Statiq: 10 Key Things You Must Know

Overview

Statiq stands at the forefront of India's electric vehicle (EV) charging revolution, serving as a pivotal infrastructure and technology provider. Founded in 2020, Statiq has rapidly grown into one of the country's largest EV charging networks, boasting over 7,000 charging stations spread across more than 60 cities. Its significance lies in addressing the critical need for accessible, reliable, and efficient charging infrastructure, a fundamental requirement as India pushes for a greener transportation future. Through a blend of cutting-edge hardware, a user-friendly mobile app, and strategic partnerships, Statiq not only supports EV owners but also accelerates the adoption of electric mobility nationwide. Below, we explore ten key facets that showcase the company's impact, innovations, challenges, and future prospects.

1. Origin and Founders

Statiq was established in 2020 by two entrepreneurs, Akshit Bansal and Raghav Arora, who share a background in technology and startups. Prior to Statiq, the founders had launched Sharify, a vehicle-renting platform, giving them valuable insight into the mobility ecosystem. Recognizing the rising demand for sustainable transport solutions in India, they pivoted towards building a dedicated EV charging network. Their technical expertise and vision have been instrumental in shaping Statiq into a leading player in the Indian EV infrastructure landscape within a short span.

2. Extensive EV Charging Network in India

As of late 2025, Statiq operates one of the largest EV charging networks in India with over 7,000 charging stations installed in more than 60 cities, including major metros like Delhi, Mumbai, Bengaluru, and Hyderabad. This expansive footprint addresses a crucial gap in India's electric mobility framework by ensuring that EV users have convenient access to charging options whether at home, work, or on long-distance trips. The network's rapid growth aligns with government directives and rising EV ownership.

3. Innovative Technology and the Statiq App

Statiq offers an integrated digital experience through its mobile app, which helps EV owners locate nearby chargers, check real-time availability, book charging slots, start and stop sessions remotely, and pay seamlessly via the Statiq Wallet. A standout technological innovation is Statiq FLUX, which optimizes power distribution for faster and uninterrupted charging. By combining hardware with smart software, Statiq enhances user convenience and efficiency, setting it apart from traditional charging solutions.

4. Wide Range of Charging Solutions

Statiq manufactures and installs a variety of EV chargers suitable for diverse vehicle types—from two-wheelers to cars—offering both AC and DC fast chargers ranging from 3.3 kW up to 60+ kW. The chargers automatically adjust power output based on vehicle requirements, providing safety and speed. Their portfolio includes home charging solutions, such as the popular Statiq Nectar 11kW smart charger, emphasizing secure overnight charging with features like auto cut-off and dynamic load balancing.

5. Financing and Partnership with State Bank of India

To accelerate the deployment of charging infrastructure, Statiq partnered with the State Bank of India (SBI) to launch a financing program specifically designed for EV charging station installation. This collaboration supports entrepreneurs, municipal bodies, and commercial property owners to invest in EV infrastructure with affordable loans and credit guarantees. The move aims to democratize access to charging setups and widen the EV ecosystem sustainably.

6. Market Position and Competition

Statiq is often recognized as the second largest EV charging company in India, holding approximately 22% market share. It faces competition from other emerging startups such as Charge Zone, ElectricPe, Bolt.Earth, and IPEC. Despite fluctuating financials with some operating losses reported in recent years, Statiq's robust network, investor backing (including Shell Ventures and Y Combinator), and technology edge help maintain its leadership position in a rapidly evolving market.

7. Commitment to Sustainability and Social Initiatives

Beyond infrastructure, Statiq actively promotes sustainable practices. A notable example is its 2025 'Gift the Future' Diwali campaign, where they distributed seeds symbolizing growth and environmental responsibility alongside a digital platform explaining how small eco-friendly steps, including EV adoption, contribute to a greener India. This campaign highlights the company's dedication to blending technology with social responsibility and environmental awareness.

8. User Community and App Adoption

With over 300,000 active users, the Statiq app is among India's fastest-growing EV charging platforms. It aggregates multiple charging networks, enabling users to plan trips with built-in route planners, filter chargers by connector type and power, and rate stations for community feedback. Its ease of use and extensive features have earned recognition as one of the best EV apps in India, facilitating a better charging experience and wider EV acceptance.

9. Challenges in Growth and Financial Performance

Like many startups in infrastructure-heavy sectors, Statiq has confronted challenges including intense competition, regulatory hurdles, and capital-intensive operations. The company reported a notable revenue decline in FY2024 and increased losses in FY2025. Funding negotiations have reflected market dynamics, with some rounds downsized compared to earlier expectations. Nevertheless, Statoq remains focused on expanding its network and improving technology to strengthen market resilience.

10. Future Prospects and Expansion Plans

Statiq aims to install over 20,000 charging stations by 2026, expanding its presence across urban and semi-urban India. The company continues to deepen partnerships with automakers, state governments, real estate developers, and fleet operators to scale infrastructure and improve service quality. Innovation remains central, with plans for enhanced hardware, software upgrades, and new business models to support India's acceleration towards electric mobility and a sustainable future.

Conclusion

Statiq exemplifies the critical role innovative startups play in accelerating India's green mobility transition. From launching one of the nation's largest EV charging networks to fostering user-friendly technology and sustainable initiatives, the company is shaping the EV charging landscape south of the Himalayas. While it navigates financial and market challenges, its ambitious plans and deep-rooted commitments signal a promising future for both Statiq and the Indian EV ecosystem. As India's electric revolution accelerates, companies like Statiq not only power vehicles but also empower a cleaner, sustainable tomorrow. How will evolving technologies and policies further transform this dynamic sector in the coming years?