Fortum Charge & Drive India Pvt. Ltd. has secured funding from the Finnish Fund for Industrial Co-operation Ltd. to enhance its electric vehicle charging infrastructure in India.
Information on the Target
Fortum Charge & Drive India Pvt. Ltd. (FCDIPL) is a prominent player in India's rapidly expanding e-mobility infrastructure sector. The company is dedicated to providing public electric vehicle (EV) charging solutions and operates over 97 charging points across 54 locations in India. This extensive network underscores FCDIPL's commitment to facilitating the growth of the electric vehicle ecosystem in the country.
Founded as part of Fortum's international operations, FCDIPL is focused on supporting India's transition to cleaner energy sources. The company aims to capitalize on the increasing demand for EV charging infrastructure, driven by the nation’s ambitious electric mobility initiatives and rising consumer interest in sustainable transport solutions.
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Industry Overview in India
The electric vehicle (EV) industry in India is witnessing unprecedented growth, driven by government initiatives promoting clean energy and sustainability. The Indian government has set ambitious tar
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Finnish Fund for Industrial Co-operation Ltd.
invested in
Fortum Charge & Drive India Pvt. Ltd.
in 2021
in a Other VC deal