Summary:
MUMBAI, India, Dec.
1, 2022 /PRNewswire/ -- Greenie Energy, an emerging electric vehicle (EV) charging company recently announced its intention to raise a $1 million follow-up round of funding after a successful pilot, in order to expand its EV charging infrastructure across India.
Greenie Energy"s primary offering is a hardware solution that has the ability to convert any simple electric charging socket into an EV charging station.
This hardware solution can be operated using Greenie"s proprietary mobile application.
The company"s software provides the owner of any electric socket with the ability to monetize the same by converting it into an EV charging station, controlling who charges their EVs on the station, determining a billing rate, receiving payment from the EV user, and making a profitable venture out on the same.
The company earns a hardware installation and maintenance fee along with a fee on every EV charging transaction.
Greenie Energy had a successful pilot which was executed after a seed funding round of $ 90,000.
The company has carried out close to 50+ installations to date across 5 cities in India and MOU"s signed for over 500+ installation through its partnerships and has a target of achieving more than 70,000+ installations by 2027.