Guwahati, India — In a significant boost to India’s burgeoning eMobility landscape, EvyEnergy, an IIT Guwahati-backed startup, has been acquired by Zemetric, a leading electric vehicle (EV) charging solutions provider based in the United States. The acquisition underscores the rapid advancements and potential in India’s clean energy sector, particularly in the realm of electric mobility.
About EvyEnergy
EvyEnergy, founded by IIT Guwahati alumni Tushar Bohra, Mohit Jain, and Bhabani Mohapatra, has swiftly ascended from a dorm room startup in 2021 to a prominent player in India’s EV charging ecosystem. The startup specializes in providing a comprehensive software platform that facilitates public, fleet, and destination charging with seamless payment solutions. EvyEnergy’s platform is notable for its ChargeConnect feature, which integrates nearly 3,000 charging ports, making it a preferred choice for charging point operators and mobility providers.
Acquisition Details
The acquisition by Zemetric aims to leverage EvyEnergy’s innovative technology and extensive market presence to accelerate the transition to clean transportation in India. Harmeet Singh, founder-CEO of Zemetric, expressed enthusiasm about the acquisition, stating, “We are thrilled to welcome EvyEnergy into the Zemetric family. Their expertise aligns with our goal to accelerate the transition to clean transportation and expands our footprint in an enormous market primed for growth.”
Impact and Future Prospects
This acquisition is poised to enhance the capabilities of both companies in the EV sector. EvyEnergy’s software stack, which includes real-time monitoring and mobile applications for locating and initiating charging at stations, is expected to integrate seamlessly with Zemetric’s offerings. This merger not only provides Zemetric with access to the rapidly growing Indian market but also strengthens the global push towards sustainable and efficient EV infrastructure.
Leadership and Vision
Prof. Devendra Jalihal, Director of IIT Guwahati, lauded the achievements of EvyEnergy’s founders, highlighting the institute’s commitment to fostering innovation and technological advancements. “The success of EvyEnergy underscores our commitment to equipping our students with the skills and knowledge necessary to drive technological advancements and contribute meaningfully to society via enabling future technology development,” he remarked.
Tushar Bohra, co-founder of EvyEnergy, reflected on the journey, stating, “We are profoundly grateful for these opportunities, which have been instrumental in our achievements throughout our journey. We are firmly committed to giving back and supporting our college in every possible way.”
Conclusion
The acquisition of EvyEnergy by Zemetric marks a significant milestone in India’s clean energy narrative. As the country continues to champion sustainable practices and technological innovation, such collaborations are pivotal in driving the global transition towards clean energy.
