- What inspired you to enter the EV space and establish Statiq?
In densely populated countries like India, at-home unreliable and fragmented electricity grid charging is never an option; 80 percent of EV charging occurs in public spaces. With the EV manufacturing space already crowded with a bunch of legacy companies having immense financial backing, start-ups are not an easy, scalable model.
With the rising demand for EVs, we saw a chicken and egg situation in the space and it aligned with our goal to make sustainable transportation a reality. Our shared passion for environmental conservation and our will to converge Akshit’s capabilities as an electrical engineer and Raghav’s passion for innovation and data analytics to further that cause is what led to the birth of Statiq. We don’t have plenty of time and have to make smart choices every day to save our resources. That’s the basis of our vision consolidation in the form of this unique start-up – with a bid to build India’s smartest EV charging network, one charger at a time.
E-mobility is one of the smartest choices of our times and it’s becoming increasingly popular. And Statiq has always been about contributing not only by way of charging infrastructure development to spread the advent of advanced EV tech but also by information dissemination to spread awareness.
- What are your upcoming plans, launches, and future growth in terms of expansion and revenue in the next 2-3 years?
We have recently launched our Statiq-made 60kW DC charger called Canvas along with a residential 22kw Dual Gun AC charger named the AdWall. With this launch, we have a gamut of offerings, ranging from a 3.3kW smart socket to a 60kW DC combined with tech solutions-curated in-house, which aligns us with our goal of providing an accessible, affordable and reliable charging network. Regarding network expansion, we have been strategically expanding into regions and catering to relevant demand to create an ecosystem that ensures overall value to all stakeholders in the ecosystem.
- You’ve been in the EV space for three years which is long enough to assess how the next five years for this space will shape up. What trends do you foresee picking up?
We see the trend of increasing EV adoption to continue at the current momentum and, on the lines of forecasts by multiple reports, we also see the possibility of 30 percent of overall EV vehicular traffic being exceeded as a whole.
- What makes Statiq different from other EV charging manufacturers, what problem you are solving with your product solution?
Statiq is the dream of two young co-founders built to be solution-providing pioneers in a specialised yet necessary arena, and in the most affordable manner possible. For EV owners, we provide in-house charging systems with optimum services, and also in-house public charging station management systems. Statiq also aims to provide on-the-go charging solutions as easily as booking a ride on apps, through their Statiq EV charging app (https://play.google.com/store/apps/details?id=com.statiq&hl=en_IN&gl=US). By getting on the app, one can discover the closest charging station, book a slot, and pay online. In this manner, they have eradicated all worries in the path of switching to EV usage by providing easy, affordable, convenient charging solutions that are extremely accessible.
Knowing that Statiq EV charging is not a one-size-fits-all solution, Statiq also provides two kinds of charging: slow and fast, and in two formats—pillar and circle, and across vehicle types – from two and three-wheelers to four-wheelers.
In the initial stages, many companies imported products from Europe and China, and adapted them to Indian conditions while using third- party software to ensure integration – this process does not assure service at all. We made products for India, in India and by Indians thus ensuring complete relevance to the Indian ecosystem.
- What are your thoughts on the policies surrounding the EV space and is there something more that can be done from a governance perspective?
Statiq embraces the delayed, phased roll-out of the EV battery norms prescribed by the government. This gives all of us stakeholders the much-needed time for proper testing and evaluation. The move is a step in the right direction for the overall, long-term prosperity of the EV industry. The staggered approach towards the situation also ensures that manufacturers aren’t burdened financially by the sudden pivot and that they can ensure the necessary modifications, in the given time.
To facilitate the mass adoption of EVs and a robust charging network in India, it is essential for industry players such as Statiq to gain our customers’ trust. We are grateful that the Government of India understands this and has been gradually yet meticulously supporting the industry in every respect. The recent decision is the latest testament to their total commitment to the well-being of the EV network in India.
