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EVs are the flag bearers of the changing dynamics of the automotive industry

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With the emergence of EVs in India, Statiq has risen to the occasion and has utilized it in building India’s largest network of public charging stations for EVs in India. Statiq provides an end-to-end ecosystem for EV chargers, it’s EV charger discovery app and Charging System Management Software for the hosts. It has a mechanism to manufacture in-house chargers, administer free installations, and provision of remote charger management services to ensure innovation driven by sustainability in the Indian transportation sector.
In an Exclusive Interview with Jayanta Ghosh, Editor in Chief of DeviceNext,  Akshit Bansal, Founder of Statiq,  shares inception story and how they are evolving with time.

The inception story, how it all started for Statiq

Statiq started with a mission. A mission to bring about sustainability in the Indian automotive sector. Vehicular pollution has grown at an alarming rate in India and contributes to approximately 40% of pollution. Raghav and I, both of us are passionate about the environment and wanted to contribute to society by setting a positive benchmark, left the corporate well-paying jobs respectively, and collaborated to build Statiq. I, a Mechanical Engineer, used my technical know-how on e-mobility and took responsibility for manufacturing the in-house hardware for the EV chargers. Raghav brought his efficient managerial skills and took care of all the software requirements for the company. Together through our combined collaboration, communication, and dedication built a team of hard-working, talented, and passionate colleagues who have tirelessly worked together to make Statiq a success and deliver innovation along with sustainability on a
day-to-day basis to the Indian traveler.

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Key areas that Statiq focused on from day 1?

We wanted to make sure that we emphasize the USP of Statiq, that it was an indigenous tech-first company, and all we tried to build collaborated with all the stakeholders in the EV ecosystem to ensure that we are at the center stage of all the innovation. In order to ensure that our chargers are suitably placed in accordance with the needs of the consumers, we interacted with our customers regularly, took feedback, and improvised accordingly. We realized that there is nothing called a ‘Perfect Product’ and we understood that our core responsibility at Statiq is to keep evolving with the times. In order to build awareness about clean energy, sustainable transportation we also forced information dissemination about EVs as the alternative to ICE vehicles and their growing prominence in India.

EVs started really slowly in India and you are seeing the adoption in India till now?

As we all know, the 2000s was when the E-Commerce Wave hit India. Today, e-commerce has penetrated all realms of the Indian Commercial space. In the same manner, I firmly believe that this is going to be the decade for e-mobility. Several Indian companies like Flipkart, Zomato, etc. have assured us that they are going to switch to electric for their delivery fleet. Various state governments have introduced schemes which state that all the public transports like buses will be electric vehicles. The Central Government has rolled out multitudes of incentives from the perspective of tax incentives to the reduction of the prices of EVs in India which is an indication that EVs are the flag bearers of the changing dynamics of the automotive industry.

Most importantly, the people have started to understand the negating effect that vehicular pollution has
on their health and the perils that it poses to their future generation. They have showcased their strong and reliable inclination towards adopting a sustainable mode of transportation and making their journey a pollution-free one.

* What according to you will be the driving force for EV segment in India?

The driving force of the EV segment in India is the government, the businesses, and the people. Mobilizing Finance for EVs in India (2021) by NITI Aayog has stated that the EV sector should be categorized in the Priority Sector Lending (PSL) bracket which would incentivize banks to allocate funds and lending to the sector for Research and Development purposes. It emphasized the importance of an Electric Vehicle Finance Forum and inspired further action in the growth of the EVs market. So, the road ahead is a smooth one. The Government of India is rolling out various schemes like providing tax incentives, subsidizing the cost of EVs to give the required boost to the sector. Most importantly, the automotive market is going to be flooded with myriad options of EVs in the coming future as giants like Mercedes, TATA, MG, Mahindra, etc are going to launch their much-coveted EV range in the Indian market.

*How big is FAME 2
According to me, FAME 2 is the game-changer that India needed to bring about a complete overhaul in the Indian Automotive Industry and highlight the importance of sustainability in the long run. I believe FAME 2 is the boost that will we needed to change the dynamics of the e-mobility sector and flood the Indian roads with the innovative technology that EVs provide.

* What are the latest opportunities Statiq will be banking on for its future?
We provide an end-to-end ecosystem by providing in-house chargers, installations, and remote charger management services. At Statiq, sustainability is at the core of sourcing, production, and distribution as we aim to reduce our carbon footprint. We are here to help you take charge of your future and make your surroundings greener and cleaner by providing affordable and convenient charging solutions for your EV. We plan to effectively utilize all the resources at our disposal and collaborate with all the major stakeholders like the government, the real estate holders, the consumers, etc., and ensure that the future of the India EV ecosystem is prosperous.

* Latest announcements from Statiq and how it will change the game in EV segment?
With the growing environmental risks, switching to EVs is a formidable solution and the government realizes that as well which has been noted in the numerous demand incentive and tax emissions being given to effectively harness this technology. The government is investing in capacity building for EVs and developing infrastructure for the construction of charging stations

in around 62 cities in 24 states. Tech Startups like Statiq have also risen to the occasion and have utilized this pioneering technology and have built India’s largest network of public charging stations for EVs in India. With more and more chargers on the Indian roads, the cost of charging an EV will also drop and we will be able to save both the environment and our budget at the same time. Also, stay tuned to our social media platforms as we give out important information on EVs from time to time.

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