Latest news with #Everta
Time of India
4 days ago
- Automotive
- Time of India
Everta aims to locally produce 3k DC chargers annually by 2027
EV charger manufacturing firm Everta on Thursday announced its plans to manufacture 3,000 DC chargers annually by 2027. The Mumbai-based firm, which is in the process of investing around ₹150 crore in its manufacturing plant in Karnataka and other related infrastructure, is eyeing a 15 per cent market share of the DC charger segment by 2030. The company is expected to start shipping out orders to charge point operators (CPOs) and other customers, including fleet owners, by the end of October this year. "By 2030, there is a projected need for 4 million public chargers, with 8 lakh being DC chargers. The company aims for 10-15 per cent market share of this segment," Everta Managing Director Benny Parihar told PTI in an interaction here. By 2027, the company plans to manufacture and deploy around 3,000 chargers annually, making a substantial contribution to the critical electrification mission, he added. Everta's plant in Bengaluru is expected to be operational by the third quarter this year. The facility enables localised production of DC chargers from 60 kW to 320 kW and beyond, catering to four-wheelers, buses, trucks, and heavy machinery, Parihar said. The company aims to strengthen the domestic supply chain, reduce reliance on imports, and contribute towards a sustainable EV infrastructure . It also plans for a domestic value addition (DVA) of over 50 per cent, with a goal of 100 per cent localisation over the next few years, he said. Everta has entered into a technology partnership with StarCharge, a global leader in EV charging with over 2 million units deployed across 60 countries, serving major auto OEMs (original equipment manufacturers) and infrastructure providers. Under the Technology Licensing Agreement ( TLA ), the company will manufacture, commission, and provide service support to its DC fast chargers across India.
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Business Standard
5 days ago
- Automotive
- Business Standard
DC charger manufacturer Everta plans ₹300 crore investment in 5 years
Everta, a DC charger manufacturing startup, on Thursday said it plans to invest ₹300 crore over five years to establish production capacity of 3000 DC chargers per month. The first phase includes a ₹150 crore investment in setting up a plant near Bengaluru and building service infrastructure. Manufacturing will begin in December, and deliveries will start in the first quarter of 2026. The second ₹150 crore will be invested in phases, depending on demand. The company aims to capture 15 per cent of India's DC charger market by 2030, powering around 4 million EVs, said Benny Parihar, managing director of Everta, in an interview. 'We believe EV infrastructure must be built for Indian conditions, heat, dust, and scale,' he noted. 'Our chargers will be high-performance, with up to 240 kW capacity, designed for urban and fleet needs,' he said in an interview with Business Standard. He added the company's target is to manufacture 3,000 DC chargers annually by 2027 and eventually localise 100 per cent of production. The Bengaluru plant will produce a range of 60 kW to 240 kW DC chargers catering to three-wheelers, four-wheelers, and heavy vehicles like buses and trucks. Everta aims to create 400–450 jobs across manufacturing and services. Everta will partner with charge point operators, fleet owners, and businesses to deploy chargers across India. The company is also setting up a 24x7 tech-driven customer support platform. 'We want users to trust that a charger will always work, that's the experience we're building,' Parihar added.
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Business Standard
5 days ago
- Automotive
- Business Standard
Epsilon enters DC charger market via Everta, to invest Rs 300 crore
Epsilon Group sets up Everta to manufacture DC chargers with Rs 300 crore plan, starting with a Bengaluru plant and aiming for 15% market share by 2030 The Bengaluru plant will produce a range of 60 kW to 240 kW DC chargers catering to three-wheelers, four-wheelers and heavy vehicles like buses and trucks. Everta aims to create 400–450 jobs across manufacturing and services. Deepak Patel New Delhi Listen to This Article Epsilon Group on Thursday announced it is entering the DC charger manufacturing space through a new venture, Everta, and plans to invest Rs 300 crore over five years. The first phase — entirely self-funded — includes a Rs 150 crore investment in setting up a plant near Bengaluru and building service infrastructure. Manufacturing will begin in December, and deliveries will start in the first quarter of 2026. The second Rs 150 crore will be invested in phases, depending on demand. The company aims to capture 15 per cent of India's DC charger market by 2030, powering around 4 million EVs,
Time of India
5 days ago
- Automotive
- Time of India
Everta aims to locally produce 3k DC chargers annually by 2027
EV charger manufacturing firm Everta on Thursday announced its plans to manufacture 3,000 DC chargers annually by 2027. The Mumbai-based firm, which is in the process of investing around Rs 150 crore in its manufacturing plant in Karnataka and other related infrastructure, is eyeing a 15 per cent market share of the DC charger segment by 2030. Explore courses from Top Institutes in Select a Course Category Management Digital Marketing Artificial Intelligence Healthcare Others Cybersecurity others Public Policy Design Thinking Leadership Data Analytics healthcare Product Management CXO Finance Data Science PGDM MCA Data Science MBA Technology Project Management Degree Operations Management Skills you'll gain: Duration: 11 Months IIM Kozhikode CERT-IIMK General Management Programme India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK GMPBE India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta CERT-IIMC APSPM India Starts on undefined Get Details The company is expected to start shipping out orders to charge point operators (CPOs) and other customers, including fleet owners, by the end of October this year. "By 2030, there is a projected need for 4 million public chargers , with 8 lakh being DC chargers. The company aims for 10-15 per cent market share of this segment," Everta Managing Director Benny Parihar told PTI in an interaction here. By 2027, the company plans to manufacture and deploy around 3,000 chargers annually, making a substantial contribution to the critical electrification mission, he added. Live Events Everta's plant in Bengaluru is expected to be operational by the third quarter this year. The facility enables localised production of DC chargers from 60 kW to 320 kW and beyond, catering to four-wheelers, buses, trucks, and heavy machinery, Parihar said. The company aims to strengthen the domestic supply chain, reduce reliance on imports, and contribute towards a sustainable EV infrastructure . It also plans for a domestic value addition (DVA) of over 50 per cent, with a goal of 100 per cent localisation over the next few years, he said. Everta has entered into a technology partnership with StarCharge, a global leader in EV charging with over 2 million units deployed across 60 countries, serving major auto OEMs (original equipment manufacturers) and infrastructure providers. Under the Technology Licensing Agreement (TLA), the company will manufacture, commission, and provide service support to its DC fast chargers across India. Economic Times WhatsApp channel )
