JKRANA PRIVATE LIMITED

In their own words

Electrical Vehicles with Solar Charging Stations – entire set upThe company is aimed at providing every household, office, factory and each and every establishment with e-mobility solutions and charging infrastructure for becoming future ready. Apart from e- mobility products we also provide design services, software services and consultancy to our clients. To fulfill this commitment, JKRANA has set up a manufacturing unit at Vadodara in the state of Gujarat, India to develop and provide the best in class e-mobility solutions and also prompt accurate technical support for the Operation and Maintenance of the systems offered to its Clients. JKRANA is also inclined towards design and manufacturing of battery management systems, drive trains and other electronic circuitry required for sustainable and fast-growing e-mobility industry. Designing products to sustain the environment.WHY EV CHARGING?Government policies: 60% vehicles on road to be electric by 2030Environment: 70% dip in pollution due to reduced number of vehicles on roadAutomobile manufacturer: All automobile companies launching EV’sCost of Ownership: Cost of ownership is much lesser than IC engine vehicles (no maintenance, cheap fuel)PROBLEM5 million+ EV charging stations are required across India to have more than 60% vehicles on roads as electric vehicles by 2030 and reduce air pollution by more than 75% OUTLOOKGlobal – CAGR = 41.8%• The overall electric vehicle charging stations market is expected to grow from USD 10.3 billion in 2022 to USD 60.4 billion in 2030• Government funding subsidies and incentives, growing demand of electric vehicles, growing concern towards environmental pollution, and heavy investment from automakers of EV’s are the driving factors for the growth of the electric vehicle charging stations market• APAC to account for the largest share of the electric vehicle charging stations market in 2022 and is expected to grow at the highest CAGR between 2022 and 2030• DC charging stations are driving the growth of the electric vehicle charging stations marketIndia – CAGR = 34.7%• The EV charging market is estimated to grow from USD 2.5 billion in 2018 to USD 6o.6 billion by 2030• The increasing demand for electric vehicles and huge investment by companies for electrificationare expected to fuel the EV charging market• Developing electric infrastructure, rising emission concerns and government support are likely to propel the overall market

Written by the company on its public Startup India profile. Not verified by us.