Wednesday, 19 June 2024, Bengaluru, India
EvyEnergy is an e-mobility software platform under the Indian Institute of Technology Guwahati which was acquired by Electric Vehicle charging technology provider, Zemetric. The startup offers a software platform that offers services with fleet charging, public charging, and destination charging with payment options. The application was made by the graduates of IIT Guwahati Tushar Bohra, Bhabani Mohapatra, and Mohit Jain.
Zemetric is a charging technology company that uses a machine learning platform to offer various EV charging services. This company has three business verticals including software development, charging infrastructure, and product management. The firm simplifies charging technologies for electric vehicles using ML and AI techniques. Zemetric aims to enhance its technology while developing new EV charging solutions and expanding its network across the country by acquiring EvyEnergy.
The platform offered by EvyEnergy provides over 3,000 charging ports on its mobile application making it the preferred choice for charging point operators for convenient charging access. This ChargeConnect platform allows users to easily access and locate charging stations through its charger aggregator feature and the cloud platform allows charger operators to control their charging systems. This process happens in real-time offering live insights to charging port operators and mobility providers. The application optimizes the charging experience and enhances the user experience.
This application first started as a dorm room startup and now it has quicky evolved into a key player in the Indian e-mobility ecosystem. The founders of EvyEnergy showed their gratitude to the Indian Institute of Technology for providing various opportunities and resources including e-mobility labs and mentorship. This acquisition will help Zemetric grow and incorporate EvyEnergy’s technology to aim for market expansion. This acquisition is beneficial for both companies. The startup competes with other EV charging providers including standard fleet and AMPLY.
Conclusion
EvyEergy is an e-mobility startup under the Indian Institute of Technology Guwahati that was acquired by a leading American EV charging company, Zemetric. The company plans to use this acquisition as a step to increase its network, enhance its technology, and scale up to meet working capital requirements. This strategic investment of Zemetric in the e-mobility platform will bring favorable market shifts in the EV charging landscape leading to the growth of the company with a significant change in the global EV market. Zemetric is a charging technology company that uses a machine learning-based platform to offer various EV charging services. This company has three business verticals including software development, charging infrastructure, and product management. Zemetric aims to enhance its technology while developing new EV charging solutions, expanding its network across the country, and establishing EV charging stations by acquiring EvyEnergy. This ChargeConnect platform allows users to easily access and locate charging stations through its charger aggregator feature and the cloud platform allows charger operators to control their charging systems. This process happens in real-time offering live insights to charging port operators and mobility providers. The application optimizes the charging experience and enhances the user experience.
