PiEV: an innovative leader in the development of charging infrastructure for electric mobility

Electric recharging infrastructure: a growing market

The 21st century will be electric or it will not be. Faced with the climate challenge, electric mobility presents itself as a technological and industrial revolution capable of replacing the reign of fossil fuels in the mobility sector.

However, a problem remains: that of the overall development of infrastructure supporting electric mobility, a sine qua non condition for the massification of the energy transition.

This challenge depends on the capacity of both public and private actors to create a whole new infrastructural ecosystem centered on the needs of consumers, who are not yet inclined to take the plunge into electricity.

The challenges are immense and the market very promising: in particular, that of charging stations representing $35.50 billion in 2021, and estimated at more than $417.35 billion by 2030.

It is on this ecological challenge and this economic opportunity that Ali Iftikhar founded PiEV in December 2021. After having created various successful fintech start-ups in Canada, Great Britain and India, this electrical engineer graduated from the prestigious NIT has set itself the ambition of launching the largest innovative electric vehicle charging network in India.

The major issue according to him? The development of continuous rapid recharging infrastructure in commercial areas, due to the insufficiency of residential night recharging for long distances.

It is in this dynamic that PiEV, a pure player in the electric mobility market founded to meet the needs of the next 100 years, is part.

A technological leader who makes electric mobility accessible to all

“ Always be Incharge  ”: this is the leitmotif of Indian business – everywhere and for everyone.

Highways, landmarks, main roads, urban areas, malls, schools, residential and commercial complexes, hospitals… PiEV, intends to be present in the four corners of India by developing 100,000 charging stations and one million charging points for make electric mobility accessible to all.

Everywhere but also for any type of vehicle: the start-up’s offering concerns nine products to meet every need, from bicycles to small and large cars, including utility vehicles, buses and trucks.

Their innovation  ? Accessible, cost-effective and fully managed DC fast charging to know and upgrade demand.

Using their patented engineering technology, the nearly carbon-free PiEV charging station is designed to harvest solar energy and store excess energy.

Wireless charging, thermal management and battery exchange, the technology guarantees fast and safe charging in less than an hour, 24/7, so that once the network is operational, they will be able to serve 4 to 5,000 electric vehicles per day.

With chargers ranging from 3.3 kW to 360 kW, PiEV has the unique ability to meet different customer needs and give them the assurance of a trouble-free journey.

The start-up also starts from the observation that the infrastructure aspect of electric mobility must respond to new emerging consumption habits. For this, all its stations will be equipped with Wi-Fi, toilets, café, restaurants, place of rest and relaxation and repair stations to make the experience more pleasant.

Added to this, the first loyalty program in the electric charging sector: “Evards”, developed by PiEV to retain its customers and enable them to reduce their costs.

Electric mobility and sustainable development: an imperative for PiEV

Faced with a scientific consensus stipulating that a temperature increase of 1.5 to 2 degrees would be catastrophic for humanity, a new economy is emerging: that of sustainability, clean energy and reduced consumption. .

Convinced of the ecological promise of electric mobility, PiEV has been designed to meet the demands of the next 100 years by providing a robust and sustainable charging infrastructure for electric vehicle owners.

Eager to expand use of infrastructure, the start-up also intends to give consumers access to mobility that is still too expensive. A full-fledged player in the access society, PiEV has developed its “ EV for all  ” component: a system of access to electric vehicles by subscription.

At the customer level, the company, in addition to individuals, seeks to focus first on educational institutions and fleet companies, which represent key growth opportunities for charging models and access to electric vehicles by subscription.

With sustainable development at its heart, PiEV has included the UN Sustainable Development Goals 7 and 13 in its model.

Concretely, this translates in particular into a target of 30% renewable energy used or its avant-garde “CO 2 Chain” initiative. This innovative blockchain solution based on the SDGs will enable the company to track the environmental impact of its loading operations and provide customers with transparent and verifiable data on their carbon footprint. Aimed particularly at fleet operators, this service will allow customers to better control their impact and achieve their CSR objectives.

Present at the 2023 edition of the Viva Tech show with the Indian delegation, the company is seeking to raise €125m from Indian and French investors to be able to consolidate its technological solution, a pioneer in this area.

Ambitious and resolutely focused on the future, the company anticipates a capacity to charge 2 to 3 million electric vehicles per day by 2035. With the mission of “ charging for all  ”, PiEV aims to make India a model of a successful energy transition. In short, a textbook case that meets the challenges of the 21st century.

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PI EV Solutions: A Robust Startup Taking The EV Industry By Storm

About the Company
In the past century, the world has seen the transition from horsepower to coal and steam locomotive combinations to gasoline (including diesel and other kinds) and ICE combinations. The age of electric vehicles is now upon us. In this new environment revolving around the idea of lowering carbon footprint and building sustainable business models, Pi EV’s mission is to develop high grade engineering solutions which resonate with these concepts. The firm’s primary area of expertise is establishing reliable charging infrastructure for EV owners. Its goal is to put up 1 Lakh stations and 10 Lakh charging points in order to meet the needs of its clientele, who are EV drivers and consumers. “Our vision is to be the largest EV Charging infrastructure in India and ensure EV owners will ‘Always be Incharge’. Our EV Charging stations will be easily accessible to you. We will be at highways, major landmarks, key roads and areas in the cities, at malls, residential complexes, hospitals, commercial complexes, work parks, and more”, shares Iftikhar Ali, Founder & CMD.

Driving an EV indicates one’s dedication to ecologically benign and sustainable modes of transportation, which provides all the chance to leave a better planet for future generations. Pi EV thinks that while the car is charging, one should have a good experience. It wants to make sure that the EV owner, the driver, and the passengers are at ease and prepared for the trip ahead. As a result, it pledges to uphold higher levels of customer service to provide a positive user experience each time they charge. All of the solutions designed by the firm are in alignment with the aspiration to accomplish and establish a new standard for EV charging experience, setting them apart from the competition.

Environment Friendly Offerings
The green energy and sustainability segments are currently booming. As a result of climate change, there is a visible and significant change in the environment which can be felt by everyone in the form of unpredictable weather. This led to an inspiration to do something which was the need of the hour, thereby leading to the establishment of Pi EV. The EV sector presents abundant opportunities as the industry is just starting to grow. As Electric Vehicles are becoming the norm, the need for

EV charging stations is also at an all time high and is predicted to grow massively in the coming years. Pi EV, though new is rapidly becoming a very promising firm in this segment.

“Our core service is providing charging access to EV owners in India. As our tagline says, we want the EV drivers in India, to be Always in Charge to further assure them to switch to EV, we have our rewards program called EVards that EV drivers collect points that can be redeemed for shopping, entertaining, clubs and even at educational institutes. Our value-added service is the EV on a subscription model. It is called by MyEV service. In this, we are now helping people who need the EV, acquire them without the financial burden it comes along with. We are starting with 2 & 3 wheelers and eventually get to 4 wheelers as well”, shares Iftikhar. The firm currently has an impressive 9-product portfolio to meet various demands, with a goal of setting up about a hundred thousand charging stations and 1 million charging points.

Along with cutting-edge technology like wireless chargingPi EV’s innovative Integrated Charging Station is built to harvest solar energy for charging. Fast charging with safety is guaranteed in less than an hour thanks to their Safety max technology. The charging stations are made to work around the clock, so once the full network is up and running, they will indeed be able to service 4 to 5 crore EVs daily.

Since it is built with the consumer in mind Pi EV’s services are exceptional in the industry. First off, the variety of chargers available, both in terms of power and design, makes it easier for their hosts to provide their clients with charging solutions. Their clients, who are EV owners and drivers, receive the assurance that there are trustworthy and secure charging stations available across the nation as well as the ability to complete their journey without worry. Furthermore, an Integrated Charging Platform, Thermal Management, Battery Swapping, and Wireless Charging are a few of the standout characteristics of the charging stations that the company has built.

In addition, all the stations will have Wi-Fi, spotless restrooms, cafes and restaurants, areas for rest and relaxation, and choices for vehicle repair to make the charging experience pleasant. The company puts a strong emphasis on providing every client with total safety and security, with a particular focus on women’s safety in addition to providing possibilities for leisure. In order to provide emergency assistance right away the charging stations are outfitted with Emergency Response Mechanism. When a consumer asks for assistance this is supposed to provide it right away and report any unanticipated or serious incidents that may have occurred.

Future Roadmap
The future of the EV segment is expected to boom and become the centre of attention for all infrastructural development projects for the upcoming five to seven years across the globe. This brings with it tremendous opportunity for EV startups to set a new benchmark and set up charging stations matching international standards or surpassing them, in India. “The road map for the next five years is to set up 30000 stations and 150K charging points into the Pi EV network. This will help us build the capacity to charge 615000 EVs per year conservatively speaking. Acquiring other players will be key so our network can grow. Focus on educational institutes and fleet companies will further amplify our growth in both the charging and the MyEV(EV on subscription) model”, signs off Iftikhar. The firm has strong plans for the coming years and is working tirelessly to fulfil these goals in order to become a trailblazer in the EV arena. With clear cut strategies in motion, Pi EV is on the path to achieving every single one of its goals.

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Pi EV Solutions featured in Tradeflock: EV Leaders in India 2023

In an era where the world is increasingly seeking sustainable alternatives, electric vehicles (EVs) have emerged as a beacon of hope, reshaping the automotive landscape and redefining our notion of mobility. As the demand for clean transportation grows, new leaders have stepped forward, propelling the EV revolution with their vision, innovation, and unwavering determination.

The EV market has experienced significant expansion, with global electric car sales surpassing 3 million units in 2020. This surge in demand presents immense opportunities for various industries beyond automotive, such as battery technology, renewable energy integration, and smart charging infrastructure. The leaders in the EV space are at the forefront of this revolution, challenging norms and transforming transportation. They are pushing the boundaries of battery technology and building the infrastructure, making EVs more efficient and accessible. Additionally, they prioritise sustainability throughout the entire lifecycle of EVs, implementing eco-conscious practices in production, supply chains, and recycling.

In this edition of ‘EV Leaders in India 2023’, TradeFlock delves into the stories of some of the remarkable leaders, exploring their motivations, visions, and the significant contributions they have made to the EV landscape. Their innovative thinking and dedication to excellence are not only shaping the future of transportation but also leaving a positive impact on the environment.

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