SUMMARY
Without disclosing the investment amount, Macquarie Capital, in a statement, said it has acquired a minority stake in ChargeZone
Macquarie Capital said that India is now the world’s most populous country, with rising consumer demand and a growing manufacturing sector. The investment firm expects this to lead to more electrification of vehicles in the country.
ChargeZone was also looking to raise $75 Mn-$100 Mn in equity as part of its Series A2 funding round between 2023 and 2024
Macquarie Capital, the principal investment arm of Australia’s Macquarie Group, has invested in EV charging startup ChargeZone to help the Indian startup further develop its cloud technology-enabled EV charging network.
Without disclosing the investment amount, Macquarie Capital, in a statement, said it has acquired a minority stake in ChargeZone.
Speaking about the investment, Ivan Varughese, senior MD and head of infrastructure and energy…