Statiq
Ep. 35 India Startup Electrifying TransportationThe Indian EV market is expected to reach $47 billion by 2026 - a huge win in the fight for clean transportation. The problem is, there aren’t enough chargers to support the transition. Statiq is building charging stations nationwide to solve this challenge.
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Why We Made this Film
India is home to six of the world’s ten most polluted cities - and vehicular pollution accounts for 40% of it.
To solve the pollution problem in India, you have to cut transportation emissions. EVs are one obvious solution. The Indian EV market is expected to reach $47 billion by 2026, but today there is only 1 charger for every 1,000 cars in the country. Unlike the US and Europe, where EV owners frequently charge at home, 80% of charging in India happens in public spaces.
But in India, two and three-wheelers are far more common than cars, especially for commerce in cities. Electric two and three-wheelers are rapidly replacing their gas competitors throughout the country due to the lower upfront and maintenance costs. In India, these bikes and scooters accounted for 95% of EV growth over the last year - largely for their use in commercial delivery. Suffice it to say, the demand for electric transportation has never been more relevant. Now, we need the supporting infrastructure to be equally relevant.
That’s where Statiq comes in. This company builds affordable, reliable, and accessible EV charging stations that help speed up the transition to clean transportation. Statiq is already the largest electric charging company on the subcontinent and the startup plans to scale rapidly in the coming years.
