How Much Did Statiq Raise? Funding & Key Investors

What Is Statiq?

Statiq, based in Gurgaon, Haryana, India, is a prominent player in the electric vehicle charging industry. The company operates a network that allows users to locate the nearest charging station, book a slot, and pay online. With a workforce of 101-250 employees, Statiq is dedicated to expanding the EV charging infrastructure across India.

Specializing in automotive, charging infrastructure, electric vehicles, and electrical distribution, Statiq aims to build the largest network of EV chargers in the country. The company offers a range of products, including AC and DC fast chargers, and provides a mobile app for seamless user experience.

How Much Funding Has Statiq Raised?

1. Seed Round
   • Amount Raised: USD 150,000
   • Date: August 2020
   • Lead Investors: Y Combinator
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support initial product development and market entry.
2. Seed Round
   • Amount Raised: USD 2,300,000
   • Date: November 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the product and expand market reach. Investors included VentureSouq and others.
3. Series A Round
   • Amount Raised: USD 25,700,000
   • Date: June 2022
   • Lead Investors: Shell Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To invest in product engineering, network infrastructure, and reinforce the core team.
4. Series Unknown (Equity & Debt)
   • Amount Raised: USD 18,000,000
   • Date: February 18, 2026
   • Lead Investors: Tenacity Ventures
   • Participating Investors: Y Combinator, Shell Ventures, RCD Holdings
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale EV charging infrastructure across Tier I and II cities, deploy DC fast chargers on highways, improve hardware lifecycle and telematics, and support exports to the UAE.

Total Amount Raised: At least USD 43,700,000 based on disclosed funding (seed round amounts from 2020 are partially undisclosed; the two major disclosed rounds total USD 43.7M). Current Valuation: Not publicly disclosed.

Key Investors

• Tenacity Ventures
  • Details: Tenacity Ventures is a venture capital firm that led Statiq's February 2026 funding round of $18 million. Managing Director Rohit Razdan has been actively involved in the investment.
  • Investment Focus Areas: Growth-stage technology and clean energy companies.
  • Notable Investments: Statiq (lead investor, 2026 round).
• Shell Ventures
  • Details: Shell Ventures is the corporate venture capital arm of Shell. It invests in innovative companies developing technologies and business models to accelerate the energy transition. Shell Ventures led Statiq's Series A and participated in the 2026 round.
  • Investment Focus Areas: Renewable energy, energy storage, electric mobility, digital solutions for energy efficiency.
  • Notable Investments: Sonnen, Sense, Ample.
• Y Combinator
  • Details: Y Combinator is a startup accelerator that has funded over 2,000 startups, including well-known companies like Dropbox and Airbnb. It provided seed funding to Statiq in August 2020 and has continued to participate in subsequent rounds.
  • Investment Focus Areas: Technology, software, internet services.
  • Notable Investments: Dropbox, Airbnb, Stripe.
• RCD Holdings
  • Details: RCD Holdings participated in Statiq's February 2026 funding round alongside Tenacity Ventures, Y Combinator, and Shell Ventures.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.

What's Next for Statiq?

Statiq stands at the cusp of significant growth, driven by a $25.7 million Series A funding round. This capital injection will enable the company to invest in product engineering, expand its network infrastructure, and reinforce its core team. Collaborations with major EV manufacturers like Hero Electric and Ather further bolster its position in the rapidly growing EV market.

As the EV industry trends towards increased infrastructure investment and strategic partnerships, Statiq is well-positioned to scale its operations and enhance its technological capabilities. The company's consumer-centric approach and robust growth plans suggest potential for future funding rounds, which could further accelerate its expansion and innovation efforts.

However, challenges such as maintaining quality and reliability while scaling, keeping up with technological advancements, and navigating a competitive landscape remain. Despite these hurdles, Statiq's strategic vision and strong investor backing provide a solid foundation for continued success in the evolving EV ecosystem.

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