Revolutionizing EV Charging: Cargo Matters' Rs 66 Crore Investment

Logistics operator Cargo Matters plans to invest Rs 66 crore to establish over 550 smart grid and solar-integrated EV charging stations across South India in collaboration with TRYK Charge Services. The initiative aims to overcome infrastructure bottlenecks in commercial logistics and passenger mobility, introducing advanced technology and expanding market unification.

Logistics operator Cargo Matters announced a substantial investment of Rs 66 crore to establish more than 550 electric vehicle charging stations across key Southern Indian states, including Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and Kerala. The project is in partnership with EV charging infrastructure provider TRYK Charge Services LLP.

The primary aim is to solve the existing infrastructure bottleneck affecting both commercial logistics and passenger mobility. With the introduction of the 360 kW DC fast charger and the support for global standards alongside standard AC charging options, the network is set to become a benchmark for the future of electric logistics in India.

Cargo Matters will manage this sophisticated infrastructure through a comprehensive Charge Point Operator (CPO) platform, which will offer real-time analytics and remote monitoring. This venture also attempts to streamline the market by integrating unmanaged third-party chargers onto its platform and introducing an RFID-based charging card for seamless user access.

(With inputs from agencies.)