Bengaluru, Karnataka, India: <a rel="nofollow noopener" target="_blank" href="https://bolt.earth/">BOLT</a>, an All-in-One EV Infrastructure Provider, announced the installation of 10,000 BOLT EV charging stations in India in 6 months. This milestone is an important step towards the startup’s goal of installing One Million BOLT charging points across 500 cities in India & other emerging markets. BOLT is on track to deploy 100,000 charging points in the next 6 months by catering to demand coming from non-metro cities such as Jaipur, Nagpur, Nashik, Chandigarh, Surat, Ahmedabad, Lucknow, Bhubaneswar, Vijayawada etc.
With BOLT’s experience of making Bengaluru the first EV ready city in India, the top three cities that have seen the maximum usage of the startup’s EV charging station are Bengaluru, Delhi/NCR and Hyderabad. Of the total 4273 publicly available BOLT EV charging points in India, Bengaluru has the highest number installed in the country with 1754 chargers followed by Delhi/NCR region at 663 and 347 in Hyderabad. BOLT has added more than 15k+ active users on the BOLT charging network up to February 2022 and over the last 6 months alone, the BOLT charging infrastructure has successfully powered 344 electric vehicles across India. An average of 1.57 hours are spent for charging an EV per every BOLT charging point. Furthermore, BOLT charging points across India have helped generate a passive income of INR 64,000 cumulatively across India, with the overall average pricing recorded as INR 26 per unit of electricity dispensed. As a result, approximately 1840.99 g/Km equivalent CO2 has been reduced through EVs, enabled through the BOLT network. The overwhelming demand for a safe, reliable and affordable EV charging infrastructure combined with collaboration with other EV ecosystem players has helped fast track the startup’s goal. In the last 6 months alone, more than 20 OEMs/EV ecosystem players such as SpareIt, Park+ and EV fleet solution providers have partnered with BOLT across India.
BOLT is India’s largest EV charging network, comprising the universal BOLT Charging Point and the BOLT Operating System. Developed with the objective of building a strong EV charging infrastructure, it is India’s first dedicated network of IoT-enabled EV charging points connecting riders across the country. Made-in-India, BOLT is a universal charging point which is compatible with any portable charger that comes with EVs and works with the existing AC power supply everywhere.
Anyone, and not just the EV owner, can buy & install BOLT in their shops, garages, RWAs, commercial parking spaces, etc. for riders and use it ubiquitously to generate passive income and establish a denser charging network. Installing BOLT requires no additional infrastructure and can be done in under 30 min with little to no maintenance. The charging units come with an energy calculator to monitor the power consumption and gives the buyer access to a lifetime of passive income. BOLT owners can choose to switch the device status between ‘Public’ and ‘Private’, where ‘Public’ charging points are open to the public and are available for booking on the BOLT app. The charging points marked as ‘Private’ are exclusively for the use of device owners. Thousands of BOLT charging points have already been installed across 60 different cities in India with an installed capacity of over 33,000kW.
Mohit Yadav, Cofounder, BOLT
“With the increasing adoption of Electric Vehicles, investing in a charging network will find significant utilization in the future. At BOLT, we are solving this challenge by partnering with EV ecosystem players to install the necessary EV infrastructure across states with a very affordable universal charging point that also allows charging point owners to make a passive income. We are really excited to achieve the milestone of installing 10,000 charging points across India and are on path towards achieving our goal of installing over 1 million charging points over the next 2 years.”About BOLT
BOLT was founded in 2017 by Mohit Yadav and Jyotiranjan Harichandan with the aim of making electric vehicles more accessible, smart, safe, and connected. BOLT is the World’s Largest Peer-to-Peer Charging Network, comprising the universal BOLT Charging Point and the BOLT Operating System. It is India’s first dedicated network of IoT-enabled EV charging points connecting riders across the country. The modular and customizable BOLT OS can be easily integrated into EVs. The start-up has raised $4.5 million in funding from Union Square Ventures & Prime Venture Partners, and has offices in Bangalore & Singapore.
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