Statiq Raises $18M in Equity‑debt Round Led by Tenacity Ventures
•February 18, 2026
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Why It Matters
The capital enables Statiq to scale critical EV‑charging infrastructure in India and launch a global hardware export model, accelerating the country’s electric mobility transition.
Key Takeaways
- •Statiq raised $18M led by Tenacity Ventures.
- •Funding mix includes equity and debt from top investors.
- •Targeting 20,000 chargers nationwide by year‑end.
- •Expanding DC fast chargers on highways and Tier‑2 cities.
- •Aiming 99.9% uptime and global hardware exports.
Pulse Analysis
India’s electric vehicle market is entering a pivotal phase, yet capital for charging infrastructure has thinned after a period of exuberant investment. In this environment, Statiq’s $18 million raise stands out as a signal of confidence from both domestic and international backers. Tenacity Ventures, Y Combinator, and Shell Ventures bring not only funds but strategic expertise, helping bridge the gap between a fragmented charging landscape and the scale needed for mass EV adoption. This infusion arrives just as policymakers are tightening timelines for nationwide charging coverage, making the timing particularly consequential.
Statiq differentiates itself with a full‑stack approach that couples proprietary AC and DC hardware with an integrated software suite, allowing operators to monitor performance, manage billing, and ensure reliability in diverse Indian climates. By targeting 99.9% uptime, the company addresses a core pain point for fleet operators and private users alike. The planned expansion into Tier‑2 cities and highway corridors will improve range confidence, while the aggressive goal of 20,000 charging points by year‑end underscores a data‑driven rollout strategy that leverages unit‑economics proven during the sector’s downturn.
Beyond domestic growth, Statiq’s ambition to export its home‑grown chargers positions India as a future hardware exporter in the global EV ecosystem. The move aligns with broader trends of emerging‑market firms scaling internationally, supported by venture capital that seeks infrastructure‑level returns. If successful, Statiq could set a template for other Indian clean‑tech startups, catalyzing a virtuous cycle of investment, technology transfer, and market expansion that accelerates the worldwide shift to electric mobility.
Deal Summary
India’s EV‑charging network provider Statiq announced a new $18 million funding round, led by Tenacity Ventures, with participation from Y Combinator, Shell Ventures and RCD Holdings. The mixed equity‑debt round will fund expansion of its charging infrastructure across Tier‑1 and Tier‑2 cities and support global growth. The company aims to install 20,000 charging points nationwide by year‑end.
Article
Source: ET EnergyWorld (The Economic Times)
Statiq secures $18 million in funding led by Tenacity Ventures to expand EV charging network
By ETB2B Desk
Published on Feb 18, 2026 at 06:35 PM IST
EV‑charging network provider Statiq has raised $18 million led by Tenacity Ventures.
The fresh funding round, a mix of equity and debt, also saw participation from Y Combinator, Shell Ventures, and RCD Holdings.
Founded in 2020 by Akshit Bansal and Raghav Arora, the firm offers a full‑stack EV‑charging platform, combining proprietary AC and DC fast chargers with integrated software.
The investment comes at a time when India’s EV‑infrastructure sector has been experiencing a prolonged funding slowdown.
“We’ve seen the highs and lows of the sector, but our focus remained on the ground, literally. We survived the downturn by executing on unit economics and building a product that works as well in the heat of Rajasthan as it does in the humidity of Kerala. This capital allows us to move from being a leader in India to a contender on the global stage,” said Akshit Bansal, co‑founder & CEO of Statiq.
The startup plans to allocate the capital toward expanding its charging infrastructure across Tier‑1 and Tier‑2 cities. The company will add more DC fast chargers along key highways, upgrade its systems to target 99.9 % uptime, and expand globally by exporting home‑grown hardware, building on its pilot operations in the UAE.
“At Tenacity, we look for gritty founders who are building the backbone of future industries. We believe they will become critical infrastructure for India’s electric future. We are proud to join them as co‑founders in spirit, helping take their Indian success story to its boldest, global version,” said Rohit Razdan, managing director of Tenacity Ventures.
At present, Statiq has partnerships with government bodies, automakers, and hospitality clients across more than 100 cities, covering over 10,000 AC and DC chargers. The company plans to install 20,000 charging points nationwide by the end of this year.
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