Statiq Partners With SBI to Offer EV Charging Station Financing In India

Statiq recently announced that it has partnered with SBI to support financing for businesses to set up EV charging stations, making it easier for businesses and individuals to invest in EV infrastructure by offering structured financing options.

Under this scheme, SBI will provide term loans from Rs 10 lakh to Rs 5 crore at concessional interest rates, with an additional 2% interest subvention for loans up to Rs 2 crore. MSMEs, fuel stations, hotels, restaurants, commercial spaces, and office buildings can apply. The funding covers Public Charging Stations (PCS), Captive Charging Stations (CCS), and Battery Swapping Stations at both public and private locations.

For amounts up to Rs 5 crore, coverage under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) is available. Women-led businesses with over 50% ownership will receive a 10-basis-point reduction in interest rates.

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By making funding accessible, SBI is enabling businesses to play a role in strengthening India's green mobility goals. Aligned with the Ministry of Power’s guidelines, this initiative ensures compliance with safety norms and fire protection measures.

Akshit Bansal, CEO and founder, Statiq, said, “A strong EV charging network is crucial for India's clean energy transition. This partnership with SBI empowers businesses to contribute to sustainable transport. Competitive financing will accelerate charging station deployment, and user-friendly amenities like restrooms and cafeterias will make charging stops more convenient. Statiq is proud to collaborate on this initiative and drive wider adoption to strengthen India’s EV ecosystem.”