What it sells
EV charging and energy management.
Business model breakdown
Buyer: who owns the budget?
UnverifiedCharge point operators (CPO owners/operations), fleet operators, RWAs and hospitality sites; Nexus plans sold via sales.
Trigger: what makes them buy now?
UnverifiedRunning growing charging networks that need uptime, automated settlement and fleet/driver demand; MG Charge deployed 250+ stations across 115+ communities.
Workflow: what inputs become what output?
CPO runs OCPP 1.6 charger management, tariffs and time-of-day pricing, session tracking, invoicing, customer management and settlements in Nexus; stations are listed in the Ionage app for drivers; Flo connects CPOs with fleets.
Economics: what it saves and how it charges
Software platform: Starter has no subscription and charges a transaction fee of INR 1.5/kWh; higher tiers add features and faster settlements (T+7 Business, T+3 Enterprise); paid add-ons for white-label app and private connectors. Claims 30% revenue growth for CPOs and INR 60L+/yr recovered by reducing downtime.
Distribution: how it reaches customers
Sales-led ("Talk to sales", Book Demo, Get a Quote) plus driver app and Discovery API/SDK for developers.
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2026-10-12 | — | $1.3M | — | news.google.com |
| 2026-10-12 | Pre-A | $1.3M | — | thesaasnews.com |
| 2026-10-10 | Pre-Series A | $1.3M | — | news.google.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-12.