In a major boost to India’s electric mobility sector, ChargeZone, the country’s largest charge point operator (CPO), has acquired Zerovolt’s flagship Wadala charging facility in Mumbai. The acquisition was completed in an all-cash deal for an undisclosed amount.
Founded just three years ago by Harshdeep Singh Virk and Priyesh Joshi, Zerovolt quickly built a strong reputation in heavy commercial EV charging. The company focused on powering electric passenger buses and large-scale commercial fleets. Most notably, Zerovolt enabled Chalo Mobility, India’s first electric private intra-city bus operator, driving a significant shift toward sustainable public transport.
With this acquisition, ChargeZone further strengthens its leadership in EV infrastructure. Supported by BlueOrchard Finance and British International Investment, the company has emerged as India’s most well-funded and fastest-growing CPO. Its strong financial backing and expansive nationwide network create the perfect foundation to accelerate India’s transition toward zero-emission mobility.
Speaking on the deal, Harshdeep Singh Virk, Co-Founder of Zerovolt, said:
“This acquisition validates our early vision and sets the stage for a full-fledged electric mobility platform for heavy commercial vehicles.”
Adding to this, Priyesh Joshi, Co-Founder of Zerovolt, remarked:
“Our mission has always been to solve electrification where it matters most—large-scale commercial fleets and operations. With ChargeZone’s support, this vision will now gain the scale it deserves.”
Kartikey Hariyani, Founder and CEO of ChargeZone, also emphasized the strategic importance of the acquisition:
“India’s EV ecosystem is entering a decisive growth phase. The electrification of heavy commercial vehicles will be the real tipping point. As we scale up to 15,000 fast DC charging points nationwide, this acquisition expands our operational footprint and reinforces our commitment to building the backbone of sustainable transport.”
While ChargeZone takes charge of the Wadala hub, Zerovolt’s young founders are already working on their next big move—India’s first integrated EV ecosystem for commercial fleets. Over the next two years, Zerovolt plans to invest more than ₹250 crores to expand electrification in commercial transport and logistics.
This sector, one of the most fuel-intensive and emission-heavy, is now set for rapid transformation. The move signals strategic consolidation in India’s EV industry, paving the way for large-scale fleet electrification and long-term sustainability in logistics and heavy-duty transport.