Plugzmart funding, investors and company details

Plugzmart is an emerging Automobile - EV startup from Chennai, working in the space of EV charging solutions company specializing in indigenously designed smart AC and DC chargers for two-, three-, and four-wheelers..

Company: Meras Plugins Private Limited
Sector: Automobile - EV
Location: Chennai
Total funding raised: ₹3.63 Cr

Company overview

Plugzmart was founded with the objective of establishing itself as a deep-tech player in India’s electric vehicle charging ecosystem. The company focuses on designing and manufacturing indigenous EV charging solutions, aimed at reducing dependence on imported charging infrastructure. Its product portfolio spans AC chargers ranging from 7.4kW to 22kW and DC fast chargers between 30kW and 120kW, serving two-wheelers, three-wheelers, and passenger vehicles. In 2024, Plugzmart achieved ARAI certification for its 60kW DC fast charger, highlighting its adherence to stringent safety and performance standards. Plugzmart embeds IoT-enabled smart charging management systems into its solutions, enabling real-time communication between chargers and networks. This capability improves operational efficiency, monitoring, and overall user experience, supporting scalable and reliable charging deployments. In addition to fixed installations, the company offers portable charging solutions to improve accessibility and convenience for EV users. Its emphasis on energy efficiency and sustainability closely aligns with India’s broader transition toward clean mobility.

Funding rounds

Latest round (Seed): ₹3.63 Cr. ($ 0.44 Mn), 2022-12-20. Investors: Bluehill VC, Meera Reddy (SKCL), Karthik Meiyappan, L Ramkumar, Shivadas Raghav, Shailaja Reddy