energy and electric mobility while strengthening its operational and environmental impact.

HIGHLIGHTS OF CHARGE ZONE

Charge Zone has rapidly emerged as one of India's leading EV charging infrastructure providers, playing a crucial role in expanding the country’s electric mobility ecosystem. Without disclosing its financials publicly, the company has built a strong operational presence by deploying over 13,500 EV charging stations, making it the largest charging network in India to date. Its fast-charging infrastructure spans key highways and urban zones, supporting both fleet and personal electric vehicles. Charge Zone has strategically focused on building supercharging corridors along high-traffic routes, including the Hyderabad–Bangalore–Chennai highways, where it recently installed high-speed DC chargers to ensure seamless intercity EV travel.

Further strengthening its market reach, Charge Zone has entered a significant partnership with Hyundai Motor India to provide EV charging solutions across the automaker’s dealership network and key locations. The alliance is set to enhance charging accessibility for Hyundai EV owners while reinforcing Charge Zone’s position as a key enabler in OEM collaborations. In addition, the company continues to scale its highway charging infrastructure with supercharging hubs across strategic locations that cater to both long-range EVs and high-usage commercial fleets.

By focusing on scalable, tech-enabled charging solutions, Charge Zone aims to address critical challenges in EV adoption across India, including accessibility, convenience, and charging speed. Its charging stations are designed to integrate app-based access, remote monitoring, and compatibility with various vehicle types, making the network adaptable and future-ready. With aggressive expansion plans and a growing number of automotive partnerships, Charge Zone is setting the pace for EV charging infrastructure development and supporting India’s broader shift toward clean and sustainable transportation.

HIGHLIGHTS OF CHARGEPOINT HOLDINGS INC.

ChargePoint Holdings Inc. stands as one of the largest EV charging network operators globally, with a significant presence in North America and Europe. As of January 31, 2025, the company actively manages around 342,000 charging ports, which includes approximately 33,000 DC fast charging ports, not counting single-family home chargers. Through its mobile app and roaming partnerships, ChargePoint enables nearly 750,000 monthly EV drivers to access more than 1 million charging ports worldwide, showcasing the scale and reliability of its platform.

In FY 2024, ChargePoint reported a revenue of USD 417.1 million, supported by a workforce of 1,395 employees, and generated a gross profit of USD 100.7 million. Its operating model draws strength from a diversified revenue mix, with 56% from networked charging systems, 35% from subscriptions, and 9% from other segments. This structure highlights its focus on building a recurring, service-oriented business while continuing to sell hardware and network solutions.

The company’s roadmap remains deeply anchored in innovation. Over the years, ChargePoint has heavily invested in research and development to strengthen its core technologies and launch advanced solutions. R&D spending reached USD 220.8 million in 2024, up from USD 195.0 million in 2023, and it has earmarked USD 141.3 million for 2025, reinforcing its focus on new product development, platform enhancements, and global scalability. These efforts are central to adapting its technology to evolving market demands and applications across fleet, commercial, and residential segments.

ChargePoint’s strategy also includes robust ecosystem partnerships to widen accessibility and customer reach. A landmark collaboration with General Motors aims to accelerate public charging availability across the U.S., providing GM customers easier access to reliable infrastructure. Additionally, the company has partnered with AAA Clubs and roadside service providers to streamline EV support for both fleet and consumer roadside assistance. These alliances signal ChargePoint’s shift toward becoming a full-service infrastructure partner for OEMs, fleet operators, and utility platforms.

In a significant tech leap, ChargePoint recently unveiled an industry-first AI-driven solution to improve driver support and network performance. This intelligent platform enhances charger uptime and personalizes driver experiences—vital in building long-term loyalty among users. The solution is part of the company’s broader digital push, reinforcing its mission to simplify EV charging through data, automation, and predictive maintenance.

Looking ahead, ChargePoint’s growth trajectory hinges on expanding into untapped markets, evolving its products for specific use cases, and maintaining leadership in networked solutions. The combination of hardware innovation, service expansion, and digital integration positions ChargePoint to shape the next phase of the EV ecosystem.

HIGHLIGHTS OF BLINK CHARGING CO.

Blink Charging Co. continues to expand its position as a key player in the electric vehicle charging industry, with growing investments in R&D, broader international reach, and strategic collaborations focused on accessibility and network integration. In FY 2024, the company generated USD 126.2 million in revenue, supported by a workforce of 594 employees and a gross profit of USD 40.7 million, underscoring its rising influence across both U.S. and international markets.

Blink's infrastructure spans both hardware and network services, targeting commercial and residential segments. Its geographical revenue breakdown shows a 72% contribution from the United States and 28% from international markets, indicating a steadily growing global presence. The company’s quarterly revenue has grown significantly since 2020, demonstrating consistent year-over-year momentum driven by rising EV adoption and the deployment of new charging stations. R&D has remained a core priority in Blink’s long-term strategy. Investment in research and development rose sharply, reaching USD 21 million in 2024, up from below USD 5 million just three years ago. This leap reflects Blink’s effort to deliver more advanced, reliable, and scalable charging technology tailored to evolving user needs and regional demands.

To expand its user access and roaming capabilities, Blink entered into a strategic collaboration with ChargeHub, aimed at enabling seamless EV roaming across North America. This integration strengthens the ability of EV drivers to find and use Blink stations through more platforms, reinforcing user convenience and expanding the brand’s digital reach.

Furthermore, Blink partnered with Eco-Movement, a major provider of EV charging location data. This collaboration ensures that Blink’s charging station information remains accurate, real-time, and accessible, supporting navigation systems and apps that EV drivers rely on daily.
With an expanding product ecosystem and partnerships focused on cross-platform interoperability, Blink Charging is actively working to bridge gaps in EV charging accessibility. Its push toward real-time data sharing and broad network integration positions the company as a technology-forward infrastructure partner that’s prepared to meet the increasing demand for sustainable transportation solutions.

HIGHLIGHTS OF OLA ELECTRIC MOBILITY PVT LTD.

Ola Electric Mobility Pvt. Ltd. stands at the forefront of India's electric mobility transition, rapidly advancing both its product innovation and infrastructure ecosystem. As of March 2025, the company reported the registration of 23,430 electric two-wheelers, reflecting its strong retail momentum and growing consumer demand. This milestone further cements Ola Electric’s position as a dominant EV brand in India’s two-wheeler market.

In a major step toward expanding its capital base and scaling operations, Ola Electric received approval for a USD 660 million IPO from SEBI in June 2024. This listing is expected to provide the company with critical funding for R&D, capacity expansion, and deeper market penetration, reinforcing investor confidence in India’s clean mobility movement.

On the infrastructure front, Ola announced plans to build the world’s largest scooter charging network in India, known as the Hyper charger Network. This ambitious plan aims to install 100,000+ charging points across 400 cities, addressing a key barrier to EV adoption by improving charging accessibility and convenience for users nationwide.

The company’s manufacturing and vertical integration strategy also includes a planned $920 million investment toward building electric cars, battery cells, and related R&D facilities in Tamil Nadu. This initiative reflects Ola Electric’s intent to evolve beyond two-wheelers and establish itself as a full-spectrum electric vehicle manufacturer, backed by domestic production and localized supply chains.

Ola Electric’s aggressive expansion across EV manufacturing, battery innovation, and charging infrastructure aligns with India’s broader sustainability goals. Its dual focus on affordability and scale positions the company as a pivotal force driving mass EV adoption across urban and rural regions alike. Through strategic investments and bold vision, Ola Electric is shaping the next chapter of India’s mobility landscape.

SUMMARY OF THE INDIA EV CHARGING MARKET

India's EV charging market is experiencing rapid growth, driven by government policies, increased adoption of electric vehicles (EVs), and advancements in charging infrastructure. Key players like Tata Power, Charge Zone, ChargePoint, Blink Charging, and Ola Electric are at the forefront of this transformation, offering innovative solutions to enhance accessibility and convenience for EV users.

Government initiatives such as subsidies and the FAME-II scheme are accelerating the development of public and private charging stations, particularly in urban and highway locations. The rise of supercharging networks, smart charging platforms, and battery-swapping models further supports this transition.

As demand for EVs continues to grow, collaboration between energy companies, automakers, and technology firms will be crucial in scaling the charging infrastructure, driving sustainability, and shaping the future of electric mobility in India. With technological advancements and strategic investments, the market is poised for significant expansion in the coming years.