In order to install EV charging stations at residential complexes in Greater Noida, close to the national capital, Statiq, a provider of electric vehicle (EV) charging services, and Noida Power Company Ltd.

According to a statement from the company, the memorandum of understanding (MoU) represents a further consolidation of Statiq’s recent efforts to take the lead in the Indian e-mobility ecosystem’s energy transition drive.

“NPCL will facilitate in identifying suitable locations to Statiq for setting up EV charging stations through its potential network and render all support needed for setting up the EV charging infrastructure in accordance with the roles and responsibilities mentioned in the MoU,” it said.

The agreement also outlines a structured framework for implementation, noting that selected locations for EV charging station installation must be devoid of any obstructions or constraints, ensuring safety and convenience for the customers.

Statiq founder and CEO Akshit Bansal said, “We’re not only constructing the largest EV charging network in India, but we’re also implementing advanced hardware and software solutions to ensure dependable EV charging stations in all our operational areas. I believe NPCL endorsed our proposal due to their confidence in our elevated standards, cutting-edge technologies, and proficient workforce for setting up and operating EV charging stations of any magnitude.” 

In order to accommodate a variety of electric vehicles, Statiq has successfully installed 7,000 charging stations throughout India in tier 1, tier 2, and tier 3 cities. As Statiq works to surpass its goal of 20,000 EV charging stations by the end of 2024, it has ongoing projects like the one that will start in Greater Noida in the upcoming weeks.