Kerala-based energy tech startup chargeMOD Pvt Ltd began its operations in 2021-22 and initiated monetisation in early 2022.
Founded in 2019, chargeMOD specialises in developing energy technologies, including electric vehicle (EV) charging, power electronics, control and communication architecture, postmark energy tech hardware, and grid-side technologies.
Ramanunni M, Advaith C, Anoop V, Visakh V Raj, and Mithun Krishnan M are the five founders of this startup. Due to the pandemic, the startup began operational work in 2021-22 and initiated monetisation in early 2022.
Initially, chargeMOD aimed to connect EV drivers with charging stations, similar to Uber’s model. However, realising the high hardware costs of EV drivers, which were not manufactured in India, the company refocused on designing core technology and IP. This strategic shift allowed multiple manufacturers to produce the hardware, fostering a more inclusive ecosystem.
This startup offers hardware and software products, including EV chargers categorised into levels one, two, and three. Level one chargers are for residential use, providing faster charging at home. Level two chargers offer quicker charging, typically taking three to four hours (depending on OBC capacity). Both use AC. Level three chargers are DC chargers that deliver power directly to the battery at a much higher rate, starting from 30kW, fully charging a vehicle in 14 to 50 minutes. chargeMOD manufactures chargers from 3.3 to 320kW, covering all levels. Their workforce comprises 58 employees.
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